SCOR CEO Thierry Léger and Lloyd’s CEO John Neal have been appointed respectively chair and vice-chair of Insurance Europe’s Reinsurance Advisory Board (RAB).
Thierry Léger takes over from Gen Re’s Charlie Shamieh, who has held the RAB chairmanship since June 2023. Léger has 25 years’ experience in the reinsurance industry and has been Chief Executive Officer of SCOR since May 2023. With the new European Parliament and Commission about to enter into office, the change of chairmanship comes at a pivotal time. In light of the significant challenges the industry is facing, ensuring its competitiveness must remain a priority for Europe.
Léger commented, “I am honoured to serve as the RAB's chair and would like to express my gratitude to Charlie for his leadership over the past year. 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”.
John Neal is currently Chief Executive Officer of Lloyd’s of London, a position he has held since 2018. Neal will be vice-chair of the RAB before taking over from Léger as chair in June 2025.
Following his appointment, Neal said, ‘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.”
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.