Insurance transitions in September

Check out the latest movements and transitions within the industry so far this month.

IAG director to retire after 2017 AGM

Leading insurer, IAG has announced that non-executive director Alison Deans has advised her intention to retire from the company’s board following the annual general meeting, which will be held on 20 October 2017.

Deans joined the IAG Board in 2013 and has served on the company’s Audit Committee, People and Remuneration Committee and Nomination Committee. Her retirement will allow her to rebalance her board portfolio.

IAG chairman, Elizabeth Bryan said: “I thank Alison for her dedicated service and contribution to IAG through her experience with the digital economy, and wish her well for the future.”

As part of its on-going board renewal process, IAG continues its process of working to identify new directors with skills and experience to complement the Board as it continues to oversee the company’s future growth.

XL Catlin Strengthens Casualty Insurance Capabilities across Asia with Key Appointments

XL Catlin has appointed Elishe Quek as Underwriter, Casualty and Alice Chong as Senior Underwriter, Casualty, based respectively in Singapore and Hong Kong.

Quek will be responsible for retail Liability insurance in Singapore and wholesale Casualty insurance across Asia. Chong will be responsible for developing XL Catlin’s Casualty portfolio in Hong Kong.

Daniel Fay, Regional Product Leader, International Casualty – Insurance, commented: “The International Monetary Fund expects economic growth in Asia Pacific to reach 5.3%. Additionally it is forecast that insurance purchasing will increase by around 10% across Asia; investing in our Casualty team in Singapore and Hong Kong positions us ideally to better meet this demand.”

Fay added, “I’m delighted to welcome Elishe and Alice to the team. They are both experienced underwriters and their knowledge of their local markets will prove invaluable to our brokers and clients across Asia.”

Quek brings with her more than 22 years of experience in the insurance industry. She joins XL Catlin from AIG Asia Pacific Insurance where she was a Casualty Underwriter. Prior to AIG, Elishe worked at Sompo Japan Insurance, Aon Singapore and Tokio Marine Insurance. hong has 11 years’ experience with nine years at AIG in Hong Kong where she most recently served as Casualty Underwriting Manager.