Based in Sydney, the new CEO will report to Daniel Cossette, CEO of Munich Re Life & Health in Asia Pacific, Middle East, and Africa. He succeeds Andrew Linfoot, who held the role for the past six years and will be taking up a regional role within the German group.

Munich Re has appointed Nicolas Carro as CEO for its life and health business and operations in Australia and New Zealand, with effect from 1 January 2020, the firm said in a media release on Friday.

He joined Munich Re in 2004 and has held various Finance and Capital Management roles at Munich Re’s headquarters in Munich, as well as in Munich Re in Australia. Most recently, he was Chief Financial Officer, CFO, for Munich Re in Australasia, defining and executing the financial strategy to support its life and non-life businesses.