The Supervisory Board of MUNICH Reinsurance Company announced on March 15th it has accepted Mr. BOMHARD's request of leaving his position in the company's Management Board, as well as the CEO chair. Joachim WENNING (51) was appointed as the new CEO with effect from 27 April 2017, the date of the 2017 Annual General Meeting.
After obtaining a degree in economics at the University of MUNICH, Dr. oec. publ. Joachim WENNING joined MUNICH Re in 1991, where he worked as a treaty specialist with technical responsibility for life reinsurance clients in Germany until early 1997. Parallel to this, Joachim Wenning wrote his doctoral thesis, for which he was awarded the degree of Dr. oec. publ. in 1995. At the beginning of 1997, Joachim Wenning transferred to the Group company Hamburg-Mannheimer Versicherungs-AG in Hamburg for two-and-a-half years, during which he implemented a number of strategic projects aimed at realigning marketing and sales. Following his return from Hamburg, Joachim Wenning headed the department "Life Reinsurance Latin America, Southern Europe and the Middle East" from mid-2000 onwards, where he was responsible for life reinsurance business in these countries. Following his appointment in May 2005 to the position of CEO of New Re, Geneva, Joachim Wenning became responsible for the company's strategic development, with an expanded mandate for financial solutions in life and health reinsurance and for financial institutions business.
Dr. Wenning has been a member of the Board of Management of MUNICH Re since 1 January 2009. He is responsible for the Divisions Life and Human Resources. Additionally he is Labour Relations Director.