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Munich Re Life US Names Scot Parnell Chief Financial Officer

Munich Re Life US Names Scot Parnell Chief Financial Officer

NEW YORK–(Organization WIRE)–Foremost lifestyle reinsurer Munich Re Everyday living US has appointed 30-furthermore-year finance veteran Scot Parnell as its Chief Monetary Officer.

The New York-dependent Parnell, who studies to Munich Re Life US CEO, Marc Giguère, is accountable for overseeing the company’s Finance and Corporate Actuarial features, which manages valuation, money reporting and investigation, expenditure and capital administration, and M&A activity. Parnell will partner intently with the Life US executive leadership workforce to push financial organizing and suggest on the strategic economic direction of the organization to make sure sustainable, financially rewarding advancement.

“Scot’s shown and strong money acumen, collaborative approach and established leadership mix to make him a huge suit for this important function,” mentioned Giguère. “I look forward to Scot and his team’s contributions as we carry on to reinforce our reinsurance company through the U.S.”

Parnell joins Munich Re Daily life US from DailyPay, exactly where he served as CFO and played an integral part in primary the company’s attempts in the on-demand from customers fork out field. He has also held money leadership roles in just TIAA’s retail and institutional divisions, as very well both equally the Crump Team and Scholar Personal loan Company.

“Munich Re Life US is so hugely regarded – they are the leader in the lifestyle reinsurance marketplace,” explained Parnell. “We have a great team of industry experts in put. I am honored to sign up for and keen to function alongside one another so we can achieve each individual even greater heights.”

A accredited CPA, Parnell acquired his BBA from The College of Texas at Austin’s McCombs University of Business enterprise and gained his MBA from Columbia Organization Faculty.

About Munich Re Daily life US

As one particular of the leading daily life reinsurers in the United States, Munich Re Lifestyle US partners with lifetime insurers to leverage clever and related knowledge, embrace new concepts and systems, make self-confident decisions at velocity and scale, and obtain an exponential being familiar with of underlying challenges. Munich Re Lifetime US is very well recognised in the marketplace as an innovation leader with intensive specialized depth. Munich Re Existence US’ optimized solutions and cash management skills grow outside of current market main offerings in personal existence, team, person incapacity and residing advantages reinsurance, to a world center for predictive analytics, automated underwriting, electronic partnerships and normal-setting underwriting and healthcare capabilities. Munich Re Life US thinks the digital economy offers an unparalleled opportunity for the everyday living insurance marketplace to speedily advance possibility assessment and close the widening world wide underinsured hole.

Munich Re Lifetime US, incorporated as Munich American Reassurance Firm, is a subsidiary of Münchener Rückversicherungs- Gesellschaft Aktiengesellschaft in München (“Munich Re”). It has significant scores for monetary power from A.M. Greatest Business and Requirements & Poors. Munich Re Existence US serves shoppers through the United States from its two spots in New York and Atlanta.

About Munich Re

Munich Re is a single of the world’s foremost vendors of reinsurance, main insurance and insurance policies-linked threat answers. The group is made up of the reinsurance and ERGO business enterprise segments, as perfectly as the cash investment organization MEAG. Munich Re is globally active and operates in all lines of the insurance plan business. Its tailor-designed answers and shut proximity to its prospects make Munich Re one particular of the world’s most sought-just after hazard partners for enterprises, establishments, and personal folks.