African reinsurer One Re appoints new chairman of board

African reinsurer One Re has appointed Nicholas Davenport as chairman of its board with immediate effect, succeeding Gilles Bonvarlet who has stepped down from the role.

In addition to his role at One Re, he is currently the chairman of a Lloyd's managing agent and board member of a French Insurance Company.

Most recently, Davenport was a board member of Chubb Europe. Prior to that, he spent nearly 30 years at Willis, where he was a board member of both group operating companies, wholesale and retail, as well as a number of overseas offices. During this tenure, he was also a director responsible for Africa for a decade.

Andrew Lewis, CEO of One Re, said: "Following a successful 2017 renewal season we are delighted to have Nicholas at the helm to steer us through our next phase of growth which we anticipate will be significant in the next few years.

"Nicholas has an unparalleled knowledge of Africa and many of the friendships that he has forged in the continent over the years have remained strong to this day."

Davenport added: "I am excited about the prospect of working with the One Re team as I can see enormous potential for a new entrant African specialist reinsurer in the coming years."

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