Munich Re US names CEO of new specialty insurance unit

Princeton-based Munich Reinsurance America Inc. announced Monday it has named Michael Kerner the CEO of Munich Re Specialty Insurance, a new commercial insurance unit.

Kerner will report to Tony Kuczinski, CEO and president of Munich Re US.

In this role, Kerner will be responsible for overseeing several Munich Re Group business units under the new unit.

“We are pleased to welcome Mike, an insurance industry veteran, to this new leadership role,” Kuczinski said. “His deep insurance industry expertise and experience managing multiple functional areas in a global organization are important assets that will help unify and grow our primary specialty commercial insurance business. Munich Re Specialty Insurance will complement American Modern, Hartford Steam Boiler and other parts of the Munich Re family in the U.S.“

Kerner has more than 30 years of experience in the global insurance market. Before Munich Re, he was executive vice president, risk management and strategy at Everest Re. Prior to that, he spent 23 years at Zurich Insurance Co. in a variety of senior roles, including CEO of general insurance, CEO of global corporate North America, global chief underwriting officer, global head of group reinsurance and chief operations officer of North America specialties. In the past, Kerner held actuary roles in the industry.

“Munich Re Specialty Insurance will unite the expertise of our multiple commercial specialty insurance divisions. I am convinced that the new unit will become an important and profitable part of Munich Re in the U.S. Mike Kerner is the ideal candidate to successfully lead Munich Re Specialty Insurance, and I am happy to have him on board,” Peter Roeder, chairman of Munich Re America and board member of Munich Re, said.

“I’m very excited to join Munich Re and help fulfill the company’s vision of better serving our clients and brokers and becoming a more capable and relevant participant in the North American specialty commercial insurance market,” Kerner said.