Resolution Re Announces Steve Hales As CEO
Resolution Re, the Bermuda-domiciled reinsurance company within the Resolution Life Group, announced the appointment of Steve Hales as Chief Executive Officer.
Prior to joining Resolution Life Group in 2017 as Executive Director of Europe, Mr Hales was Group Head of Connected Insurance at Assicurazioni Generali where he led Data Science and ‘Internet of Things’ capabilities across the group. He initially moved to Assicurazioni Generali in 2013 to head up its newly-created Global Life business line.
Mr Hales was previously Head of AXA’s Life and Savings business across its Southern Europe, Latin America and MENA markets
Resolution Re completed a $5.7 billion reinsurance transaction with Symetra Life Insurance Company in September 2018. Resolution Re supports the Resolution Life Group in its mission to provide a safe and stable environment for the management of in-force life insurance policies.
Sir Clive Cowdery, Executive Chairman at Resolution Life, commented: “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.”
Steve Hales, CEO of Resolution Re, commented: “I am excited to begin my role heading up Resolution Re. The life insurance industry is going through a deep transformation in a difficult macroeconomic environment.
“By providing a safe harbour for the sector’s existing policyholders, I believe that Resolution Re can genuinely help insurers through these challenging times. The next couple of years promise to be a lot of fun as we expand Resolution Re across different markets across the world.”.
