Brona Magee to replace Klaus Miller on Hannover Re’s board

The Supervisory Board of global reinsurer Hannover Re has appointed Brona Magee to the position of board member. The change will take effect on 1 January 2025.

Magee replaces Klaus Miller on the company’s board of directors, who will remain in an advisory role.

Since April 2023, Magee has successfully overseen the company’s Life & Health Asia Business Center. Together with Claude Chèvre, he will now assume responsibility for the Life & Health Reinsurance business group on the board.

She has more than two decades of experience in the reinsurance industry, having joined SCOR in 2011 as part of the integration of Transamerica Reinsurance. Magee held various international leadership positions before becoming Deputy CEO of SCOR Global Life in 2018.

Miller spent 14 years at Hannover Re, joining the company in 2010. He previously served as Head of Structured Insurance Solutions at Commerzbank before joining Hannover Re’s management board.

He is currently responsible for life and health reinsurance in North America, Bermuda, the UK and Ireland, and Northern, Eastern and Central Europe.

Torsten Leue, Chairman of the Supervisory Board of Hannover Re, commented: “Brona Magee has already successfully leveraged her strengths and experience in our reinsurance business. I wish her every success in her new management role.

“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 utmost commitment. On behalf of the Supervisory Board, I would like to express my sincere thanks to Klaus Miller.”

Jean-Jacques Henchoz, CEO, Hannover Re, said: “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 optimally complements 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.

“With his dedication, personality and specialist knowledge, Klaus Miller has played a key role not only in the development of life and health reinsurance at Hannover Re, but also in shaping Hannover Re as a whole. On behalf of the entire Management Board and our employees, I would like to thank him for his enormous contribution,” Henchoz concluded.