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Swiss Re Ltd. has appointed Frank O'Neill as CEO of its U.K. and Ireland operations, effective immediately, the reinsurer announced Tuesday.
Mr. O'Neill replaces Russell Higginbotham, who was appointed head of life and health reinsurance products at Swiss Re in October.
Mr. O'Neill formerly was CEO of Swiss Re's Middle East and Africa operations.
“We are delighted that Frank will be leading our U.K. and Ireland business. It is a market that is undergoing tremendous change, and new opportunities are emerging all the time for industry participants,” Jean-Jacques Henchoz, CEO of reinsurance for the Europe, Middle East and Africa region at Swiss Re, said in a statement.
Mr. O'Neill will be based in London.
LONDON — Demand for primary nonlife insurance likely will increase in the next two years, according to Swiss Re Ltd.'s chief economist, Kurt Karl.