Swiss Re said it is proposing a prominent former Axa executive and private equity adviser to its board, bringing the total members to 12.
The Zurich-based reinsurer said it will propose Jacques de Vaucleroy to its board as a non-executive and independent member at its next shareholder meeting in April.
The 55-year-old Belgian native has dual ties to the insurance and retail industry. He was head of French insurer Axa's Northern, Central and Eastern European business until last month. Prior to that, he spent 24 years at ING Group, including in the Dutch firm's top management.
Delhaize Ties
Vaucleroy, who announced in December that he was leaving Axa to pursue outside opportunities, is a board member of Belgian retailer Delhaize, where has has ties to the founding family. He is also an adviser to private equity firm CVC Capital partners.
«His deep experience in our industry, and the primary life business in particular, will make a great fit for Swiss Re — especially as we continue to further evolve our Life Capital Business Unit,» Swiss Re Chairman Walter Kielholz said in a statement.
