Patrick J. Sullivan joins Munich Re to lead North American Integrated Analytics Team

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19 September 2016

Patrick J. Sullivan joins Munich Re to lead North American Integrated Analytics Team

Atlanta, September 19, 2016 – Munich Re, U.S. (Life) is pleased to announce the appointment of Patrick J. Sullivan as Senior Vice President, Integrated Analytics. In this role, Sullivan will drive data analytics strategy and work with Munich Re clients to develop and implement innovation and data solutions for life and disability insurance carriers throughout the United States and Canada.  

Sullivan is a seasoned executive with extensive experience leading teams that drive business results through the innovative use of data and analytics. Most recently, he worked as global head of Integrated Analytics for a major multi-line, international insurer, where he led the organization’s effort to use data and analytics to improve sales across multiple product lines.

Prior to this role, Sullivan served as Senior Vice President, Marketing Actuarial & Analytics and as Vice President of Information-based Marketing. Prior to insurance, Sullivan held leadership roles in Risk Marketing at a major global financial institution. He holds a Master’s degree in Operations Research from Stanford University and a Bachelor’s in Operations Research & Industrial Engineering from Cornell University.

“Under Patrick’s leadership, we will be building even greater capabilities in data analytics with a focus on revolutionizing the underwriting paradigm,” stated Michael DeKoning, FSA, MAAA, FCIA, President and CEO, Munich Re, U.S. (Life). “I’m confident his deep experience driving quantitative solutions will provide tremendous benefits to our organization and our customers.”

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Munich American Reassurance Company—Munich Re, U.S. (Life), 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, the company 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 2015, the Group – which combines primary insurance and reinsurance under one roof – achieved a profit of €3.1bn on premium income of over €50bn. It operates in all lines of insurance, with over 43,000 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 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 2015, ERGO posted premium income of €17.9bn. 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 (excluding insurance-related investments) amounting to €215bn 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.


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