Swiss reinsurer NewRe names CEO

Swiss reinsurer New Reinsurance Company, a wholly-owned subsidiary of Munich Re, announced that its Board of Directors appointed Dr Thomas Braune as its new Chief Executive Officer.

Thomas will assume his new role in October, succeeding Dr. Renate Strasser who, after 16 years with Munich Re, has decided to seize an opportunity outside of the Group. Braune joins NewRe with more than 25 years in the industry. Since joining Munich Re in 1992, he has held many strategic management functions. Most recently, he was in charge of Munich Re’s life and health reinsurance business in Europe, Latin America and the Middle East.

Established in 1926, New Reinsurance Company became part of Munich Re in 1988. It is a P&C reinsurance company, an underwriter of structured reinsurance solutions, and an active reinsurer in the fields of insurance derivatives and parametric trigger covers. The company also specializes in variable annuity reinsurance and capital management solutions for life business.

Speaking on behalf of the Board of Directors, Claudia Hasse said: “We are fortunate to have someone of Thomas Braune’s calibre and experience step up to lead NewRe. With him we have appointed a strong strategic thinker and communicator who is customer-focused and will vastly drive and strengthen NewRe’s financial performance.”

“I am honoured and excited to be taking on leadership responsibility for NewRe. It is a privilege to be part of an organisation that delivers high quality services and innovative solutions to its clients and partners through a dedicated team of experienced professionals.” – Thomas Braune.

NewRe’s strategy remains unchanged and strongly embedded in an intensive collaboration with brokers on standard P&C reinsurance in combination with developing customized reinsurance solutions for clients.