Jean-Jacques Henchoz, Member of the Board of Management of Talanx AG with responsibility for the Reinsurance division, will not extend his expiring contract at his own request and will leave the Board of Management of Talanx AG on 31 March 2025, the Group said.

His successor as of 1 April 2025 will be Chief Financial Officer and designated Chief Executive Officer of Hannover Re Clemens Jungsthöfel.

“We very much regret Jean-Jacques Henchoz’ decision. He has led the Reinsurance division very successfully with great strategic foresight through times which have often been turbulent, and he has further significantly expanded the market position and profitability of Hannover Re”, commented Herbert K. Haas, Chairman of the Supervisory Board of Talanx AG.

“Jean-Jacques enriched the Talanx Board of Management and the Group as a whole through his highly entrepreneurial approach, his great foresight and his team spirit. I would like to wish him every success and all the best in the next chapter of his career. His successor Clemens Jungsthöfel is a seasoned insurance expert who combines an engaging personality with strong strategic capabilities and exceptional proximity to customers and the market”, said Torsten Leue, Chairman of the Board of Management of Talanx AG.