Nicolas Limbourg
PresidentThe ACA General Assembly is a special moment where the past meets the future—a time to reflect on the journey so far, honor those who paved the way, and shape the horizons of tomorrow together. The presence of H.E. Gilles Roth, Minister of Finance, fully underscores the significance of this key event.
Following its 69th General Assembly, the ACA Board of Directors elected Nicolas Limbourg, CEO of Vitis Life, as President of the ACA for a two-year term.
With extensive experience in the insurance and wealth management sectors, Nicolas Limbourg succeeds Christian Strasser, Managing Director of Lalux, continuing the ACA’s mission to represent and promote the Luxembourg insurance and reinsurance industry. The ACA warmly thanks Christian Strasser for his dedication and the progress achieved during his presidency.
Holding a Master’s degree in Law from the Catholic University of Louvain, Nicolas Limbourg began his career as a notary candidate before joining the life insurance company Vitis Life, a subsidiary of the Monceau Assurances Group, in 2000. Since 2013, he has served as CEO and Managing Director of Vitis Life S.A.. He also holds several positions within the Monceau Group, acting as Deputy CEO of Mutuelle Centrale de Réassurance in France and as Managing Director of Monceau International S.A. and Sarp Europe in Luxembourg. Actively involved in the development of the Luxembourg insurance sector, he previously served as Vice President of the ACA Board of Directors and currently chairs the International Life Commission.
« It is an honor for me to take on the presidency of the ACA at a time when our industry faces major challenges, particularly in terms of regulation, innovation, and sustainability. I am committed to working alongside our members to strengthen Luxembourg’s competitiveness and attractiveness as a center of excellence for insurance. »
Nicolas Limbourg, President of ACA
The new ACA Board of Directors, composed of 18members, reaffirms its commitment to driving the growth of the sector.
On this occasion, Christian Strasser, Managing Director of Lalux, Marc Lauer, CEO of Foyer Group, and Octavie Dexant, CEO of AXA Luxembourg, have been appointed Vice Presidents of the ACA.
Groupe LALUX – Chief Executive Officer (CEO)
Christian Strasser, CEO of Lalux, holds a Master’s degree in Economics, and started his professional career at BIL in 1994. He has worked in various departments of the bank including Financial Markets, Branch Network, Human Resources, Private Banking and Personal Banking. He joined BIL’s Management Committee in 2010 and in 2012 took over responsibility for the Branch Network, Direct Banking and Marketing. He joined the insurance company Lalux in July 2015 as a member of the Management Board. In January 2016, he was appointed Managing Director of Lalux Assurances and Lalux Assurances-Vie and took over the Chairmanship of the Boards of DKV Luxembourg and Lalux Re.
Groupe Foyer – Chief Executive Officer (CEO)
Managing Director since 15 April 2014. His mandate was renewed in 2022 for a period of 3 years.
Born in 1965, of Luxembourg nationality, Marc Lauer holds a degree in Actuarial Sciences and a degree in Economics.
He began his career at the Commissariat aux Assurances in 1989 and became a member of the Management Committee in 1995.
In 2004, he joined the Foyer Group as Chief Operating Officer. In 2013, he became a director of Foyer S.A. and since the 2014 General Meeting, he has been its Chief Executive Officer.
Mr Lauer is Chairman of the Board of Directors of Foyer Santé S.A. He is a director of Foyer Vie S.A., Foyer Assurances S.A., Wealins S.A. and CapitalatWork Foyer Group S.A. He is also Vice-Chairman of the Board of Directors of the Association des Compagnies d’Assurances (ACA) and President of the Institut National pour le Développement durable et la RSE (INDR).
Mr Lauer is a member of the board of Directors of the Commissariat aux Assurances (CAA), the Union des Entreprises Luxembourgeoises (UEL), Luxembourg For Finance (LFF) and the Luxembourg Stock Exchange (LuxSE). He is a member of the Fédération des Professionnels du Secteur Financier (PROFIL), the Haut Comité de la Place Financière de Luxembourg (HCPF), as well as a founding member of the Institut Luxembourgeois des Actuaires (ILAC) and an effective member of the Luxembourg Chamber of Commerce.
AXA Luxembourg & AXA Wealth Europe – Chief Executive Officer (CEO)
Born in 1984 and of French nationality, Octavie Dexant is a graduate of Sciences-po Paris, Franco-German course. She started her career in insurance as an auditor at PWC for 3 years before joining the Strategy Department of the AXA Group in 2010. In 2014, she became Head of Strategy and then Secretary General of AXA’s global entity dedicated to loan insurance. In 2017, she joined the Commercial Department of AXA Partners, and in 2018, she won ING’s tender for a global digital partnership, and became Deputy CEO of this virtual JV. In 2022, she was appointed CEO of the AXA entities in Luxembourg, and became Vice President of ACA in June 2022.
Octavie Dexant is also a member of the Board of Directors of the Luxembourg Road Safety Association and of the Victor Hugo Association.
E-mail: marc.hengen@aca.lu
Phone : +352 44 21 44 1
Marc Hengen has been ACA’s Managing Director since 2013. A lawyer by training and an insurer by profession, Marc joined the ACA Management Committee in 2010. Marc is also a member of the Haut Comité de la Place Financière, a member of the Executive Committee of the UEL (Union des Entreprises Luxembourgeoises), the Secretary General of AGERE (Association des gestionnaires d’entreprises de réassurances) and a member of the Management Committee and Treasurer of Insurance Europe.
Cardif Lux Vie – Chief Executive Officer (CEO)
Alexandre Draznieks has been CEO of Cardif Lux Vie since 1 September 2022. A graduate of the École Polytechnique de Paris and the École Nationale de la Statistique et de l’Analyse Économique (ENSAE), he started his career in 1994 at INSEE (Institut national des statistiques et études économiques) as a study leader. In 2002, he joined the Treasury Department of the French Ministry of the Economy and Finance as deputy head of the “G7 and summit preparation” office, then as head of the “emerging markets” office. In 2005, he was appointed to the EBRD (European Bank for Reconstruction & Development, London) where he was in charge of the President’s office and then held the position of Director of Official Co-financing. He joined the BNP Paribas Group in 2009 at IRB (International Retail Banking), where he was in charge of strategy. In 2012, he became Head of Northern Europe & Emerging Markets for BNP Paribas Cardif. In 2020, he joined BNP Paribas Cardif France where he was named head of the AEP business unit, a French player in asset-based life insurance.
Convex Europe – Dirigeant Agréé and General Manager
Julie Dubuisson is the Dirigeant Agréé and General Manager of Convex Europe and serves on its board of directors.
Before joining Convex in 2021 to launch the European entity based out of Luxembourg, Julie has spent 18 years working in corporate and specialty Re/insurance including senior roles at Axa Corporate Solutions, AXA Africa Specialty Risks (Lloyd’s Syndicate 6130), Marsh and Swiss Re in North America, Europe, and Africa.
Julie earned a Master of Science in Insurance from Ecole Nationale d’Assurances (Paris) and a Master of Science in Finance from Fordham University – Gabelli School of Business (New York City). She is a dual citizen of Luxembourg and France.
SOGELIFE – Chief Executive Officer (CEO)
Jean Elia has more than 25 years of experience in Insurance, out of which 15 as CEO of leading life insurance companies. He started his career with a UK insurer, before joining Société Générale Assurances in their subsidiary in Lebanon. He was appointed CEO of their subsidiary in Egypt in 2006 and in Morocco in 2009. In 2013 Jean became CEO of SOGELIFE, a leading life insurance company in Luxembourg providing wealth planning solutions across Europe.
Jean Elia has a Doctorate in Business Administration from Business Science Institute and Université Jean Moulin (Lyon III). His thesis “Leadership of Digital Transformation” is a useful guide for leaders in the financial sector to conduct Digital Transformation. He also holds an International MBA from Paris Dauphine University and has advised several insurance companies in the MENA region.
La Mondiale Europartner – Directeur Général
Loïc Le Foll is CEO of La Mondiale Europartner since October 2018. As an actuary, he holds a Master of Business Administration (MBA) from the London Business School. He has spent his entire career within the insurance sector, with more than the half in Luxembourg where he has made an active contribution to developing wealth insurance.
With a strong background, he successively held the positions of Director of Wealth Products and Solutions at Lombard International Assurance and Deputy Managing Director of Swiss Life Luxembourg before joining La Mondiale Europartner.
Since the 1st of December 2022, Loïc Le Foll has joined the Executive Committee of AG2R LA MONDIALE in charge of the whole Wealth Insurance activity, which includes the two entities La Mondiale Partenaire and La Mondiale Europartner.
GENERALI – Chief Executive Officer (CEO)
Paul Lecoublet est le Directeur Général de Generali Luxembourg, compagnie d’assurance vie dédiée à la clientèle patrimoniale à fort potentiel d’investissement (HNWI / UHNWI).
Paul commence sa carrière en 2006 au sein d’Aforge Finance en qualité de chargé d’affaires puis de Manager fusions & acquisitions.
En 2010, il rejoint Generali France en tant que responsable des opérations d’acquisition, fusion et de cession. En 2014, il est promu Secrétaire Général et Membre du Comité Exécutif de GFA Caraïbes, filiale de l’assureur aux Antilles et Guyane. D’avril 2018 à octobre 2019, il occupe la fonction de Directeur du modèle économique et de la stratégie de Distribution de Generali France. Paul est titulaire d’un Master of Science in Management de l’EM Lyon et d’une licence de Sciences Economiques de l’Université de Paris I Panthéon-Sorbonne.
AIG Europe – Head of Legal, EMEA
Diego Manzetti est Dirigéant Agrèe d’AIG Europe et Head of Legal EMEA.
Avant de rejoindre AIG en 2011, Diego a travaillé comme avocat au sein du cabinet international Norton Rose Fulbright.
Diego est titulaire d’une licence en droit de l’Université de Rome 2, d’un Master in Laws (LL.M.) de l’Université de San Diego et d’un MBA de la Luxembourg School of Business.
Il est président de la Section luxembourgeois de l’AIDA (Association internationale du droit des Assurances).
Liberty Mutual Insurance Europe – CFO and Executive Member of the Board
Christian is the General Manager and Executive Member of the Board of Directors of Liberty Mutual Group’s commercial and specialty insurance risk carrier – Liberty Mutual Insurance Europe SE and its coverholders, Liberty Specialty Markets Sarl. Since joining Liberty in 2020, Christian has held the position of Chief Financial Officer and Executive Member of the Board, prior to his appointment as General Manager.
He brings with him over 20 years’ experience in the insurance industry including CFO position at another global insurance/reinsurance entity in Luxembourg. He is a qualified accountant and started his professional career in the audit and consulting industry, with the big 4 in the Philippines, New York, USA and in Luxembourg.
Originally form the Philippines, he has lived in Luxembourg for over 18 years and is an avid triathlete.
Baloise – Chief Executive Officer (CEO)
At the helm of Baloise in Luxembourg since June 2023, Christine Theodorovics has over 23 years’ experience in financial services. Since 2000, she has worked first for Credit Suisse, then for the Swiss Life Group between 2004 and 2010, for whom she held various positions in Asia, the Middle East and Europe (Director of Operational Excellence, Director of Business Development and Director of Quality Management). Christine Theodorovics continued her career with Zurich Insurance Group, from 2011 to 2019, where she held the positions of Member of the Board of Directors of Zurich Germany, Head of Banking Distribution, Head of Life for Zurich Switzerland, Managing Director Global Life Austria. She has a proven track record in management, business transformation, distribution and strategic development. Between 2019 and 2022, she was in charge of steering the AXA Group’s strategy for distribution, innovation and digital solutions, as Chief Strategy Officer, member of the European Executive Committee and member of the Board of Directors in 5 countries.
Also an independent, non-executive member of three boards of directors in financial institutions and a politically independent non-governmental organization, Christine Theodorovics holds a Master of Business Administration from the University of Vienna (Austria), a Master of Arts in European Economic Studies from the Collège d’Europe de Bruges (Belgium) and a Diplôme d’Etudes Supérieures en Banque from the Institut Financier Suisse. She also holds a PhD in Business Administration from the University of Gloucestershire (UK).
Swiss Life (Luxembourg) – Chief Executive Officer (CEO)
Graduating as a Business Engineer in 1994, Karine Verbruggen began her career at Accenture in Belgium. In 1998, she joined Quintet Bank in Luxembourg before transitioning to a career in the local and international medical sector as a Chief Financial Officer. In 2007, IKEA’s family holding company offered her the opportunity to leverage her experience in international projects and implement a network of change professionals in Europe and Asia. She was later recruited by Swiss Life in 2016, where she assumed increasing responsibilities from Business Engineering to Employee Benefits Operations. Following Swiss Life’s acquisition of the elipsLife group in 2021, she was appointed Chief Transformation Officer, overseeing the integration of both organizations before becoming CEO Luxembourg – Employee Benefits in October 2023.
The alternate board members are (in alphabetical order):
Vincent ARNAL
Sébastien BOUCKENOOGHE
Pascal BUGHIN
David DESTAPPES
Nathan HARDMAN
Henri HOSTERT
Marie-Hélène MASSARD
Xaviez NEVEZ
William ROSE
Eve ROUX
Richard SUTTON
TBD
TBD
TBD