Jean-Jacques Henchoz, Member of the Board of Management at Talanx AG with responsibility for the Reinsurance division, will not extend his expiring contract and will depart from the Board on 31 March 2025, with Clemens Jungsthöfel, Chief Financial Officer and designated CEO of Hannover Re, set to assume these responsibilities from 1 April 2025.
This follows the announcement that Henchoz, who has led Hannover Re since 2019, will be stepping down from his role as CEO of the reinsurer, with Jungsthöfel also set to succeed him as CEO, effective 1 April 2025.
Henchoz will reportedly maintain a close association with Hannover Re and its parent Talanx. According to the Group, Jungsthöfel has proven his “exceptional expertise” in recent years as CFO of Hannover Re and the corporate and specialty insurer HDI Global, as well as a partner at auditing and consulting firm KPMG, where he exclusively advised primary insurance and reinsurance companies.
Herbert K. Haas, Chairman of the Supervisory Board of Talanx AG, commented, “We very much regret Jean-Jacques Henchoz’ decision. He has led the Reinsurance division very successfully with great strategic foresight through times which have often been turbulent, and he has further significantly expanded the market position and profitability of Hannover Re.
“I would like to thank him most sincerely for his commitment, also on behalf of the Supervisory Board, and wish him all the best and every success for the next chapter in his career. I would also like to take this opportunity to wish his successor Clemens Jungsthöfel every success in his new role.”
Torsten Leue, Chairman of the Board of Management of Talanx AG, said, “The entire team on the Board of Management has greatly enjoyed working together with Jean-Jacques and very much regrets his decision.
“Jean-Jacques enriched the Talanx Board of Management and the Group as a whole through his highly entrepreneurial approach, his great foresight and his team spirit.
“I would like to wish him every success and all the best in the next chapter of his career. His successor Clemens Jungsthöfel is a seasoned insurance expert who combines an engaging personality with strong strategic capabilities and exceptional proximity to customers and the market.”
