Munich American Reassurance Company │ Munich Re

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Reinhard Denk Appointed as Chief Financial Officer

Atlanta, October 1, 2014 – Reinhard Denk has been named as Chief Financial Officer for Munich Re’s U.S. life and disability reinsurance subsidiary, Munich American Reassurance Company, effective October 1, 2014. 

                                                               
Denk was most recently Head of Department - Controlling & Reporting Life for Munich Re Group.  An actuary by training, Denk joined Munich Re in 1992 as part of the Life Actuarial Department.  In 1996, he was promoted to the Head of Controlling for Munich Re Canada Life, and served in that role until 2001 when he took on his most current position. 
 
“I am pleased to have Reinhard fill this critical position, and look forward to his keen and unique perspective,” says Simon Curtis, Chief Financial Officer, North American Life. 
 
As Chief Financial Officer, Denk will be responsible for the Finance and Corporate Actuarial functions and will oversee financial reporting, forecasting, planning, expense and cash management, reserve calculations and embedded value assumptions, and models.
 
“Reinhard is very familiar with the company as he and his team were responsible for reviewing and assessing the company‘s financial and management reporting,“ says Mike DeKoning, President and Chief Executive Officer Munich American Reinsurance Company.  “He also played a critical role in areas such as capital management, retrocessions, and evaluating and approving large deals.“


Denk has a Masters of Mathematics from Ulm University and Syracuse University, and earned hs Deutsche Aktuarvereinigung (DAV) from the German Actuarial Society.

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Media Relations, Munich American Reassurance Company
Bill Skowronnek
Tel.: 770-350-3222

Munich American Reassurance Company, founded in 1959, is one of the largest reinsurers in the U.S. offering life and disability reinsurance to insurance companies throughout the United States. The company also writes group, credit and other reinsurance products. Headquartered in Atlanta, with an office in Chicago, Munich American is licensed, accredited or authorized in all fifty states; Washington, D.C.; Guam; and Puerto Rico.

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 2012, the Group – which combines primary insurance and reinsurance under one roof – achieved a profit of €3.2bn on premium income of around €52bn. It operates in all lines of insurance, with around 45,000 employees throughout the world. With premium income of around €28bn 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 major 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 2012, ERGO posted premium income of €19bn. 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 €214bn are managed by MEAG, which also makes its competence available to private and institutional investors outside the Group.

Disclaimer
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.

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