Dr. Thomas Blunck (CEO of the Reinsurance Group, Munich Re) has been appointed the chair of Insurance Europe’s Reinsurance Advisory Board (RAB), alongside Clemens Jungsthöfel (CEO, Hannover Re), appointed as vice-chair for the period 2025-2026.
SCOR’s Thierry Léger and Lloyd’s Patrick Tiernan continue their membership of the RAB, following the transition of their roles to Blunck and Jungsthöfel respectively. RAB members have thanked Léger, Tiernan and their teams for the passion and commitment to the RAB objectives in recent times.
Blunck has been a member of the Board of Management of Munich Re for 20 years and has been the Chair of Reinsurance Committee since 2023. He brings a wide breadth of knowledge and expertise to the RAB, with current responsibility at Munich Re for Data and Analytics, Internet of Things, Corporate Underwriting, Claims as well as Accounting, Controlling and Central Reserving for Reinsurance.
Blunck commented, “I look forward to serving as the RAB's chair and would like to express my gratitude to Thierry and Patrick for their leadership in recent times. Together, with Clemens and my fellow RAB members, we will continue to advocate for open global markets and raise awareness about our vital role in safeguarding societies.”
Clemens Jungsthöfel assumed the role of CEO at Hannover Re in April 2025, having served as CFO and as a Member of the Executive Board since 2020. He brings a wealth of experience to his role at the RAB, having also held previous roles at HDI Global and KPMG. Jungsthöfel will be vice-chair of the RAB before taking over from Blunck as chair in September 2026.
Following his appointment, Jungsthöfel said, “I am honoured to take on the vice-chair role of the RAB and to work with my colleagues to promote the essential work of reinsurers in managing risk during increasingly complex and changing environments.”
The Reinsurance Advisory Board is represented at chair and CEO level by seven of the world’s leading reinsurers: Gen Re, Hannover Re, Lloyd’s, Munich Re, PartnerRe, SCOR, and Swiss Re. Insurance Europe provides the RAB’s secretariat. The RAB works to promote regulatory frameworks that support a stable and competitive reinsurance market and enable efficient global risk transfer through both traditional reinsurance and insurance-linked capital solutions.