![](3D"pr_13dec07_files/image001.gif")
<=
/span>
FOR IMMEDIATE RELEASE
Munich American Reassurance Company and New Head of
Atlanta, December 13, 2007—Munich Re, a global lead=
er in
reinsurance, today announced the appointment of Michael DeKoning as Preside=
nt
and Chief Executive Officer of Munich American Reassurance Company, effecti=
ve
January 1, 2008.
Mr. DeKoning joins=
Munich
Re after 19 years with a large international financial services company, wh=
ere
he successfully assumed increasingly senior positions, including the leader=
ship
of a prominent worldwide life retrocessionaire, and most recently as Senior
Vice President with responsibility for all product risk across the Americas=
and
Asia.
He is a Fellow of =
the
Society of Actuaries and of the Canadian Institute of Actuaries, as well as=
a
Member of the American Academy of Actuaries and a Director on the Board of =
the
Medical Insurance Bureau. Mr. DeKoning will be based in Atlanta, Georgia.
“Michael DeK=
oning is
a highly respected industry veteran with a track record of proven leadership
and innovation that will help us address our clients’ needs across th=
e
Mr. DeKoning succe=
eds David
Holland, who is retiring on January 31, 2008. Mr. Holland’s outstandi=
ng
contributions to the Company mirror the considerable leadership he has prov=
ided
to the industry as a whole. A past president of the Society of Actuaries, he
was also a member of the Board of Directors of the Life Office Management
Association, where he served as Chair from 2003 to 2005. He also served as a
Director on the Boards of the American Council of Life Insurers, the Americ=
an
Academy of Actuaries, and the Medical Information Bureau. He will be starti=
ng a
second term on the Board of Directors of the Actuarial Foundation shortly, =
and
is currently a Trustee of The Educational Foundation, Inc. at
Mr. Holland will r=
emain as
Vice Chair of Munich American Reassurance Company’s Board following h=
is
retirement.
The Company also a=
nnounced
the appointment of Mary Forrest as Chair of Munich American Reassurance
Company, and Head of North America (Life), a newly created position, effect=
ive
January 1, 2008. Ms. Forrest is a Fellow of the Society of Actuaries and the
Canadian Institute of Actuaries.
“Mary Forres=
t is an
ideal choice for these roles. She is client-focused, an inspired leader, and
has proven her ability to achieve unprecedented levels of top line and bott=
om
line growth. She has also improved our global business by promoting the
development and transfer of expertise and best practices across the Munich =
Re
Group as Chair of the Global Financial Reinsurance Task Force, team member =
for
the Global Strategy Project, and through a number of other global
initiatives,” said Dr. Wolfgang Strassl, Member of the Board of
Management, Munich Re. “She has demonstrated the precise qualities ne=
eded
to ensure that the Canadian and U.S. operations work together optimally whi=
le
retaining their unique identities.” Mary Forrest has also been appoin=
ted President
and Chief Executive Officer of Munich Re’s Canadian & Caribbean l=
ife
and health reinsurance operations.
About Munich Re
The Munich Re Group
operates worldwide, turning risk into value. In the financial year 2006, it
achieved a profit of €3,519m, the highest since the company was found=
ed
in 1880, on premium income of approximately €37bn. The Group operates=
in
all lines of business, with around 37,000 employees at over 50 locations
throughout the world and is characterised by particularly pronounced
diversification, client focus and earnings stability. With premium income of
around €22bn from reinsurance alone, it is one of the world's leading
reinsurers. Its primary insurance operations are mainly concentrated in the
ERGO Insurance Group. With premium income of almost €17bn, ERGO is on=
e of
the largest insurance groups in Europe and
For more information, please contact:
Carol W. Sullivan, FLMI
AVP – Corporate Marketing
770-350-3224