Victor Pascucci III has departed from his partner position at Munich Re's corporate venturing division to head up venture firm Lightbank as managing partner.

Victor Pascucci III has left reinsurer Munich Re, where he worked as a partner in its corporate venturing division, to join US-based venture capital firm Lightbank as managing partner.

Pascucci joined Munich Re in June 2016 from financial services firm USAA where, as head of corporate development, he had run its $330m strategic VC initiative.

Prior to being hired by Lightbank, Pascucci was a board member of one of its portfolio companies, online insurance claims platform Snapsheet, for which he…