Schumacher Appointed CFO at SI Re

Signal Iduna Reinsurance AG (SI Re), a Swiss reinsurer based in Zug, Switzerland, has appointed Patrick Schumacher as its new chief financial officer and member of the executive team.

Schumacher succeeds Beat Landtwing, former CFO of SI Re, who retired after 10 years with the firm.

In his new position, Schumacher will be responsible for technical finance, accounting, investments, taxes, rating agencies and IT.

Schumacher brings 15 years of experience in finance in the reinsurance industry and holds a degree in business economics. He joins SI Re from New Re, where he was head of accounting since 2009, mainly responsible for internal and external reporting and controlling. Prior to that, he was head of portfolio analysis at Swiss Re’s global claims operations as well as head of reporting at Swiss Re Germany in Munich.

Founded in 2004, SI Re is a wholly-owned subsidiary of Signal Iduna Group, a German mutual insurance and financial services company. SI Re is predominately focused on mutual insurers in select European markets.

Source: SI Re