Munich Re announced today that effective Jan. 1, 2008 Michael DeKoning will be the president and chief executive officer of Munich American Reassurance in Atlanta.
Mr. DeKoning, who succeeds David Holland, who is retiring Jan. 31, 2008, is listed on the LOGiQ3 group's Web site as a member its advisory panel.
The site gives his background as senior vice president, corporate risk management,Manulife Financial Corporation,Toronto, Canada. Munich did not identify his employer, saying only that he had experience with "a large international financial services company."
LOGiQ3 lists his experience as more than 18 years at Manulife invarious roles with his most recent accountabilities the Manulife Life Reinsurance business lines.
Since February he has had a role in corporate risk management, with worldwide accountability for product risk, the development of Economic Capital models and for procuring all of the company's insurance and reinsurance covers.
"Michael DeKoning is a highly respected industry veteran with a track record of proven leadership and innovation that will help us address our clients' needs across the United States," said Munich Re board member Wolfgang Strassl.
Mr. Strassl noted Mr. DeKoning's background as a past president of the Society of Actuaries; board member and past chair of the Life Office Management Association; and as a director on the boards of the American Council of Life Insurers, the American Academy of Actuaries and the Medical Information Bureau.
Mr. Holland will remain as vice chair of Munich American Reassurance Company's Board following his retirement.
The company also announced the appointment of Mary Forrest as chair of Munich American Reassurance Company and head of North America (Life), a newly created position, effective Jan. 1, 2008.
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