Mary Forrest Receives Prestigious Honour for the Second Consecutive Year
Mary Forrest, President and CEO of Munich Re North America (Life) has been named one of Canada’s 100 Most Powerful Women by the Women’s Executive Network’s annual ranking and awards program. This is Ms. Forrest’s second consecutive win. Ms. Forrest is also the first female executive to the head the Canadian Life and Health Insurance Association (CLHIA), the national association representing Canada’s life and health insurance sector.
Ms. Forrest oversees the two largest Life reinsurance business units within the Munich Re Group. She is responsible for Munich Re’s Life reinsurance operations in the United States, Canada, and the Caribbean. The North American organization employs over 400 people in Canada and the United States.
“I’m honoured to be included among Canada’s women who are pushing boundaries,” said Ms. Forrest. “At Munich Re we are invested in developing talent and making meaningful contributions to the future of women in our sector. I’m grateful for the recognition and for the opportunity to lead and shape the talents of tomorrow.”
Introduced in 2003, Canada’s Most Powerful Women Top 100 Awards highlights the outstanding accomplishments of professional women across Canada by recognizing talented leaders and inspiring others to push boundaries. Since then, WXN has celebrated the accomplishments of 800 remarkable women. Each year, Top 100 Celebrations take place across the country in Toronto, Vancouver, Calgary and Montreal.
About Munich Re
Munich Re stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. This is how Munich Re creates value for clients, shareholders and staff. In the financial year 2014, the Group – which combines primary insurance and reinsurance under one roof – achieved a profit of €3.2bn on premium income of over €48bn. It operates in all lines of insurance, with over 43,000 employees throughout the world. With premium income of around €27bn from reinsurance alone, it is one of the world’s leading reinsurers. Especially when clients require solutions for complex risks, Munich Re is a much sought-after risk carrier. Its primary insurance operations are concentrated mainly in the ERGO Insurance Group, one of the leading insurance groups in Germany and Europe. ERGO is represented in over 30 countries worldwide and offers a comprehensive range of insurances, provision products and services. In 2014, ERGO posted premium income of €18bn. In international healthcare business, Munich Re pools its insurance and reinsurance operations, as well as related services, under the Munich Health brand. Munich Re’s global investments amounting to €227bn are managed by MEAG, which also makes its competence available to private and institutional investors outside the Group.
This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.