Munich Re UKLB appoints Paul Morden as CFO
He replaces Hugh Karp as chief financial officer of UK life branch
Paul Morden has been named chief financial officer (CFO) for Munich Re UK Life Branch.
He has worked for Munich Re for over 15 years, holding positions such as head of actuarial risk management, head of pricing and marketing and head of corporate development.
He replaces Hugh Karp who previously held the role. Thomas Braune, chief executive life and health reinsurance Europe, Latin America, Middle East said: "Paul is a key member of the UK Life Branch executive team. I feel certain under this new role he will help us reach our financial goal, ensuring that we continue on the path of financial sustainability and profitability. I would also like to thank Hugh Karp for his very valuable service as our CFO over the past four years."
"I'm excited to be taking on the challenge of the new UK Life Branch CFO," said Morden. "Having been at the company for a number of years I know the business well. I look forward to continuing to maintain the financial stability of our results, while supporting the delivery of our wider strategy."