Swiss Re will make two big changes over the coming months, with the appointment of a new Group CEO and a new CEO of Asian Reinsurance.
The board of directors announced that Michel Lies, pictured, will be the new group CEO as of February 1 when he takes over from Stefan Lippe. The board also announced Moses Ojeisekhoba as the next CEO of Reinsurance Aisia, and as Regional President.
Walter B. Kielholz, Chairman of the Board of Directors, said, “Michel M. Liès’ proven track record in reinsurance and broad international experience will support our mission to become the leading player in the wholesale re/insurance industry, while ensuring strategic and operational continuity.”
Mr Liès has been with Swiss Re for over 30 years, working in different areas of life and non life insurance and reinsurance. He is currently chairman of Global Partnerships, where he works on relations between Swiss Re and public stakeholders, governments and NGO’s.
As announced in December 2011, Stephen Lippe has decided to step down as Group CEO of Swiss Re.
“I am extremely excited about assuming the role of Group CEO of Swiss Re,” said Mr Liès. “The company is in a healthy state after the successful turn-around, and I am fully committed to implementing and further developing the strategy set, advancing our market position.”
The other key appointment announced today was Moses Ojeisekhoba as CEO of Reinsurance Asia. Mr Ojeisekhoba will also take on the role of Regional President and will join the group executive committee.
Mr Ojeisekhoba joins Swiss Re from Chubb Group where he was head of Asia Pacific for two years. He was with Chubb for 16 years in various roles in the US, Europe and Asia.
He will replace Martyn Parker who will return to Europe, his exact role still yet to be announced.
“Moses’ strategic leadership, primary market experience and fresh perspective make him ideal to lead Swiss Re Asia into the next phase of growth and strengthen our position as a partner of choice for local, regional and global clients”, Walter Kielholz, Chairman of the Board said.
“I would like to thank Martyn Parker for driving our successful growth story in Asia over the last six years.”