Insurance Europe adds two major names to reinsurance advisory board

Insurance Europe adds two major names to reinsurance advisory board | Insurance Business New Zealand

Reinsurance

Insurance Europe adds two major names to reinsurance advisory board

SCOR and Lloyd’s heads to take on chair and vice chair roles

Reinsurance

By
Kenneth Araullo

SCOR CEO Thierry Léger (pictured above left) and Lloyd’s CEO John Neal (pictured above, right) have been appointed chair and vice-chair, respectively, of Insurance Europe’s Reinsurance Advisory Board (RAB).

Thierry Léger succeeds Gen Re’s Charlie Shamieh, who has held the RAB chairmanship since June 2023. Léger, with 25 years of experience in the reinsurance industry, has been CEO of SCOR since May 2023.

The change in leadership also coincides with the new European Parliament and Commission entering office, marking a crucial time for the industry. Insurance Europe noted that maintaining competitiveness is essential for Europe’s insurance sector amid significant challenges.

“I am honored to serve as the RAB’s chair and would like to express my gratitude to Charlie for his leadership over the past year,” Léger said. “While the world is experiencing multiple transitions all at once (geopolitical, ecological, digital), I’m looking forward to working with John and my fellow RAB members. Together, we will continue to promote an open and thriving reinsurance market in which risks can be diversified globally, and to educate stakeholders on the power of reinsurance to protect societies in these challenging times.”

Meanwhile, John Neal, CEO of Lloyd’s of London since 2018, will serve as vice-chair of the RAB before succeeding Léger as chair in June 2025.

“I am delighted to take up the position of vice-chair of the RAB and to support the vital and innovative role reinsurers play in mitigating risks in an increasingly uncertain world,” Neal said.

The RAB aims to foster a stable, innovative, and competitive reinsurance market by advocating for regulatory frameworks that support global risk transfer through reinsurance and other insurance-linked capital solutions.

It is represented at the chairman and CEO level by seven major reinsurers: Gen Re, Hannover Re, Lloyd’s of London, Munich Re, PartnerRe, SCOR, and Swiss Re, with Insurance Europe providing the secretariat.

What are your thoughts on this story? Please feel free to share your comments below.