Resolution Re selects new CEO

Resolution Re selects new CEO | Insurance Business

Resolution Re selects new CEO

Resolution Re has appointed Steve Hales as chief executive officer. Hales has worked for several global insurance names prior to joining the Bermuda-domiciled reinsurance arm of the Resolution Life Group.

Hales joined Resolution Life Group in 2017 as executive director for Europe. Prior to that, he was group head of connected insurance at Assicurazioni Generali, where he led the group’s data science and Internet of Things capabilities. He joined Generali in 2013 to lead its newly-created global life business line.

He began his career in 1992 at Tillinghast, now part of Willis Towers Watson, as an actuarial consultant in the London and Madrid offices. Later, he became head of AXA’s life and savings business across its Southern Europe, Latin America and MENA markets.

“Steve is well placed to build our reinsurance business given his previous experience in global life markets and his contribution to the launch of Resolution Life Group,” said Sir Clive Cowdery, executive chairman of Resolution Life.

In September 2018, Resolution Re completed a US$5.7 billion reinsurance transaction with Symetra Life Insurance Company. According to Resolution Re, it supports the Resolution Life Group in its mission to provide a safe and stable environment for the management of in-force life insurance policies.