ZURICH (dpa-AFX) - Swiss Reinsurance Co. (SSREY.PK) on Thursday appointed Michel Liès as new Chief Executive Officer as of February 1, succeeding Stefan Lippe. The company also named Moses Ojeisekhoba CEO Reinsurance Asia and Regional President Asia, effective March 15. The Switzerland-based reinsurer also noted that Martyn Parker, currently CEO Reinsurance Asia, will return to Europe. His future role will be announced in due course. Lippe in early December had announced his decision to step down in 2012 from the role he served since February 2009. He was with the company for nearly three decades. The new CEO Liès is currently Chairman Global Partnerships at Swiss Re. He has more than 30 years of Swiss Re experience in the areas of both life and non-life re/insurance. He has served as Swiss Re's Head Client Markets and was a member of the Group's Executive Committee from 2005. Before that he was Head of Europe Division from 2000 to 2005 and Head of Latin America Division from 1998 to 2000. Chairman of the Board Walter Kielholz said, 'Michel M. 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.' Liès added, 'The company is in a healthy state after the successful turn-around, 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.' Swiss Re further said that the new CEO of Reinsurance Asia will report to Christian Mumenthaler, CEO Reinsurance. Ojeisekhoba will also become Regional President, representing the Swiss Re Group in Asia, and join the Group Executive Committee. He joins Swiss Re from U.S.-based property and casualty insurer Chubb Group of Insurance Companies where he has been Head for Asia-Pacific since 2009. In Zurich, Swiss Re shares closed Wednesday's trading at 49.55 Swiss francs, up 0.55 francs or 1.12 percent.
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