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Marc-André Giguère will be taking over as president and chief executive officer of Munich Re, US (Life and Health) in January.
Giguère has been the executive vice president of reinsurance at Munich Re, US (Life), since July. He has also been the president of the Munich Re Health unit.
Giguère will be succeeding Michael DeKoning, who has been running the Munich Re, US (Life), since 2008.
DeKoning has decided to leave the company, Munich Re says in an announcement of the change.
(Related: United Arab Emirates Looks Like a Hot Life Market)
Munich Re did not discuss the reasons for DeKoning’s decision to leave the company. DeKoning could not immediately be reached for comment.
The U.S. Munich Re operations are part of Munich Re, a reinsurer based in Germany.
Giguère worked for Ernst & Young and Tillinghast for about 20 years before joining Munich Re in 2015, Munich Re says.
He has a bachelor’s degree from Laval University. He is a fellow of the Society of Actuaries, a fellow of the Canadian Institute of Actuaries and a member of the American Academy of Actuaries.
—Read Munich Re Rebels Against ECB With Plan to Store Cash in Vaults on ThinkAdvisor.
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LTCG says the deal shows its commitment to the long-term care insurance support services market.
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