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May 2019

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People on the move

Source: Asia Insurance Review | Feb 2019

Asia: Allianz names new regional CFO
Allianz has appointed Mr Aaron Fryer as its new regional CFO for Asia Pacific.
 
Mr Fryer is responsible for providing financial leadership to support Allianz’s growth strategy in Asia, driving long-term performance and value creation, and managing all aspects for the finance division - including business reporting, actuarial, finance, risk management and tax.
 
In addition, he will become a member of the company’s regional executive board, which is responsible for setting and executing Allianz’s growth strategy in Asia. Based in the Singapore regional office, he will report to the Allianz Asia Pacific regional CEO.
 
Mr Fryer joined Allianz in 2018 as deputy regional CFO, and brings more than 20 years of financial services experience, with more than half of that within business roles throughout Southeast Asia. Prior to joining Allianz, he served as country CFO for Prudential Indonesia.

Asia: Chubb appoints deputy regional president and division president
Chubb announced the appointment of Mr Glen Browne as deputy regional president for Asia Pacific and division president, Southeast Asia. In his new role Mr Browne will be responsible for the general management and business results in Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam, as well as future territories in Southeast Asia.
 
In addition to his new appointment, Mr Browne retains his current role as executive VP and regional head of accident & health for Asia Pacific, inclusive of all digital distribution and bancassurance for Asia. He will continue to be based in Singapore and will report to Mr Paul McNamee, senior VP of Chubb Group and regional president, Asia Pacific.
 
Mr Browne joined the company, then known as ACE Group, in New Zealand in 2000 as the national commercial business manager and, over the course of the next five years, took on roles as regional SME manager for Asia and GM for Taiwan’s A&H business. After leaving the company in 2005, he served in operational and management positions of increasing responsibility at AIG, Cigna International and Prudential Assurance, including roles as chief marketing officer in Japan and regional CEO for Europe. He re-joined ACE in 2012 as country president for Thailand, where he led the growth of the general insurance business. 

Asia: MSIG Holdings announces new executive vice president
MSIG Holdings Asia has appointed Mr Richard Da Silva as executive VP to lead the finance department. Based in Singapore, Mr Da Silva will report to regional CEO Alan Wilson, and will oversee regional finance, investment, financial planning, reporting and the holding company’s finance operations.
 
Mr Da Silva brings with him over 25 years of experience in the insurance industry having worked in both local and regional finance, investment and audit roles. Prior to joining MSIG, he was regional controller (ASEAN) at Marsh & McLennan Companies and chief risk officer of Marsh Singapore.
 
He is a Chartered Financial Analyst charterholder and a member of the Institute of Singapore Chartered Accountants. He holds a bachelor of accountancy degree from Nanyang Technological University of Singapore.

Hong Kong: MSIG announces new CEO
MSIG has announced the appointment of Mr Philip Kent to the role of CEO. He succeeds former CEO, Kenneth Reid, who has retired after 26 years with MSIG Hong Kong.
 
Mr Kent most recently served as executive VP of planning for the Singapore-based regional holding company, MSIG Holdings Asia, over the last two years leading business development across the region and spearheading the regional digital strategy in Asia. With more than 28 years in the insurance industry, he has broad insurance market experience encompassing leadership and technical roles across Asia, including Indonesia, Thailand and Hong Kong. Outgoing CEO Kenneth Reid has retired after leading MSIG Hong Kong as CEO for 13 years and after a successful career of nearly 35 years with the group.

Japan: UIB Asia appoints new head of broking
UIB Asia has announced that Mr Hisamichi Suzuki joined UIB Asia Reinsurance Brokers in December 2018 as head of Japanese broking division.
 
He will be in charge of Japanese treaty and facultative business within Asia. He will have the capabilities of the resources of UIB’s offices in Asia (Singapore, India, South Korea and Kuala Lumpur) and in London to help him achieve his goals. 
 
Mr Suzuki started his insurance career with Aon Benfield Japan in 2010 as a casualty facultative broker, before moving to Aon Benfield Singapore in mid-2017. 

Thailand: Sompo announces new regional CEO
Sompo Insurance (Thailand) has appointed Assistant Professor Chayanna Siripirom as its new CEO.
 
Assistant Professor Chayanna holds a bachelor’s degree from the Faculty of Commerce & Accountancy, Chulalongkorn University and a Master of Actuarial Science from Boston University; a former senior lecturer at multiple universities in Thailand.
 
She has 20 years’ experiences in academic research, business consulting and a corporate career in both general and life insurance specialising in actuarial and product development and expanding into finance and distribution development. She also currently holds a position of vice president of the Society of Actuaries of Thailand.

Singapore: NTUC Income selects new chairman of the board
NTUC Income announced the appointment of Mr Ronald Ong Whatt Soon as chairman of the board, to succeed Mr Stephen Lee Ching Yen, with effect from 1 January 2019.
 
Mr Ong has a distinguished career in banking that spans over 30 years. He is currently the chairman and CEO (Southeast Asia) at Morgan Stanley and has been with the bank for 20 years in various roles, with substantial experience in mergers and acquisitions, as well as capital markets.

Singapore: HSBC Insurance announces new senior positions
HSBC Insurance (Singapore) announced the appointment of three senior executives: Mr Pranshu Maheshwari as chief and appointed actuary; Mr Leah Ng as chief distribution officer; and Mr Grishma Dalvi as head of business development.
 
The appointments reflect HSBC Insurance (Singapore)’s plan to accelerate its business growth by widening and deepening its distribution partnerships and direct-to-consumer digital solutions in Singapore.

Global: Gloria Brosius named RIMS president
RIMS announced that Ms Gloria Brosius, RIMS-CRMP will lead the society as president for the 2019 term, effective 1 January.
 
Ms Brosius is director, risk management and insurance for Pinnacle Agriculture Distribution based in Loveland, Colorado. She has been a member of RIMS for 22 years and joined RIMS board of directors in 2014. Ms Brosius held many board positions with the RIMS Rocky Mountain Chapter (Denver), including serving as president from 2005-2006. She also volunteered on the society’s member and chapter services committee and was its vice-chair in 2013 prior to joining the society’s global board. 

Global: MetLife names new president and CEO
The board of directors of MetLife, announced that Mr Michel Khalaf, president, US business and EMEA, will become MetLife’s president and CEO on 1 May 2019. Mr Khalaf also has been appointed to the MetLife board.
 
Mr Khalaf has been MetLife’s president of EMEA since 2011 and in July 2017 added responsibility for the company’s US business. In his expanded role, he has overseen the group benefits, retirement and income solutions, and P&C businesses in the US; global employee benefits, MetLife’s only horizontal business providing employee benefits solutions to local and multinational employers in 39 markets; and individual and group insurance businesses sold through agents, brokers, banks and direct channels in more than 25 countries throughout Europe, the Middle East and Africa.
 
Prior to taking on the leadership of EMEA, Mr Khalaf was executive vice president and CEO of MetLife’s Middle East, Africa and South Asia region. He joined MetLife through its acquisition of American Life Insurance Company from AIG in 2010.
 
Mr Steven Kandarian, who is retiring, will continue to serve as chairman, president and CEO until 30 April. Mr Glenn Hubbard, currently MetLife’s independent lead director, will become MetLife’s non-executive chairman upon Mr Kandarian’s retirement.
 
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