Swiss Re has named Hernan Fatone (pictured above) as head of Southern Europe property/casualty reinsurance, effective Oct. 1.
Fatone will also serve as country president and branch manager of Swiss Re Europe SA for Spain, pending corporate and regulatory approvals.
Fatone, who holds citizenship in Argentina, Italy, and Switzerland, has worked at Swiss Re for over 30 years. His tenure includes roles such as director and key account manager for Global Life & Health, as well as director of L&H underwriting.
Fatone joined Swiss Re in December 1995 and has held several senior positions in underwriting and account management. He holds a bachelor’s degree in economics from UADE and completed a business strategy and financial performance program at INSEAD in 2019.
Swiss Re also announced the promotion of Santiago Arechaga to president of reinsurance Latin America and Caribbean, also effective Oct. 1. Arechaga is currently market head for Southern Europe. He began his Swiss Re career in 2018 as chief executive officer for Iberia and has led the company’s P&C Re business in Southern Europe since early 2023.
Arechaga’s background includes more than 25 years in the insurance sector, with experience in both property/casualty and life and health. Before joining Swiss Re, he held positions at Aegon Seguros, including technical director and chief risk officer.
“These appointments reflect Swiss Re’s commitment to strengthening its leadership in key markets,” a company spokesperson said. The company stated that both Fatone and A
In a separate leadership move, Swiss Re recently appointed Robin Spencer as chief operating officer for its Life and Health Reinsurance business unit. Spencer, based in London, is tasked with overseeing global L&H Re operations, focusing on operational efficiency and the integration of technology-driven solutions.
Spencer brings over 20 years of experience in global insurance, having previously held leadership roles at Prudential Asia and Prudential Thailand.
The company also reported a net income of US$2.6 billion for the first half of 2025, with its property and casualty reinsurance unit driving much of the gain. The Life and Health Re business contributed US$839 million in net income.
Despite a slight decrease compared to the previous year due to adjustments in contractual service margins, Swiss Re maintained its full-year net income target of US$1.6 billion for the L&H Re unit, signaling continued confidence in the business.
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