ACA, the association of Luxembourg insurers and reinsurers, has appointed Marc Lauer as president for the fourth time.

The CEO of insurance group Foyer was approved by ACA's administrative board on Thursday. Lauer will replace Christian Gibot, who will still remain a member of the board.

It will be Lauer's fourth term as ACA president, having held the position the last time from May 2020 until March 2021.