Hannover Re announced that Jean-Jacques Henchoz has stepped into the role of chief executive officer, succeeding Ulrich Wallin who is retiring.
Prior to joining Hannover Re, Henchoz had been in charge of the region Europe, Middle East and Africa (EMEA) at Swiss Re, where, starting in 2011, he was responsible for both the life and non-life business of Swiss Re in this region. In January 2012, he was appointed as a member of the executive committee of the Swiss Re Group in this capacity.
He had previously served with Swiss Re in a number of different positions since 1998, including in the role of CEO of the subsidiary Swiss Re Canada in the period between 2005 and 2010. Henchoz holds a Bachelor of Arts in Political Science and a Master of Business Administration from the International Institute for Management Development (IMD), Lausanne. He is a Swiss citizen.
Henchoz’s appointment was first announced in August 2018.
In his address to shareholders, the departing Chief Executive Officer Ulrich Wallin looked back on 2018’s financial year when group net income increased by 10.5 percent to €1.1 billion.
“With this result Hannover Re has delivered a double-digit return on equity for the tenth consecutive year and thereby clearly demonstrated its sustained profitability,” said Herbert Haas, Chairman of Hannover Re’s Supervisory Board, noted.
Haas thanked Wallin not only for the good 2018 result but also for “his outstanding entrepreneurial achievement over the past 19 years.”
Source: Hannover Re
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