Ace’s Siam Insurance appoints MD

The Siam Commercial Samaggi Insurance, an Ace Group company, has appointed Khun Nittaya Piriyathamwong as its new managing director.

Piriyathamwong replaces Khun Chiravuthi Bunyasiri, who was on secondment to the insurer from Siam Commercial Bank, where he will return to work.

Piriyathamwong is currently the group head, centre of excellence group for the insurer.

She has been with the company for over two years. Prior to that, she worked for The Insurance Premium Rating Bureau as a secretary general for seven years and has held senior positions in the research industry.

Khunying Jada Wattanasiritham, chairperson of the board of directors, said: “We are grateful to Khun Chiravuthi for his commitment and diligence in managing the company over the last nine years. He has grown the company from strength to strength and skilfully steered it through some challenging times. We thank him for his services and wish him well in his new appointment, while we look forward to Khun Nittaya’s leadership.”

Juan Luis Ortega, regional president for Ace in Asia Pacific, said: “Our business in Thailand is one of the most dynamic in the region. The prospects ahead are bright as we have ambitious plans to grow our products and distribution channels given the opportunities in this exciting emerging market.

“We are delighted to welcome Khun Nittaya to the leadership team. With her strong passion to support the business growth and her proven ability to lead successful changes previously in the company, Khun Nittaya is ideally suited to steward the company to its next level of development.”