Munich Re, Canada (Life) Names Rebecca Rycroft as Chief Financial Officer

Accomplished financial executive with extensive life insurance, consulting and actuarial experience returns to Munich Re

TORONTO--(BUSINESS WIRE)--Munich Re today announced the appointment of Rebecca Rycroft as Chief Financial Officer of its Canada (Life) business, effective January 4, 2027. She will report to Michael Correa, President and CEO of Munich Re, Canada (Life).

Based in Toronto, Rebecca returns to Munich Re after more than five years as Senior Vice President and Chief Financial Officer of Empire Life Insurance Company of Canada. She previously served as Chief Financial Officer of Munich Re, Canada (Life) from 2018 to 2021, leading its Finance, Corporate Actuarial and Tax functions and overseeing financial reporting, valuation, solvency and capital planning. During that time, Rebecca also supported strategic initiatives including the acquisition of Group Health Group Holdings, Inc. Prior to joining Munich Re, Rebecca spent more than a decade with Oliver Wyman, advising life insurers on actuarial, financial and strategic matters.

“We are thrilled to welcome Rebecca back to Munich Re,” said Correa. “Rebecca brings a unique combination of deep actuarial and financial expertise, strategic perspective and firsthand knowledge leading finance teams within the Canadian life insurance and reinsurance markets.”

“I’m excited to return to Munich Re at such an important point in the company’s journey. I have tremendous respect for the organization, its people and the strength of its business in Canada. I look forward to bringing the experience and perspective I’ve gained over the past several years back to Munich Re and working with the team to support the company’s continued growth and long-term ambitions,” Rycroft added.

Rycroft is a Fellow of both the Society of Actuaries and the Canadian Institute of Actuaries and a Member of the American Academy of Actuaries.

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.