NU Online News Service, Jan. 19, 3:08 p.m. EST

Swiss Re today announces that Michel M. Liès, currently chairman global partnerships, has been appointed by the board of directors as the company's new group chief executive officer as of Feb. 1.

A Swiss Re veteran of more than 30 years, Liès succeeds Stefan Lippe, who announced his decision to step down in December 2011.

Liès comments, “The company is in a healthy state after the successful turnaround, and I am fully committed to implementing and further developing the strategy set, advancing our market position. I will ensure that we continue to leverage our exceptional underwriting capacity as well as our clear focus on client centricity.”

Liès has experience in both life and non-life re/insurance from the various roles held at Swiss Re for more than 30 years, according to the company.

Liès previously served as Swiss Re's head client markets, where he was in charge of all client relationships worldwide, and was a member of the group's executive committee from 2005.

The board of directors also announces that Moses Ojeisekhoba will join Swiss Re as CEO, Reinsurance Asia, and Regional President,Asia, effective March 15. Martyn Parker, currently CEO, Reinsurance Asia, will return toEurope.

Walter B. Kielholz, chairman of the board of directors notes that 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.”

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