MS Reinsurance appoints new board administrators

MS Reinsurance has introduced the appointments of Yasuko Fukuda and Frank Ellenbürger as third shareholder consultant director and fourth unbiased director, respectively, to its supervisory board of administrators, efficient from April 24, 2024.

As a part of the appointments, Ellenbürger may also change into chair of the worldwide reinsurer’s audit committee. Each Fukuda’s and Ellenbürger’s election to the board is pending approval by the Swiss Monetary Market Supervisory Authority (FINMA).

Fukuda brings over three a long time of trade expertise and is a longstanding member of the MS&AD Insurance coverage Group. In her current position as MSI’s managing government officer, she oversaw accounting and worldwide supervisory. She has additionally held management positions in finance and company planning.

Ellenbürger is a global chief, board member, and advisor with important expertise serving main world insurance coverage teams. At KPMG, he was world and European head of insurance coverage, the place he developed and executed the worldwide development technique.

Ellenbürger has experience in technical accounting, company governance, and alter administration. He was a member of EIOPA’s stakeholder group and chaired the insurance coverage working group of Accountancy Europe.

MS Reinsurance chairman Martin Albers welcomed each additions to the board because it steps as much as meet the reinsurer’s continued development.

“The board is happy to welcome Yasuko and Frank to MS Reinsurance’s rising enterprise. As our firm matures and faces new challenges, Yasuko’s in depth expertise and Frank’s consulting experience and information of the worldwide insurance coverage sector can be helpful property that may contribute meaningfully to supporting MS Reinsurance’s ongoing strategic improvement,” he stated.

Albers additionally thanked Robin Adam for his contributions since becoming a member of the supervisory board.

In different current developments, MS Reinsurance obtained upgraded monetary energy rankings from AM Finest, with the reinsurer receiving an A+ (Superior) from A (Wonderful), and a long-term issuer credit standing of “aa-” (Superior) from “a” (Wonderful), with a secure outlook for these rankings.

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