© Reuters. FILE PHOTO: The logo of reinsurance company Munich Re Group is seen next to the entrance of their headquarters as the spread of the coronavirus disease (COVID-19) continues in Munich, Germany, April 4, 2020. REUTERS/Andreas Gebert
FRANKFURT (Reuters) – Munich Re on Thursday announced that it would appoint two women to its all-male management board and a change in the person who will oversee the important reinsurance business.
It marks the biggest shake-up of the board in at least the last decade, and it comes at a time when the European insurance industry faces soaring inflation, low economic growth and an energy crisis.
Clarisse Kopff, joining from Allianz (ETR:) , will join the board to oversee the Europe and Latin America non-life division, and Mari-Lizette Malherbe will oversee the life and health division
Thomas Blunck will take over oversight of reinsurance, succeeding Torsten Jeworrek, who is stepping down at the end of the year.
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