Craig Smiddy, President of Specialty Markets Division of Munich Reinsurance America, Inc., to resign position
Princeton, New Jersey, 3 April 2013 – Tony Kuczinski, President of Munich Reinsurance America, announced that Specialty Markets Division President Craig Smiddy will resign his position.
Craig Smiddy worked for Munich Re for 15 years, the last 5 of which he served as President of Specialty Markets. “After achieving these personal milestones with Munich Re, I came to the difficult decision that my future career aspirations will best be realized by spending the next 15 years of my career working in another capacity,” said Smiddy.
No successor has yet been named, however Smiddy will work with Munich Re America management over the coming months to transition his responsibilities.
“I have worked with Craig for many years and he has always been a hard working, focused and effective leader. I consider him not only a colleague, but a friend and I wish him well in whatever future endeavor he undertakes,” said Kuczinski.
This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Reinsurance America, Inc. 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.