Tom De Troch (47) became the new CEO of Fédérale Assurance on the 11th of May 2021. He succeeded Tom Meeus, who has reached retirement age.
Tom De Troch joined Fédérale Assurance in 2014 as a Director Life, overseeing the 2nd and 3rd pillar pension insurance business as well as the short and long-term savings products of branches 21 and 26. One of his main challenges in this role was to achieve growth through value-adding partnerships. Since 2017, Tom De Troch has been a member of the Executive Committee and Managing Director of the Life, Actuarial and Reinsurance activities.
The new CEO’s ambition is to make insurance a simple, understandable and accessible topic for the customer.
Tom De Troch
Donald Wolfs, initially Chief Customer Officer of Mobly, is now the new CEO of the Baloise insurer’s subsidiary dedicated to mobility. He succeeded Hans De Mondt, who is leaving the company. The change was presented as a “joint decision” by Mobly’s Management Board.
Donald Wolfs will be assisted by Alex Pauwels, who has been with the company since day one. He will be responsible for Mobly’s product and technology management. Their mission: to develop further the service offering of a platform for searching, buying and insuring a car.
Belfius’ Board of Directors approved the appointment of Chris Sunt as the new Chairman of the Board of Directors of Belfius. The Board also approved the appointment of two new non-executive directors for a period of 4 years : Peter Hinssen and Bruno Brusselmans. Their appointment allows Belfius to secure the experience of two experts, on the one hand, in the field of Digital & Data, and on the other hand, in the field of IT infrastructure & transformation. These two areas are crucial for the future of the financial sector in general, but also for the innovative developments targeted by the Belfius Strategy 2025. For information purpose, Marc Raisière and Diane Zygas-Rosen have been reappointed as directors for a period of 4 years.
International Association of Insurance Supervisors (IAIS)
Jean Hilgers, Director of the National Bank, became a member of the Executive Committee of the International Association of Insurance Supervisors on the 1st of May 2021. Jean Hilgers has been Director at the National Bank of Belgium since March 1999. His responsibilities include the Prudential Policy and Insurance Inspections Department as well as the Financial Stability, AML Supervision and Prudential Policy for Banks Department .This appointment will allow the NBB to strengthen its role in a number of global projects related to the international framework of insurance supervision, including the development of an International Capital Standard (ICS) and the introduction of a new international framework for the identification and management of systemic risk in the insurance sector (Holistic Framework for Systemic Risk).
Monitoring Board of the IFRS Foundation
The IFRS Foundation Monitoring Board has re-elected Jean-Paul Servais as Chairman for a further two-year term, which will run until April 2023. The FSMA chairman joined the Monitoring Board as a representative of IOSCO, the international organisation of securities commissions, where he has been vice-chairman since 2016.
A week ago, it was announced that Philippe De Longueville was leaving his role as CRO of P&V to join the consultancy company Act-unity as Partner. Act-Unity has declared: “Thanks to [Philippe De Longueville’s] experience and knowledge of the Belgian market, Act-unity is able to position itself even more strongly in actuarial and risk management consultancy services. Moreover, our experience within insurance companies allows us to offer you the opportunity to fill a role of director or key functions in actuarial and risk management.”
According to our sources, his successor is already known. P&V will welcome Nicolas Fauvarque as their new CRO. Nicolas Fauvarque graduated from the master’s degree in Actuarial science from the UCL. He started his career in 2003 at AG Insurance, then joined Bain & Company, and in 2009 he joined the AXA group where he evolved internationally since then, except for a Chief Actuary position at Chubb. His last role was as Chief Product and Transformation Officer at AXA Indonesia.