Finance & Capital Market

Saudi Re strengthens board with key appointments

Saudi Reinsurance Company (Saudi Re) has appointed two seasoned reinsurance professionals - Dr Peter Hugger and Mr Marc Maipoux - to its board of directors for a three-year term starting 2020. 
Dr Hugger has diversified experience in the reinsurance market, mainly in Europe, the Middle East, Asia and Latin America. He was the former CEO of Echo Re, Zurich, from 2012-2018 and assumed executive and technical roles in companies such as ACR, Singapore; MSG System, and Gerling Global Re, Zurich. He holds a PhD in Economics from the University of Konstanz in Germany. 
Maupoux is well-known for his rich reinsurance experience, having led the establishment of Exin Re, Zurich, as CEO. He also assumed the role of Senior Vice President, Head of Property Non-Cat Property & Engineering Worldwide for Axis Re Europe, Zurich, from 2003 to 2016. Mr. Maupoux is a fellow of the International Actuarial Association and the Institute of Actuaries of France. 
Fahad Al-Hesni, Managing Director and CEO, Saudi Re, said: “We are very pleased to welcome Dr. Peter Hugger and Mr. Marc Maipoux to the Board. They both have long and successful track records, and have extensive experience in the international reinsurance markets. 
"Saudi Re enjoys a well-diversified board of directors, and we are confident that the new members’ strategic and technical perspectives will be of significance to the Board in leading Saudi Re towards new successes and creating value for our shareholders.” - TradeArabia News Service