The Geneva Association announced that Christian Mumenthaler, CEO of Swiss Re, was appointed the new chairman of the organization. Mumenthaler, who has been vice chairman since November 2019, succeeds outgoing Chairman Charles Brindamour, CEO of Intact Financial, who remains on the board. Lee Yuan Siong, chief executive and president of AIA, was appointed vice chairman.
In addition, Amanda Blanc, CEO of Aviva, was elected as a new board member.
“I feel privileged to take on this role at such a crucial time for both our industry and society more broadly, as re/insurers mobilize to confront immense challenges, namely climate change and the after effects of COVID-19,” commented Mumenthaler.
Mumenthaler thanked Brindamour for his leadership over the past three years. Under Brindamour’s chairmanship, the Geneva Association has deeply transformed, he said. “Through its rich portfolio of research and dialogue activities, the organization makes an essential contribution to the debate on strengthening the world’s resilience to global risks. I look forward to further increasing the impact we have for all our stakeholders.”
“It is an honor to be appointed vice chairman of the Geneva Association. The enormous positive difference that insurance can bring to the lives of our communities has never been more relevant than it is today,” said Lee. “I look forward to collaborating closely with Christian and members of the board as we work together to address the global strategic and risk management issues facing our industry, while playing our part in the transition to a better, more sustainable future.”
“I look forward to working with Christian, contributing to the Geneva Association agenda and supporting the critical role which the global insurance industry plays in the resilience of our economy and society,” Blanc said.
The Geneva Association is the only global association of insurance companies; its members are insurance and reinsurance CEOs. The Geneva Association investigates key risk areas that are likely to impact the insurance industry, develops corresponding recommendations and provides a platform for stakeholders to discuss them. In total, the companies of Geneva Association members are headquartered in 25 countries; manage US$17.1 trillion in assets; employ 2.4 million people, and protect 1.8 billion people.
Source: The Geneva Association
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