Resolution Life appoints Moses Ojeisekhoba as
President
HAMILTON, BERMUDA - Resolution Life, a global
life insurance group focusing on the acquisition and management of
portfolios of life insurance policies, today announces that it has
appointed Moses Ojeisekhoba as President with effect from October
1, 2024 to deliver the next phase of the Company's growth plans,
working closely with Sir Clive Cowdery, the Founder, Chairman and
CEO. Moses is expected to succeed Clive Cowdery as CEO during 2026
with Clive remaining Executive Chairman of Resolution
Life.
Moses is an accomplished insurance executive
with over 30 years' experience in the sector. He joins from Swiss
Re where he spent over 12 years in multiple senior executive
positions. He was most recently 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
served as 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.
Prior to his roles at Swiss Re, Moses held a
number of senior leadership positions at Chubb Group and Unico
American Corporation. He is a member of the Board of Directors of
Jones Lang LaSalle Incorporated (JLL) and holds a master's degree
in Management from the London Business School and a Bachelor of
Science in Statistics from the University of Ibadan,
Nigeria.
Moses 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 $3bn
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.
Sir Clive
Cowdery, Founder, Chairman and CEO of Resolution
Life, commented:
"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.
"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."
Moses Ojeisekhoba, President designate, commented:
"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."
Notes to
Editors:
About
Resolution Life
Resolution Life is a global life insurance group
focusing on the acquisition and management of portfolios of life
insurance policies. Since 2003 to date, prior Resolution entities
together with Resolution Life have deployed c.$19billion of equity
in the acquisition, reinsurance, consolidation and management of
life insurance companies. Together, these companies have served the
needs of c.14 million policyholders while managing over $385
billion of assets.
Resolution Life today has operations in Bermuda,
the U.K., the U.S., Australia, New Zealand and Singapore, assisting
the restructuring of the primary life insurance industry
globally. Resolution Life provides a safe and reliable
partner for insurers by:
·
Focusing on existing customers, rather than seeking expansion
by new sales
·
Delivering policyholder benefits in a secure, well
capitalised environment
·
Returning capital to our institutional investors in the form
of a steady dividend yield
Visit resolutionlife.com for
more information.
Media Enquiries:
Temple Bar
Advisory
Alex Child-Villiers / Sam Livingstone /
Alistair de Kare-Silver / Juliette Packard
Tel: +44 (0)20 7183 1190 / Email: resolution@templebaradvisory.com