Munich Re U.S. names new CFO

Munich Reinsurance America Inc., the Princeton-based reinsurance business, has named a new chief financial officer, it announced Tuesday.

Oliver Horbelt took on the role, effective Nov. 1, serving as a member of the U.S. operations executive board and reporting to Tony Kuczinski, CEO and president of Munich Reinsurance America. In his new post, he will oversee financial operations for the U.S., including Munich Re U.S., Munich Re Specialty Insurance, American Modern Insurance Group and Hartford Steam Boiler Inspection and Insurance Co.

“I am very excited to bring someone with Oliver’s background, proven leadership and deep business experience into this role,” Kuczinski said in a prepared statement. “He has been a Munich Re colleague since 2009 and has a deep understanding of the financial services industry, including investment banking, insurance, reinsurance and structured finance.

“Oliver’s leadership will allow our Financial Management Reporting Group to not only carry out its important accounting and reporting roles, but also embed its strategic and critical thinking into our decision-making in the years to come.”

Horbelt joined Munich Re in 2009 as a senior executive manager responsible for the organization’s global center of competence for retroactive reinsurance, based in Munich. Since 2015, he has served as head of Munich Re U.S.’ Capital Partners Americas business unit.