Steven Levy has been named president of the reinsurance division of Munich Reinsurance America Inc., effective October 1, 2014. Mr. Levy has served as Munich Re America's chief financial officer since 2003, and also has had responsibility for enterprise risk management, information technology, and procurement.
Mr. Levy replaces Pina Albo, who will join Munich Re's board of management in October. A new CFO had not yet been named.
Mr. Levy will continue to report to Munich Re America President and Chief Executive Officer Tony Kuczinski, who said, “I am confident Steve's financial background, proven leadership skills, and strategic focus make him the right person to lead the division through current reinsurance market challenges, and to position the division for future success.”
Peter Röder, a member of the Munich Re board of management responsible for North America, noted, “The U.S. reinsurance market, one of the largest and most important for the Munich Re Group, is going through a period of transition. It therefore gives me great confidence to have someone of Steve's caliber in this role.”
Prior to becoming CFO of Munich Re America in 2003, Mr. Levy was president of the company's credit and surety division. He joined the company in October 1997 as vice president in the financial products division, after having worked in several sectors of the financial services industry.
Mr. Levy holds an A.B. in mathematics from Dartmouth College and an M.B.A. from The Wharton School, University of Pennsylvania, as well as a Chartered Financial Analyst designation.
Learn more: www.munichreamerica.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].