12 November 2018Insurance

GFIA reveals new president replacing Kempthorne

The Global Federation of Insurance Associations (GFIA) has elected Recaredo Arias as its new president and a member of its executive committee.

Arias, who is director general of the Mexican Association of Insurance Companies (AMIS), takes over from Dirk Kempthorne, who stepped down in August 2018 after leaving his role as president and CEO of the American Council of Life Insurers.

Don Forgeron, president and CEO of the Insurance Bureau of Canada, will take over Arias’s previous role as vice-president.

In addition, Rob Whelan, executive director and CEO of the Insurance Council of Australia (ICA), has stepped down as membership executive. This role has been taken over by Tim Grafton, CEO of the Insurance Council of New Zealand.

The mandates of two other GFIA ExCo members have been renewed for two years, including Toyonari Sasaki, vice chairman of the Life Insurance Association of Japan, as treasurer, and Bachir Baddou, general manager of the Moroccan Insurance Association, as regional representative.

Michaela Koller, director general of Insurance Europe, will remain secretary general, as her mandate was not up for reappointment.

Arias commented: “I am honoured to take over the role of president and serve the institution of insurance, at such a crucial time for the global insurance industry. I wish to give my heartfelt thanks to Dirk for his brilliant contribution as an advocate for our industry. I look forward to playing a pivotal role in ensuring that the voice of insurers continues to be heard at the highest levels of international debate.”

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

More of today's news

California faces multi-billion-dollar wildfires losses

Enstar enters $2.7bn retro deal with Maiden

Maiden widens loss in Q3 due to AmTrust

Hannover Re’s Gräber dies aged 62

AXIS expects up to $120m loss from hurricane Michael

Talanx Q3 profits up despite industrial lines losses

Fitch praises Tokio Marine's reinsurance units’ sale

BMS makes senior energy hire from Price Forbes

Don't miss our insurtech email newsletter - sign up today

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
18 May 2018   The American Council of Life Insurers (ACLI) has appointed Susan Neely as president and CEO, succeeding Dirk Kempthorne, who has stepped down after eight years at the helm of the ACLI.