MS Reinsurance, the global reinsurer, today announced the appointments of Mrs. Yasuko Fukuda and Dr. Frank Ellenbürger as third shareholder representative director and fourth independent director respectively, to its Supervisory Board of Directors, effective April 24, 2024. Dr. Ellenbürger will also become Chair of the Company’s Audit Committee. Their election to the Board remains subject to approval by the Swiss Financial Market Supervisory Authority (FINMA).
Mrs. Fukuda is an industry veteran with more than three decades of experience and is a longstanding member of the MS&AD Insurance Group. In her most recent role as MSI’s Managing Executive Officer, she was responsible for Accounting and International Supervisory. During her tenure, she also has held several leadership positions in Finance and Corporate Planning.
Dr. Ellenbürger is an international leader, board member and advisor. He has significant international experience having served major global insurance groups in various countries. In his role at KPMG, he was Global and European Head of Insurance, developing and executing the global growth strategy. Dr. Ellenbürger has extensive experience in technical accounting, corporate governance and change management. He was member of EIOPA's stakeholder group and served as chairman of the insurance working group of Accountancy Europe.
MS Reinsurance Chairman Martin Albers commented: “The Board is pleased to welcome Yasuko and Frank to MS Reinsurance’s growing business. As our company matures and experiences new challenges, Yasuko’s extensive experience from years of dedicated service to MSI and Frank’s consulting expertise and widespread knowledge of the global insurance sector will be highly valued assets and will contribute meaningfully to supporting MS Reinsurance’s ongoing strategic development.” Mr. Albers also thanked Robin Adam for his contributions since joining the Company’s Supervisory Board.
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MS Reinsurance is a global reinsurer domiciled in Switzerland with underwriting offices in Zurich, Bermuda, Miami, and New York. The Company underwrites non-life treaty reinsurance solutions on a worldwide basis through its three business units: Americas, International, and Specialty Lines. As part of the world-leading insurance group MS&AD, MS Reinsurance combines reliability and agility to make its clients' businesses stronger. With a drive to move quickly and a commitment to long term partnership, MS Reinsurance supports its partners with the momentum and stability they can build on.