Swiss Re looks to capture new growth opportunities in Asia Pacific
Swiss Re, the world's second-largest reinsurer, has strengthened its leadership team in Asia Pacific (APAC) across its life & health and property & casualty business lines as part of the company's strategy to tap into the rapid growth opportunities in the region.
The three key appointments include Jolene Loh as director, head of life & health client markets, South East Asia; Reuben Ng as head of broker business development, Asia; and Yau Siew Choi, as head of P&C solutions APAC. All the executives will be based in the company's Singapore office.
In her new role, Loh will lead the company’s L&H in-market solutions and client servicing teams in South East Asia, where Swiss Re says it is "well positioned to tap into the rapid growth opportunities". Loh joins Swiss Re with more than 25 years of experience in the re/insurance industry spanning across multiple geographies in Asia.
Ng will lead the development of new opportunities and drive business growth with key brokers, and lead a cross functional team to build partnerships that will lead to new revenue streams in the region. Prior to this appointment, Ng was vice president, client strategy & solutions, Asia at Swiss Re, with more than 12 years of regional experience across retail non-life and commercial P&C insurance.
Finally, Siew Choi, formerly its head of casualty underwriting, will be responsible for driving the delivery of P&C Solutions across the region with focus on building strong client partnerships to drive innovation. She brings with her more than 16 years of senior leadership experience in the insurance industry including underwriting, product and pricing development, project management, and corporate strategy.
Commenting on the appointments, Marianne Gilchrist, managing director, head of globals and life & health South Asia at Swiss Re, said: “The rapid rise of a tech-savvy, middle-class segment fueling demand for life and health insurance presents new growth opportunities for us in Southeast Asia. Loh's wealth of experience will add to our strong abilities to explore and establish new partnerships and client engagement platforms. Loh will also play an instrumental role in leveraging our digital strategy to accelerate our penetration and close the protection gap in these high-growth frontier markets.”
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