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NewRe appoints new CUO for P&C business

September 03, 2018

NewRe, a wholly owned subsidiary of Munich Re, has appointed Artur Klinger as its new chief underwriting officer (CUO) for the property and casualty (P&C) business, succeeding Jean-Luc Bourgault who is retiring at the end of next year.

Klinger was most recently managing director of Capital Partners in Zurich, responsible for the group’s global prospective reinsurance structuring teams.

NewRe said the appointment is part of the firm’s strategy to create intense collaboration with brokers on standard P&C reinsurance and reinforces its advanced transaction capabilities to develop customised reinsurance solutions.

The company will continue to write significant lines of treaty excess of loss with a preference for natural perils and motor exposures. The reinsurer foresees further growth in public schemes and in defined casualty classes.

Bourgault, who held the position for 17 years, will continue to serve the company as senior consultant until his retirement.

CEO of NewRe, Renate Strasser said: “I am delighted that we have not only secured a successor whose business acumen is impressive but also brings along deep knowledge of the NewRe portfolio and the core markets and products we focus on.”

Klinger commented: “I am very pleased to be taking on profit responsibility for a significant reinsurance player. I am looking forward to bringing my analytical and global business development experience to the table to shape NewRe’s future P&C portfolio.”