100 influential women in re/insurance


“Setting and executing strategy in such a large, challenging and dynamic market means there is never a dull moment.”


Name:


Pina Albo


Company: Munich Re Group Job:


Member of the board of management


Timeline: 2014—Member of the board of management, Munich Re Group 2009—President of reinsurance division, Munich Re America 2008—President of national clients division, Munich Re America 2004—Executive head of department, UK and Ireland, Munich Re 2001—Head of casualty operations, Munich Re of Canada/Temple Insurance Company 1998—Head of casualty, North America/UK and International D&O/EPL, Munich Re 1995—D&O underwriter 1992—Claims expert, Munich Re


Pina Albo studied languages at the University of Winnipeg/ Canada, and law at universities in Canada (Toronto) and France (Aix-en-Provence). She began her career in 1987 as a lawyer with the Canadian firm Torys LLP. In 1992, she joined Munich Re, working as a claims expert until 1995, and then as a D&O underwriter until 1998. She then became head of Casualty North America/UK and International D&O/EPL. In 2001, Albo took over as head of casualty operations for the Munich


Re of Canada/Temple Insurance Company in Toronto. In 2004, she moved to Munich, where for four years she was executive head of department UK and Ireland. In early 2008, she transferred to Munich Re America, where she first became president of the national clients division and then, in June 2009, president of the reinsurance division. As of October 2014, Albo has been a member of Munich Re’s


board of management. Her area of responsibility is Europe (except Germany) and Latin America.


What has been the highlight of your career so far? Working at Munich Re for over 20 years has afforded me plenty of


10 | INTELLIGENT INSURER | 2015


opportunity and consequently a number of highlights along the way. The biggest is my current role as president of the reinsurance division of Munich Re America. Setting and executing strategy in such a large, challenging and dynamic market means there is never a dull moment.


What has been the biggest challenge you have


encountered? I have held a number of roles in Munich Re including two leadership positions in business operations outside of our head office in Munich, namely Canada and the US. The challenge in such cases is both personal and professional. On the personal front, it involves uprooting family, saying goodbye to friends and familiar places and setting up anew. On the professional side, it involves coming into a market from the ‘outside’ and ‘behind’ (so to speak) and having to understand the new business environment, its challenges, opportunities, clients, etc, quickly and well enough to feel you can add value and be respected as a leader.


What are your career aspirations now? I really enjoy working in our industry and my current role and do not have any specific aspirations for my next one. That said, I do believe that our industry offers significant opportunity and that there is always room for growth within the Munich Re family.


www.intelligentinsurer.com


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