Carsten Prussog, currently head of reinsurance development at Munich Re, will become president of the specialty markets division of Munich Re's U.S. property and casualty reinsurance subsidiary, Munich Re America.
Mr. Prussog will begin in his new role this fall, and will replace Craig Smiddy, who recently announced his decision to leave the company to join Old Republic as chief operating officer for its general insurance group.
The specialty markets division is the marketing and underwriting division of Munich Re America that provides custom risk transfer solutions and niche products for self-insureds, alternative market entities, managing general agents (“MGAs”), managing general underwriters (“MGUs”) and program administrators (“Pas”).
Mr. Prussog will report to Munich Re America President and Chief Executive Officer Tony Kuczinski who said that, “This is an important and growing area of the U.S. market” and that he was “delighted to have someone of Carsten's caliber who can take this business to the next level for the Munich Re organization.”
“It shows Munich Re's firm commitment to further develop this business segment,” added Munich Re America Chairman Peter Roeder.
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].