Canada Life Reinsurance has appointed Eamon Loughnane as the new leader of its global property and casualty (P&C) business unit.
Loughnane will succeed Gabriel Kelly, who is set to retire after a 33-year tenure with the company.
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Kelly oversaw the P&C sector since the early 2000s.
Loughnane has a background in the company’s life reinsurance business in Europe and worked on a “framework for developing, assessing, and executing” new structures.
His transition into the role will be supported by Kelly, who will continue to oversee the P&C business until 30 March 2025, the company said.
Following this, Kelly will dedicate three months to assist with a transition.
Canada Life Reinsurance CEO Jeff Poulin said: “We are immensely grateful for Gabriel’s unwavering commitment, dedication and loyalty. His leadership has been a driving force behind our success, and we look forward to celebrating his extraordinary career as he approaches retirement.”
“I couldn’t be more pleased to have Eamon take on this new role. I have every confidence he will continue to build on our success and capitalise on the opportunities we have before us.”
Canada Life Reinsurance global COO Reinsurance Derek Popkes stated: “It is an honour to have worked with Gabriel over the past 25 years. I could not be more excited about the prospects for the P&C business and team he has built.”
Canada Life Reinsurance offers a range of risk and capital management solutions covering mortality, longevity, health and lapse risks for insurers, reinsurers and pension funds globally.
The division operates under the Canada Life Assurance Company and its subsidiaries and affiliates, serving clients across the US, Europe, Middle East and Asia.
