New CEO Andreas Berger: Turning Around Swiss Re’s Corporate Solutions Business Unit

Swiss Re has undergone a significant transformation following the departure of CEO Christian Mumenthaler, with Andreas Berger taking over the role in July. Prior to his departure, Mumenthaler had failed to meet business expectations, but he delivered the promised net profit of $3 billion for 2023. Berger’s success in turning around the Corporate Solutions (Corso) business unit has made him a symbol of hope for the company and its stakeholders.

Berger’s leadership style is characterized by disciplined risk assumption, cost management, and sustained price increases, which have led to Corso’s improvement in combined ratio after a challenging year in 2019. His international background and experience in the insurance industry have shaped his approach to leading Corso and his commitment to increasing resilience and closing insurance gaps. His personal experiences with change and uncertainty due to geopolitical events and natural disasters have also influenced his leadership style.

As the designated CEO of Swiss Re, Berger is viewed as a customer-oriented doer who values teamwork and transparency. His diverse career path has prepared him for the challenges of leading a global reinsurance company, including positions in various countries and global responsibilities. The board of directors has high expectations for Berger’s leadership and vision to continue Swiss Re’s success and growth.