Mary Forrest honored as one of Business Insurance 2015 Women to Watch
ATLANTA, Dec. 15, 2015 /PRNewswire/ - Mary Forrest, President and CEO of Munich Re North America (Life), has been named one of 25 Women to Watch by Business Insurance. The award recognizes women leaders for their professional accomplishments, expertise, leadership and future career prospects in the insurance and related industries.
This is Ms. Forrest's first nomination for this award. For the past two years,
Ms. Forrest was named One of Canada's Top 100 Most Powerful Women. She is also the first female executive to the head the Canadian Life and Health Insurance Association (CLHIA), the national association representing Canada's life and health insurance sector.
Ms. Forrest oversees the two largest Life reinsurance business units within the Munich Re Group. She is responsible for Munich Re's Life reinsurance operations in the United States, Canada, and the Caribbean. The North American organization employs over 400 people.
"This award means a great deal to me, and I am proud to be included among this prestigious group of women who are driving our industry," said Ms. Forrest. "Receiving this award would not be possible without a great North American team. I am honored for the recognition and for the opportunity to lead our Life reinsurance business, and shape the industry of tomorrow."
Now in its 10th year, Business Insurance's Women to Watch Awards & Leadership Conference is the only recognition program that celebrates leading women from every facet of the commercial insurance industry in the U.S. The program was created to recognize leading women in commercial insurance, risk management, employee benefits and related fields such as consulting and law.
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About Munich Re
Munich Re stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. This is how Munich Re creates value for clients, shareholders and staff. In the financial year 2014, the Group – which combines primary insurance and reinsurance under one roof – achieved a profit of €3.2bn on premium income of over €48bn. It operates in all lines of insurance, with over 43,000 employees throughout the world. With premium income of around €27bn from reinsurance alone, it is one of the world's leading reinsurers. Especially when clients require solutions for complex risks, Munich Re is a much sought-after risk carrier. Its primary insurance operations are concentrated mainly in the ERGO Insurance Group, one of the leading insurance groups in Germany and Europe. ERGO is represented in over 30 countries worldwide and offers a comprehensive range of insurances, provision products and services. In 2014, ERGO posted premium income of €18bn. In international healthcare business, Munich Re pools its insurance and reinsurance operations, as well as related services, under the Munich Health brand. Munich Re's global investments amounting to €227bn are managed by MEAG, which also makes its competence available to private and institutional investors outside the Group.
This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.
Atlanta, Georgia, 15 December 2015
SOURCE Munich Re North America (Life)