Leading life reinsurer Munich Re Life US has appointed 30-plus-year finance veteran Scot Parnell as its Chief Financial Officer. The New York-based Parnell, who reports to Munich Re Life US CEO, Marc Giguère, is responsible for overseeing the company’s Finance and Corporate Actuarial functions, which manage valuation, financial reporting and analysis, expense and capital management, and M&A activity. Parnell will partner closely with the Life US executive leadership team to drive financial planning and advise on the strategic financial direction of the company to ensure sustainable, profitable growth.
“Scot’s demonstrated and strong financial acumen, collaborative approach and proven leadership combine to make him a tremendous fit for this vital role,” said Giguère. “I look forward to Scot and his team’s contributions as we continue to strengthen our reinsurance business throughout the U.S.”
Parnell joins Munich Re Life US from DailyPay, where he served as CFO and played an integral role in leading the company’s efforts in the on-demand pay industry. He has also held financial leadership roles within TIAA’s retail and institutional divisions, as well as both the Crump Group and Student Loan Corporation.
“Munich Re Life US is so highly regarded – they are the leader in the life reinsurance industry,” said Parnell. “We have a great team of professionals in place. I am honored to join and eager to work together so we can reach each even greater heights.”
A licensed CPA, Parnell received his BBA from The University of Texas at Austin’s McCombs School of Business and earned his MBA from Columbia Business School.Source: Businesswire