Munich Re Appoints Jurecka as New CEO as Wenning Steps Down

German reinsurance company Munich Re appointed Christoph Jurecka as new Chief Executive Officer, succeeding Joachim Wenning who has decided to step down from his post.

Jurecka, currently serving as chief financial officer, will take over on Jan. 1, Munich Re said Wednesday. Wenning, 60, is retiring “for personal reasons,” it added.

Wenning has been betting on organic growth, a diversified business portfolio and disciplined underwriting to improve earnings, as challenges from climate change are mounting. He has stayed away from bigger acquisitions while turning around the primary insurance unit Ergo.

Jurecka, who is 50, has been with the company since ...