(Forbes College, Princeton University in Princeton, N.J., home of Munich Health North America. Photo credit: Georgios Michalogiorgakis.)
Munich Re (Munich, Germany) has appointed Juan Serrano president and chief executive officer of Munich Health North America (Princeton, N.J.), the regional division of Munich Health, one of the company’s three business segments. Serrano succeeds Donna Peterson, who is retiring after a 40-year career in the insurance industry.
“Juan is a well-known and widely respected executive in the health industry,” Tom Van den Brulle, chief executive, Reinsurance at Munich Health. “His deep knowledge of the mechanics and pain points of the industry paired with his demonstrated leadership will help us serve our clients in a time of fundamental change in the market. North America is a key region for Munich Health and we are investing in future growth.”
Serrano has over 25 years of experience in health insurance. He previously served as CEO of Prominence Health and Senior Vice President of Payer Strategy and Operations of Catholic Health Initiatives. Before joining CHI, Juan held roles of progressive responsibility within organizations such as WellCare Health Plans, UnitedHealth Group and Prudential.
“This is a great opportunity and I look forward to the challenge of growing the Munich Health business in the U.S.,” Serrano says.