FRANKFURT (Reuters) -Munich Re CEO Joachim Wenning will retire by the end of the year and be succeeded by the company’s finance chief Christoph Jurecka, the German reinsurer announced on Wednesday.
Wenning, in the CEO role since 2017, decided to step down for personal reasons, Munich Re said.
Analysts with Jefferies wrote in an email that the departure was disappointing but that his successor Jurecka is “well known by investors” with a “deep understanding of the business”.
(Reporting by Tom Sims and Alexander Huebner; editing by Matthias Williams)
