Munich Re Specialty names head of US programs
Munich Re Specialty names head of US programs | Insurance Business America
Insurance News
Munich Re Specialty names head of US programs
She will be responsible for managing the programs business in the region
Insurance News
By
Kenneth Araullo
Munich Re Specialty has announced the appointment of Claudia Carnevale (pictured) as head of US programs.
Carnevale will manage the $1 billion gross written premium (GWP) US programs business, which has expanded over the past three years to include more than 28 active programs with 11 partners.
Reporting to Kevin Johnson, president of North America Programs, Carnevale will lead the US team of underwriters who specialize in various program areas.
Carnevale joins Munich Re Specialty from Homesite Underwriting Managers, where she served as senior vice president and chief risk officer. Her career also includes roles at Allied World, where she was senior vice president and head of programs, and at Starr Insurance Companies, where she was deputy manager of programs.
At Starr, Carnevale was part of a new management team that developed a business plan and coordinated the implementation of MGA/MGU portfolios, producing approximately $160 million of P&C business in two years.
She has also held positions at Partner Reinsurance Company, QBE the Americas, and Generali US Branch, bringing extensive experience in managing general agents and reinsurance underwriting.
Carnevale holds a bachelor of arts in political science from American University in Washington, DC, and holds CPCU and ARe designations. She is a member of the APIW and John Street Club.
Munich Re leadership shakeup
Carnevale’s appointment follows a major leadership shakeup for the wider Munich Re group back in April. Hitesh Kotak was appointed to lead Munich Re’s property & casualty (P&C) business in Japan, India, Korea, and South-East Asia, based out of Singapore.
Roland Eckl, meanwhile, will oversee operations in Australasia, Greater China, MENA, Africa, and the cyber business in APAC MEA.
In Japan, Florian Gruson is set to become CEO, pending regulatory approval. Additionally, Haruka Narahashi will now also oversee treaty underwriting for Korea, expanding her previous Japan-focused role.
For Korea, Ajeet Phatak will relocate to Seoul to assume the role of CEO Korea. In South-East Asia, Michael Hauer, currently CEO of Korea, will become head of P&C for the region based in Singapore.
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