Swiss Re has seen a significant turnaround in its business with the departure of CEO Christian Mumenthaler and the appointment of Andreas Berger as his successor. Berger has been credited with turning around the troubled Corporate Solutions (Corso) business unit, where he served as head since March 2019. His ability to implement changes and achieve results has made him a beacon of hope for the company, which some consider to be somewhat sedate and not profit-oriented enough.
Berger’s track record at Corso shows that he is able to discipline risk assumption, manage costs, and increase prices in order to make the division profitable. After a challenging year in 2019, where he realigned the division and made it profitable, Corso under Berger’s leadership generated significant profits and improved its combined ratio. In his approach to leading Corso, Berger emphasized the importance of being disciplined and focused on change implementation.
Berger’s international background and experience in the insurance industry have shaped his leadership style. He is viewed as a customer-oriented doer who values teamwork and transparency. His diverse career path, which includes positions in various countries and global responsibilities, has prepared him for the challenges of leading a global reinsurance company.
Berger’s personal background, which includes experiences with change and uncertainty due to geopolitical events and natural disasters, has influenced his commitment to increasing resilience and closing insurance gaps. This drive to make a positive impact through his work is one of the reasons he chose to work for Swiss Re.
Overall, Andreas Berger’s appointment as CEO of Swiss Re represents a new chapter for the company, with expectations high for his leadership and vision to continue its success and growth.
