Converium has announced today that Frank Schaar and Christoph Ludemann are to leave the company.
In a statement released this morning Converium said it had appointed Jakob Eugster as a new member of its global executive committee to take over standard property & casualty business from Schaar. Eugster most recently served as managing director of Benfield Germany.
In addition, Benjamin Gentsch, currently executive vice president for specialty lines, is to take over responsibility for the company's life & health business, replacing Ludemann.
Inga Beale, chief executive, thanked Ludemann and Schaar for their “valued contributions” to Converium and wished them both well “in their future endeavours".
"I am delighted that Jakob Eugster is joining Converium as the new leader of our standard property & casualty business,” she added. “Jakob has worked for more than three decades in the reinsurance industry with an impressive track record. His vast experience and proven skills will be invaluable for Converium in achieving our ambitious targets for profitable growth."
"I am also very pleased that Benjamin Gentsch has agreed to assume an expanded role within our leadership team. Based on his in-depth market knowledge and previous experience in life & health reinsurance Benjamin and his team will identify and capture growth opportunities in existing and new life & health markets and products."
