Munich Re CEO to step down at year-end 2016

Long-standing Munich Re CEO Nikolaus von Bomhard will step down
when his contract expires at the end of the year, according to
German finance publication Manager Magazin.
Von Bomhard, who had headed the carrier since 2004, will turn 60
this year, the maximum age limit for senior executives in
Germany.
After the age of 60, senior executives at German firms may
extend their contract one year at a time. However, sources told the
German publication Von Bomhard had decided against...