Governance

ACA is a private professional association. It represents and defends the interests of the insurance and reinsurance sector in Luxembourg.

ACA is mainly structured around and managed by the following bodies :

the Chairman, the Co-chairs and the Board of Directors;
the Bureau;
the Managing Director;
the Executive Committee.

ACA’s staff members ultimately implement the decisions of the Board of Directors.

Board of directors

The ACA Board of Directors is composed of appointed or elected directors in accordance with the statutes and as many alternate directors. They present themselves in pairs to keep track of the ACA files.

Directors

Administrateurs Suppléants

Vincent ARNAL
Sébastien BOUCKENOOGHE
Pascal BUGHIN
David DESTAPPES
Nathan HARDMAN
Henri HOSTERT
Marie-Hélène MASSARD
Xaviez NEVEZ
William ROSE
Eve ROUX
Richard SUTTON
TBD
Shane O’Dea
Rejean Besner

Bureau “ACA“

The Bureau is composed of the President, the Vice-Presidents, and the Managing Director of ACA.
The Bureau carries out the missions and tasks delegated to it by the Board of Directors.

Statutory committees

ACA’s work is organised around 4 statutory commissions:

The four Statutory Committees, presided over by a Chairman and Vice-President elected in tandem, have the role
of:

studying legal, fiscal, litigious, administrative, technical, commercial and financial issues relating to the domain of the activity concerned, in other words any matter that does not relate to companies’ commercial policies ;
informing their members of current issues that may have an impact on the sector ;
drawing up proposals/positions for the ACA Board of Directors.

Making the voice of international life insurance heard
The ambition of the International Life Committee (Commission Internationale Vie – CIV) is to act as a sounding board for discussions on the evolution of international life insurance and to act in concert with the competent authorities (CAA, Ministry of Finance, Haut Comité de la Place Financière (HCPF)), in order to maintain the attractiveness and promote/defend the Luxembourg life insurance model.
Driven by the Chair and Vice-Chair of the CIV, this ambition has been translated into
a bi-annual strategy, the 4 key aims of which are:
- Maintaining vigilance and successfully completing certain regulatory and fiscal developments;
- Being a driving force on non-competitive and strategic issues;
- Coordinating the extent (scale) and scope of the CIV working groups’ tasks;
- Rethinking lobbying and communication relating to the promotion of life insurance.
For a successful insurance sector in the Luxembourg market
The objective of the Local Market Committee (Commission Marché Local – CML) is to reflect on proposals or actions, and to develop a response to the problems encountered by local insurance activities. 4 actions were identified as priorities in 2021:
- Monitoring and proposing adaptations to the legal framework in order to take into account the needs of insurers and obtain the necessary legal clarity;
- Acting to establish fair competition;
- Contributing to an effective motor insurance environment;
- Ensuring a permanent dialogue with the competent authorities and service providers.
It is customary for these two committees to meet jointly. In 2021, their common objectives
were to provide their members with a combined and active platform for the discussion of key topics aimed at the development of international non-life and reinsurance business, as well as the assessment of their needs for concrete actions and mutual dialogue with the regulator and the government. The Chairs and Vice-Chairs of these committees were keen to contribute proactively to the successful internationalisation of the Luxembourg non-life and reinsurance market by focusing on:
- The preservation and development of critical factors which have made Luxembourg the “jurisdiction of choice”;
- The defence of the “single market”, through increased vigilance of governance requirements by the competent regulators in a context of free establishment;
- The promotion of some degree of modelling in reporting formats.
  The two committees met four times in 2021, including a morning of reflection on common issues and major trends for 2022.