MS Reinsurance has announced the appointments of Yasuko Fukuda and Frank Ellenbürger to its supervisory board of directors, effective April 24, 2024. Fukuda will serve as the third shareholder representative director, while Ellenbürger will take on the role of the fourth independent director.
In addition to his board responsibilities, Ellenbürger will chair the global reinsurer’s audit committee. Both appointments are subject to approval by the Swiss Financial Market Supervisory Authority (FINMA).
Yasuko Fukuda brings over 30 years of industry experience and is a seasoned member of the MS&AD Insurance Group. Most recently, she served as MSI’s managing executive officer, overseeing accounting and international supervision. Her extensive background includes leadership roles in finance and corporate planning.
Frank Ellenbürger is an accomplished international leader with a wealth of experience in the global insurance sector. At KPMG, he served as global and European head of insurance, spearheading the company’s global growth strategy. Ellenbürger’s expertise spans technical accounting, corporate governance, and change management. He has also been a member of EIOPA’s stakeholder group and chaired the insurance working group of Accountancy Europe.
Martin Albers, chairman of MS Reinsurance, welcomed Fukuda and Ellenbürger to the board, noting their roles in supporting the reinsurer’s ongoing growth. Albers also expressed gratitude to Robin Adam for his valuable contributions during his tenure on the supervisory board.
In other recent developments, MS Reinsurance received upgraded financial strength ratings from AM Best, with the reinsurer receiving an A+ (Superior) from A (Excellent), and a long-term issuer credit rating of “aa-” (Superior) from “a” (Excellent), with a stable outlook for these ratings.
