Felix Lipov/shutterstock.com_435583546
16 September 2024News

Resolution Life taps Swiss Re for CEO-designate

Resolution Life has appointed a senior Swiss Re executive as president of the company. 

The Bermuda-registered company, which also has a Bermuda reinsurer, said Moses Ojeisekhoba would join as president with effect from October 1 and is expected to succeed Sir Clive Cowdery as CEO during 2026 with Clive remaining as executive chairman of Resolution Life.

Ojeisekhoba has over 30 years' experience in the sector. He spent 12 years at Swiss Re, most recently as CEO Global Clients & Solutions where, amongst other things, he was responsible for managing relationships with some of Swiss Re's key clients. Before this, he was CEO Reinsurance and was instrumental in developing this division into its strong industry position today. Prior to this, he was CEO Reinsurance Asia and Regional President Asia and significantly grew its business in this region.

Ojeisekhoba previously held a number of senior leadership positions at Chubb Group and Unico American Corporation. 

He will be responsible for the leadership of the commercial, market-facing division of Resolution Life and will drive the strategy, growth, profitability, and value creation of the business.

His appointment comes on the back of strong momentum for Resolution Life in the last 12 months having finalised strategic partnerships with Blackstone and Nippon Life, raised $3 billion in equity capital, completed three reinsurance transactions, launched an inaugural $500 million Tier 2 listed debt issuance, and acquired Suncorp's New Zealand life insurance company, Asteron Life.

"We are delighted to welcome Moses as President at this pivotal time in our journey as we continue to grow and pursue our mission of being a long-term partner to the global primary life industry," Sir Clive said. "Moses is an exceptional and highly regarded executive. I have long admired his proven leadership and operational experience, and I am confident that he will be invaluable to Resolution Life as we embark on our next phase of growth."

Ojeisekhoba said: "I am very excited to be joining Resolution Life with its excellent track record and I have been impressed by Resolution's pioneering accomplishments over the past 20 years and its leading position in the global life and annuity consolidation market.

"I am confident that Resolution Life has an extremely bright future and I look forward to working closely with Clive, the senior leadership team and all my colleagues in capitalising on the opportunities ahead of us to protect the financial futures of our policyholders and create value for our other stakeholders."

Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.