Insurance Europe’s Reinsurance Advisory Board (RAB) has appointed Gen Re chairman Charlie Shamieh as its new chair.
Shamieh becomes chair with immediate effect following the sad death of SCOR chairman Denis Kessler, who had held the position since September 2021. Shamieh had been appointed vice-chair of the RAB earlier this year.
Commenting on his appointment, Shamieh said: “The reinsurance industry continues to face numerous challenges in 2023, despite its 177-year history. I am honoured to have been chosen by my fellow reinsurance industry leaders to continue to lead the RAB in confronting today’s issues following the passing of our friend and legendary industry figure Denis Kessler. My colleagues and I remain dedicated to Denis’ passion and vision of the industry’s role in protecting societies and enabling sustainable economic growth and development.”
Charlie Shamieh has more than 37 years of experience in the life & health and property & casualty insurance and reinsurance industries in the US, Europe and Australasia.
The RAB aims to stimulate and maintain a stable, innovative and competitive reinsurance market environment by promoting regulatory frameworks that facilitate global risk transfer through reinsurance and other insurance-linked capital solutions. It is represented at 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.