Munich Re Subsidiary NewRe Names Braune as CEO, Succeeding Strasser

New Reinsurance Co. Ltd., a wholly owned subsidiary of Munich Re, announced that its board of directors appointed Dr. Thomas Braune as its new chief executive officer. Braune will assume his new role on Oct. 1, 2020, succeeding Dr. Renate Strasser who, after 16 years with Munich Re, has decided to take an opportunity outside of the group.

Braune, a highly experienced reinsurance expert, joins NewRe with more than 25 years in the industry. Since joining Munich Re in 1992, he has held many strategic management functions. Most recently, he was in charge of Munich Re’s life and health reinsurance business in Europe, Latin America and the Middle East.

“We are fortunate to have someone of Thomas Braune’s calibre and experience step up to lead NewRe. With him we have appointed a strong strategic thinker and communicator who is customer-focused and will vastly drive and strengthen NewRe’s financial performance,” said Claudia Hasse, speaking on behalf of the board of directors.

NewRe said its strategy remains unchanged and strongly embedded in intensive collaboration with brokers on standard P/C reinsurance in combination with developing customized reinsurance solutions for clients.

Going forward, NewRe will continue to write significant lines of treaty excess of loss with a preference for natural perils and motor exposures with European cedents, said the company.