Munich Re’s Canada life business names new VP, chief underwriter
Munich Re’s Canadian life branch announced that it has named Selena Puttick (pictured) as vice president and chief underwriter.
In her new role, Puttick will be responsible for Munich Re’s underwriting function, which offers underwriting and individual risk assessment services to life and health insurance carriers in Canada, Bermuda, and the Caribbean. She will report to Munich Re, Canada (Life) senior vice president of reinsurance solutions Michael Correa.
An industry veteran with decades of experience, Puttick joins Munich Re from Manulife Financial, where she served for over 33 years in a variety of senior leadership positions. She joined Manulife in 2015 as an AVP and associate chief underwriter.
“Selena is an established and well-respected figure within the Canadian underwriting community, and we are thrilled to have her lead the Canada’s life and health Underwriting team at Munich Re,” said Michael Correa. “Her deep experience and longstanding industry involvement will ensure our team is well-equipped to deliver exceptional value, expertise, and solutions to our clients.”
Correa added that the life insurance industry is evolving quickly, and that as Munich Re looks to the future, Puttick will be instrumental in supporting the company’s vision of “transforming risk assessment through digital innovations.”
“Munich Re is a world-class organization and a leading reinsurer globally, and I am beyond excited to be joining the talented group of people at Munich Re,” said Puttick. “I look forward to partnering with clients and providing them with unique and innovative solutions to help them grow their business.”
For the 2022 financial year, Munich Re posted profit of €3.6 billion, an increase from 2021’s €2.9 billion. During the year, it reported GWP increases of 2.7% to €67.1 billion, up from €59.56 billion in 2021.
