REG - Resolution Life Grp RLGH Finance Bermuda - Moses Ojeisekhoba appointed as President

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RNS Number : 2983E  Resolution Life Group  16 September 2024

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 (http://www.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
(mailto:resolution@templebaradvisory.com)

 

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