Ageas bolsters management oversight in Asia and Europe

Insurance group Ageas has made key executive changes to strengthen its business oversight in Asian and European markets, a move it hopes will enable the company to respond to future challenges and opportunities.

Filip Coremans, currently chief development officer, will be appointed as managing director Asia, and Antonio Cano, currently chief operating officer, as managing director Europe, as of November 2020.

The appointment of Coremans will provide additional exco-level management support in Asia. The role will also include transversal responsibilities for business and technology development, strengthening the focus on smart synergies within the Ageas Group and stimulating more knowledge sharing across the Group and with its partners.

Ageas said the changes are in response to the growing importance of a local approach and the evolving situation in all its core markets, including the UK, Belgium, Portugal, Turkey and France. The function of MD Europe will include the transversal responsibilities for reinsurance and real estate.

Hans De Cuyper, chief executive of Ageas, said: “The appointment of two regional Managing Directors allows us to strengthen our business oversight, engage our partners and stay close to the local business, elevating the importance of our core business to the level of the Executive Committee.

"The organisational changes will also allow us to further build the equity story behind our business model, to create further momentum from the strong synergies within the Group, whilst positioning other business lines such as Real Estate and Reinsurance within a geographic structure that allows them to thrive. With this reorganisation, our Executive Committee is fully equipped to take up the future challenges and opportunities that lie ahead of us.”