Asia: Euler Hermes announces changes in senior management
Euler Hermes announced a strategic appointment in the senior management of Euler Hermes Asia Pacific region effective 3 September, 2018.
Mr Matthew Wells will succeed Mr Gordon Cessford and takes up the role of regional market management commercial distribution director, Euler Hermes Asia Pacific, based in Hong Kong. Mr Wells joined Euler Hermes in 2001 and has spent 17 years in various in market management, commercial and distribution roles.
He started as new business underwriter for Euler Hermes UK and was later promoted to manager for new business and strategic accounts. After several years he was appointed to head of broker business UK. He led the distribution and account management team for northern Europe before he took on the director role for market management and distribution for the Nordic countries three years ago. With his extensive experience in trade credit insurance, Mr Wells will lead the commercial teams for the APAC region to greater success by driving sustainable growth and further strengthening our service offering.
Asia: Canopius appoints new head of reinsurance
Canopius announce the appointment of Mr Nattakorn Wattanaumphaipong as head of reinsurance Asia Pacific. He will join the Canopius Singapore office in January 2019 and report to Mr Jamie Wakeling, CUO reinsurance.
Mr Wattanaumphaipong joins from Swiss Re where he has held multiple senior roles over a 13-year career including most recently head of property Asia ex Japan and China, and previously head of property and casualty China. He has broad experience across property, agriculture, casualty and other (re)insurance lines and brings with him an understanding of the issues faced by customers across all regional markets.
Asia: Aon restructures, names new chairman
Aon has merged its commercial risk solutions, health solutions, and affinity teams across Asia and Pacific together into a single Asia Pacific team, with Mr Geoff Blampied, currently CEO of Aon New Zealand and chairman of Aon Pacific, as the new division’s chairman.
The combined region encompasses 20 countries, employs 11,000 staff, and serves over half of the global population. Meanwhile, Mr Sandeep Malik will lead the region as CEO of Aon’s solution lines for APAC. Mr Malik joined Aon in 2010 as CEO of Asia.
Mr Blampied, who has been with Aon for over 22 years, will remain with his role as CEO of Aon New Zealand.
Hong Kong: Peak Re announces new chief operating officer
Peak Re announced the appointment of Mr David Cabral as COO with effect from 8 October 2018.
Mr Cabral is a seasoned reinsurance professional with more than 35 years of global (re)insurance experience, working in diverse markets in start-up environments and successfully building up organisations from scratch. He founded a (re)insurance advisory firm which provided an extensive range of advisory services from strategy to new product development for (re)insurance companies and InsurTech start-ups across multiple geographies.
Prior to his advisory role, Mr Cabral was a founding member of a start-up reinsurance company where he created and managed multiple underwriting functions and supported the company’s operational activities. His additional experience in Bermuda and US includes the management of claims, risk management, underwriting, operations and technology transformation. He holds a bachelor’s degree from the University of London. He is also a member of the Pan-Asia Risk & Insurance Management Association (PARIMA).
Reporting to the CEO, Mr Cabral is a C-suite member with leadership responsibilities in business processes integration, achieving operational efficiency and driving Peak Re’s technology strategy development.
Hong Kong: Bupa appoints new sales and distribution director
Bupa Hong Kong announced the appointment of Ms Stella Sung as sales and distribution director.
Ms Sung has extensive experience in the health and benefits sector, with roles in sales, marketing, and product strategy. Prior to joining Bupa, she was the chief distribution officer of Cigna Hong Kong. She also previously held senior roles with AIA Hong Kong, Aon Hewitt, Mercer, and Towers Watson.
In her new role, Ms Sung will take overall accountability for Bupa Hong Kong’s sales and distribution across the intermediary and direct sales channels. She will lead efforts to strengthen Bupa’s long-standing corporate relationships in the market and grow Bupa’s position within the individual health insurance market.
Singapore: China Taiping Insurance names new general manager for life insurance
China Taiping Insurance Singapore announced the appointment of Mr Lance Tay as general manager for its life insurance business. Mr Tay is responsible for the overall establishment and development of the life insurance business of China Taiping Insurance Singapore. The company’s life insurance business is expected to be fully operational by January 2019.
He has extensive experience spanning over three decades in the insurance sector across a number of markets. He has held various senior roles in Singapore and the region. Lance was previously the CEO of Tokio Marine Life Insurance.
Singapore: Charles Taylor Adjusting appoints chairman and managing director
Charles Taylor Adjusting (CTA), International loss adjuster, has made senior appointments in its natural resources’ loss adjusting business. Mr John Donald, managing director, has been appointed chairman and Mr Chris Brown and Mr Mike McMahon have been appointed managing directors for UK, Europe and Singapore.
Mr Donald joined CTA in 2008. He has a long track record in adjusting complex onshore and offshore energy and business interruption claims, deep market knowledge and longstanding relationships with underwriters. As chairman of Natural Resources UK, Europe and Singapore, Mr Donald will be responsible for business development, market relations and coordination between CTA’s natural resources’ loss adjusting hubs in Calgary, Houston, Singapore and London. He will continue to report to Mr Damian Ely, CEO.
Mr McMahon and Mr Brown will be responsible for the business management, growth, development and technical leadership of the natural resources team in the UK, Europe and Singapore, also reporting to Mr Ely.
Singapore: MSIG Asia names new executive VP for business development and digitalisation
MSIG Holdings (Asia) has announced that Mr Mack Eng will be the new executive VP for business development and digitalisation, based in Singapore.
He reports to the regional CEO, Mr Alan Wilson, and is responsible for the regional business development across markets, distribution channels and products. Mr Eng will play a key role in contributing to the overall growth strategy of MSIG in the region.
Mr Eng brings with him 26 years of experience in the insurance industry, having worked in both local and regional management, plus a strong track record in business expansion and people development. Prior to joining MSIG, Mack was formerly CEO of ECICS Limited.
Global: Richard Turner elected president of IUMI
Mr Richard Turner, European director of global risk solutions at RSA Insurance Group has been elected president of the International Union of Marine Insurance (IUMI).
In accordance with the Articles of Association, IUMI’s council formally elected Mr Turner at their annual meeting which was held today, the final day of the IUMI annual conference in Cape Town. Mr Turner, who has been closely associated with the global marine insurance market for 35 years, will serve a four-year term as president.
Mr Turner has had a long relationship with IUMI having served on the executive committee between 2011 and 2015 and, before that, as a member of the nominating committee.
He succeeds Mr Dieter Berg whose four-year term of office ended in September.
Global: Guy Carpenter appoints as head of cyber centre of excellence for international and global specialties
Guy Carpenter announced the appointment of Ms Siobhan O’Brien as head of the cyber centre of excellence for international and global specialties.
Based in London, Ms O’Brien will lead the international cyber centre of excellence and work with the account teams to support all strategy and product development for cyber internationally. In addition, she will liaise with the global innovation and product development team which studies emerging cyber risk issues and works directly with Numerati Partners as part of the recently announced partnership established through GC Genesis.
Ms O’Brien joins Guy Carpenter from Marsh where she held numerous senior positions, including: national placement and advisory head for financial institutions for Marsh FINPRO New York; head of the Marsh London financial services team; client service director for Marsh FINPRO London and most recently Marsh UK cyber placement leader and product development team leader.
Global: David Levenson named president and CEO of LIMRA, LOMA and LL Global
LL Global, the parent company of LIMRA and LOMA, announced that Mr David Levenson will be the next president and CEO, effective 1 January, 2019. Mr Levenson will succeed Mr Robert Kerzner, who is retiring as president and CEO after 14 years at the helm of the world’s largest association of life insurance and financial services companies.
Mr Levenson currently is a principal at Edward Jones and has served on its management committee since 2015. He is responsible for all products distributed through its network of 17,000 advisors in the US and Canada. Prior to joining Mr Edward Jones in 2012, he was president of wealth management at The Hartford Financial Services Group. In this capacity, he led the largest of three operating divisions at The Hartford with core earnings of $1.1bn and a staff of 5,000. He also served as president and CEO of Hartford Life Insurance in Tokyo. A