Global reinsurer Munich Re has announced the appointment of Rebecca Rycroft as Chief Financial Officer (CFO) of its Canada (Life) business, effective 4 January 2027.
Based in Toronto, Rycroft will report to Michael Correa, President and CEO of Munich Re, Canada (Life).
She rejoins Munich Re after more than five years as Senior Vice President and Chief Financial Officer of Empire Life Insurance Company of Canada.
Prior to that, Rycroft served as Chief Financial Officer of Munich Re, Canada (Life), leading its Finance, Corporate Actuarial and Tax functions and overseeing financial reporting, valuation, solvency and capital planning. During this time, she also supported strategic initiatives, including the acquisition of Group Health Group Holdings, Inc.
Before joining Munich Re, she spent more than a decade with Oliver Wyman, advising life insurers on actuarial, financial and strategic matters.
“We are thrilled to welcome Rebecca back to Munich Re,” said Correa. “Rebecca brings a unique combination of deep actuarial and financial expertise, strategic perspective and firsthand knowledge leading finance teams within the Canadian insurance/" style="color:#c0392b;font-weight:700;text-decoration:underline;" class="hta-topic-link">life insurance and reinsurance markets.”
Rycroft added, “I’m excited to return to Munich Re at such an important point in the company’s journey. I have tremendous respect for the organisation, its people and the strength of its business in Canada. I look forward to bringing the experience and perspective I’ve gained over the past several years back to Munich Re and working with the team to support the company’s continued growth and long-term ambitions.”
