Munich Re Appoints Michael Correa President and CEO of Canada (Life)

TORONTO--(BUSINESS WIRE)--Munich Re today announced the appointment of Michael Correa as President and CEO of its Canada (Life) business, effective September 1, 2026, with responsibility for its Life business in Canada and the Caribbean.

Based in Toronto, Correa will report to Mari-Lizette Malherbe, Member of the Board of Management, and will succeed Bernard Naumann, who has been appointed to lead Munich Re’s Life & Health business in Europe and Latin America beginning January 1, 2027. Correa currently serves as Senior Vice President, Reinsurance Solutions for Munich Re, Canada (Life).

“Mike’s appointment reflects both his strong track record of delivering profitable growth and the respect he has earned from clients and colleagues across the industry,” said Malherbe. “Since joining Munich Re, he has been instrumental in strengthening our position in the Canadian market and expanding into new areas of opportunity. I am confident that, under his leadership, our Life business in Canada and the Caribbean will continue to build on this momentum.

At the same time, I would like to thank Bernard Naumann for his outstanding leadership and significant contributions to the Group. His appointment to lead our Life & Health business in Europe and Latin America speaks to the strength of our global leadership team.”

Correa added, “I am honoured to take on this role and to lead the Canada (Life) business at such an important time. Munich Re has built a strong foundation in this market, and I look forward to working with our clients and teams to build on that momentum—continuing to deliver innovative solutions, disciplined growth, and long-term value.”

Munich Re, Canada (Life)

Munich Re, Canada (Life), a full-service branch of Munich Re Group, is a leading reinsurer in Canada with a significant market presence in all lines of life and health reinsurance. Munich Re is committed to servicing the Canadian market from our offices in Toronto and in Montreal as well as our clients in the Caribbean and surrounding regions. Leveraging a rich legacy spanning decades and a track record of profound risk expertise, we are focused on driving digital transformation and innovation throughout the insurance value chain – all with the goal of bringing unique value to our insurance partners and transforming the customer experience.

Munich Re Group

Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The Group consists of the reinsurance and ERGO business segments, as well as the asset manager MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. Munich Re leverages its strengths to promote its clients’ business interests and technological progress. Moreover, Munich Re develops covers for new risks such as rocket launches, renewable energies, cyber risks and artificial intelligence. In the 2025 financial year, Munich Re generated insurance revenue of €60.4bn and a net result of €6.1bn. The Munich Re Group employed about 44,000 people worldwide as of 31 December 2025.