EQS-News: Hannover Re appoints Brona Magee as successor to Klaus Miller on the board

Hannover Re appoints Brona Magee as Klaus Miller’s successor on the board

• Brona Magee will join the Management Board of Hannover Re from 1 January 2025.
• She will replace Klaus Miller, who will remain with the company in an advisory position.

Hannover, 12 August 2024: The Supervisory Board of Hannover Rück SE has appointed Brona Magee (49) as member of the management board of Hannover Re with effect from 1 January 2025.

She replaces Klaus Miller (64) on the Management Board, who, after 14 successful years at Hannover Re, will remain with the company in an advisory capacity until 2025.

Brona Magee has been successfully overseeing Hannover Re’s Business Center Life & Health Asia since April 2023. Among other duties, she previously served as a member of the Executive Committee at SCOR. At Hannover Re, together with Claude Chèvre, she will assume responsibility for the Life & Health reinsurance business group on the Executive Board.

“Brona Magee has already successfully leveraged her strengths and experience in our reinsurance business. I wish her every success in her new management role,” said Torsten Leue, Chairman of the Supervisory Board of Hannover Re. “She is an outstanding successor to Klaus Miller, who has contributed to Hannover Re’s success over 14 years with his strong thought leadership and the highest level of commitment. On behalf of the Supervisory Board, I would like to express my sincere thanks to Klaus Miller.”

“I am absolutely delighted that in Brona Magee we have gained an experienced leader to join the Hannover Re Board. A qualified actuary with extensive international experience in life and health reinsurance, she is an ideal complement to our management team. Since joining Hannover Re, she has already played a key role in driving the success of our life and health reinsurance business in Asia,” said Jean-Jacques Henchoz, CEO of Hannover Re. “With his dedication, personality and expertise, Klaus Miller has played a key role not only in developing life and health reinsurance at Hannover Re, but also in shaping Hannover Re as a whole. On behalf of the entire Board and our employees, I would like to thank him for his enormous contribution.”

Brona Magee has over 20 years of experience in the reinsurance industry. She joined SCOR in 2011 as part of the integration of Transamerica Reinsurance. She held various international leadership positions before becoming Deputy CEO of SCOR Global Life in 2018.

Klaus Miller has been with Hannover Re since 2010. He was previously Head of Structured Insurance Solutions at Commerzbank before joining the Hannover Re Management Board. His current responsibilities for Life & Health Reinsurance cover the regions of North America, Bermuda, the United Kingdom, Ireland, as well as Northern, Eastern and Central Europe.

Hanover Re is one of the world’s leading reinsurers. It operates all property and casualty and life and health insurance lines and has a global presence with over 3,500 employees. The German business of Hannover Re Group is run by the subsidiary E+S Rück. Founded in 1966, Hannover Re is recognized as a reliable partner for innovative risk solutions, exceptional customer proximity and financial stability. The rating agencies most relevant to the insurance industry have awarded both Hannover Re and E+S Rück outstanding financial strength ratings: Standard & Poor’s AA- “Very Strong” and AM Best A+ “Superior”.

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