Steven Levy, the longtime president and CEO of Munich Re US, plans to retire on April 1. Munich Re executive Marcus Winter will replace him, the company disclosed.

Levy has worked for Munich Re US for 23 years, holding a number of leadership positions including president of the Credit & Surety Division and Chief Financial Officer. He has held his current job since 2014 and has served as member of the Munich Re US P&C Executive Board since 2008.

Winter currently serves as Head of Reinsurance Development for Munich Re. Since 2002, he has held several roles with Munich Re, including Head of CU Cross Lines based in Munich, and General Manager, Non-Life, Munich Re, Australia, based in Sydney. For his new position, Winter will be based in Princeton, N.J. and report to Anthony Kuczinski, CEO of Munich Re US Holding.

Munich Reinsurance America, Inc. (“Munich Re US”) is one of the largest reinsurers in the United States. The subsidiary of Germany’s Munich Re provides reinsurance coverages, specialty reinsurance, and risk management products and services to commercial and personal lines insurance carriers, agents and brokers, program administrators, and managing general agents.

Source: Munich Re US