Andreas Kleiner, CEO of Munich Re of Africa, moves on

Munich Re of Africa (MRoA), Africas largest reinsurer, has announced that its CEO Andreas Kleiner (44) will be leaving the organization at the end of September.
Kleiner, who has led MRoA through some of its most profitable years, is returning to his native Germany where he has been appointed to the Board of Management of Ergo International AG in Dsseldorf which is part of the Munich Re Group. ERGO is the second largest primary insurer in Germany and Andreas Kleiner will be responsible for driving the international expansion of ERGO, with a special focus on Asia.

According to Dr Ludger Arnoldussen, Member of the Board of Management of the MR Group with responsibility for Africa and Andreas Molck-Ude, Head of the Divisional Unit responsible for Africa at Munich Re, Munich, Kleiner has been instrumental in significantly improving the operational performance of MRoA and in redefining standards in general and corporate culture in particular during his time at the helm. They added that this has put the organization on a solid footing.

"We are convinced that MRoA is in optimal shape for a change of leadership," said Arnoldussen.

In May, MRoA posted strong underwriting results for the third year running. Its net income after tax for 2006 amounted to R242 million on a gross premium income of R2.5billion.

MRoA will begin the selection of a new CEO with immediate effect and the board of management of parent company Munich Re will finalize the nomination by mid September.