new memo employee appointment notice promotion

Rebecca Rycroft has been appointed senior vice president and chief financial officer at Munich Reinsurance Co. of Canada’s life and health insurance division, the company announced on Monday.

Rycroft, based in Toronto, has spent 18 years in international actuarial consulting. Most recently, she was senior principal at Oliver Wyman, where her role included serving as the appointed actuary of various life insurers. Her new appointment is effective Monday.

“Rebecca is well-known within the insurance sector for her energetic leadership, her actuarial expertise, and her commitment to deliver,” said Bernard Naumann, president and CEO of Munich Re, Canada’s life and health division, in a statement. “Under her guidance, the role of chief financial officer will play a greater part in helping our clients navigate the changing regulatory space and grow their business.”

Rycroft is a fellow of the Society of Actuaries and the Canadian Institute of Actuaries, and a Member of the American Academy of Actuaries.

“I am excited to be joining Munich Re and having the opportunity to work with their Canadian team and clients,” said Rycroft, in a statement. “With the changes coming to the insurance industry, there will be many new challenges and opportunities to explore. I look forward to my role in helping to navigate this new environment.”