Munich Re has announced the appointment of Hanh Nguyen as Head of Treaty Property & Casualty (P&C) Underwriting for Southeast Asia and India, effective March 1. She succeeds Joachim Zagrosek, who has been named Head of Property and Casualty Treaty Underwriting for Germany. In her new role, Nguyen will be based in Munich.
Nguyen joined Munich Re as a Regional Property Treaty Manager within the Southeast Asian & Japan regional underwriting team. Since July 2024, she has served as Deputy Head of Treaty P&C Underwriting for Southeast Asia and India. With 19 years of reinsurance experience across multiple Asian markets, she brings extensive industry expertise to her new position.
Commenting on her appointment, Nguyen highlighted the significance of underwriting discipline in the region, particularly in light of events such as Hurricane Yagi, which underscore the vulnerability to natural catastrophes.
Munich Re’s expansion in the treaty P&C segment aligns with broader market trends, as insurance risks in the region remain lower compared to global peers, according to a report from Moody’s. However, P&C insurers in the Asia-Pacific (APAC) region face heightened asset risks relative to their counterparts in the United States.
The report also notes that APAC insurers have been proactively reducing exposure to equity and credit risks while reallocating capital to support diversified business growth. This strategic shift enhances capital efficiency and strengthens resilience amid evolving market dynamics.
Beyond its treaty P&C expansion in the region, Munich Re recently announced another key leadership change, appointing Christa Schwimmer as Chief Executive for its Specialty Reinsurance, Lloyd’s, and Bermuda operations. A veteran of over two decades at Munich Re, Schwimmer previously served as Senior Executive Manager for the Lloyd’s and Bermuda businesses before stepping into her new role.
These leadership appointments reflect Munich Re’s commitment to reinforcing its underwriting capabilities and expanding its footprint across key global markets.
