DIMA Board Members Elected at AGM, Reports a Successful 2012/13

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Dublin International Insurance & Management Association (DIMA), the representative body for the international re/insurance industry in Ireland, today announces that the DIMA membership has elected five directors to its board at its Annual General Meeting.

DIMA logo

DIMA logo

DIMA CEO, Sarah Goddard, said: “I am delighted to welcome both our new and re-elected directors to the DIMA board. DIMA has had a very busy and very successful year – due in no short measure to the support and enthusiasm of DIMA’s directors and members.”

Stephen Devine, Ann O’Keeffe and David Stafford have been re-elected after retiring on DIMA’s three-year rotation of directors. Stephen Devine, Managing Director, SCOR Global Life Reinsurance Ireland Ltd, continues in his role as DIMA Chairman, while Ann O’Keeffe, Chief Financial Officer, AON Insurance Managers (Dublin) Ltd, has been appointed Chairman of DIMA’s captive sub-committee. David Stafford, Chief Executive Officer, ALD Re Ltd, continues as Chairman of DIMA’s conference sub-committee.

Stephen Hodgins of Marsh Management Services (Dublin) Ltd has been elected to the DIMA board for the first time, alongside Viviana Pascoletti of Berkshire Hathaway Reinsurance (Ireland) Ltd. Viviana has been appointed Chairman of DIMA’s life reinsurance sub-committee, succeeding Debbie O’Hare who has been appointed Vice-Chairman of DIMA.

The DIMA board represents a cross-section of the wide range of DIMA members, including captive managers, life reinsurers, non-life reinsurers and non-life insurers. DIMA also represents life and health insurers, as well as self-managed captive re/insurers.

The DIMA board of directors 2013/14 comprises:

Chairman of DIMA:
Stephen Devine, Managing Director, SCOR Global Life Reinsurance Ireland Ltd

Vice-Chairman of DIMA:
Debbie O’Hare, Managing Director, Hannover Re (Ireland) plc

Treasurer:
Patricia Kavanagh, General Manager, RGA International Reinsurance Company Ltd

Director:
Michael Brady, General Manager, Tokio Marine Global Reinsurance Ltd

Director:
Tim Hennessy, Executive Vice President, International Regulatory & Compliance, AXIS Capital

Director:
Stephen Hodgins, Senior Account Manager, Marsh Management Services (Dublin) Ltd

Director:
Marco Nuvoloni, Head of Compliance, Legal & Risk, Prudential International Assurance plc

Director and Chairman of captive sub-committee:
Ann O’Keeffe, Chief Financial Officer, AON Insurance Managers (Dublin) Ltd

Director and Chairman of life reinsurance sub-committee:
Viviana Pascoletti, Chief Executive Officer, Berkshire Hathaway Reinsurance (Ireland) Ltd

Director and Chairman of non-life reinsurance sub-committee:
Tony Pearson, Chief Executive Officer, RSA Reinsurance Ireland Ltd

Director and Chairman of non-life insurance sub-committee:
Martin Scullion, General Manager, Probus Insurance Company Europe Ltd

Director:
Larry Sherin, Managing Director, Allied Risk Management Ltd

Director and Chairman of conference sub-committee:
David Stafford, Chief Executive Officer, ALD Re Ltd

Director:
Eddy Van Cutsem, Managing Director, RBC Reinsurance (Ireland) Ltd

DIMA CEO, Sarah Goddard, said: “I am delighted to welcome both our new and re-elected directors to the DIMA board. DIMA has had a very busy and very successful year – due in no short measure to the support and enthusiasm of DIMA’s directors and members.”

She added, “One of the highlights of DIMA’s last twelve months was the annual conference, the European Insurance Forum (EIF2013), which took place in May during the Irish Presidency of the European Council. Reflecting Ireland’s strong commitment to Europe, EIF2013 started on Europe Day and featured leading industry figures, politicians and policymakers from Ireland, Europe and further afield. We are looking forward to building on this year’s success to produce another record-breaking conference in May 2014.”

She continued: “Over the course of the past twelve months, DIMA has spearheaded the Irish re/insurance market’s development of a progressive response to the ongoing delays in Solvency II implementation, working with the Central Bank of Ireland to ensure continuous advancement towards a fully risk-based regulatory environment. This was recently further cemented in DIMA’s response to EIOPA’s consultation papers on the Solvency II interim measures proposals.”

Other 2012/2013 DIMA initiatives have included engaging with overseas regulatory bodies on issues such as the Insurance Mediation Directive II and the NAIC Credit for Reinsurance Model Law, as well as collaborating with other re/insurance associations both bilaterally and as a founder member of the Global Federation of Insurance Associations, which engages with bodies such as the G20.

Education and training remain a key focus for DIMA, and members have attended briefings on a wide range of business issues, including IPT, the proposed Audit Directive II, corporate governance, and fitness and probity over the past year. Additionally, DIMA continues to cement its relationship with the University of Limerick, not only through its support of the International Insurance and European Studies BSc, but also through a close collaboration with the University on its new Masters in Risk Management and Insurance.

Commenting on DIMA’s increasing activity in the education arena, Sarah Goddard said, “We are delighted to announce that DIMA has today formally become actively involved in Junior Achievement Ireland, which encourages young people to remain in education and prepare for the world of work.”

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Sarah Goddard
DIMA
+353 (0)1 775 9448
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Amanda Burton
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