Tuesday, May 22, 2018

Swiss Re opens new Asian HQ in Singapore

Swiss Re has launched its Asian headquarters in Singapore and appointed a new regional board of directors.

The board of Swiss Re Asia is chaired by Lim Siong Guan, former group president of GIC, and now adviser to GIC’s group executive committee.

“The board and I are excited by the opportunities in this region and how Swiss Re Asia can be best positioned to tap into them,” said Lim.

“Asia has experienced strong economic growth and development in recent years. This naturally comes with additional risk for businesses, governments and societies. As the world becomes more interconnected, the nature of risks develops — geopolitical uncertainty, growing environmental concerns, ageing populations and new health challenges become significant issues to be addressed in this region.”

The board also comprises four external directors and five members of Swiss Re’s group executive committee, including Jayne Plunkett, chief executive officer of Swiss Re Asia.

“The establishment of our regional headquarters in Singapore and a regional board of directors demonstrates our commitment to Asia,” said Plunkett. “It brings us closer to market and allows us to better serve our regional clients through deep local insights combined with our unique global expertise.”

Swiss Re says the board will provide the Asian business with external perspectives and identify emerging trends that have the potential to affect its business across the region.

It adds that the composition of the board ensures that the Asia-wide expertise of external members complements the global reinsurance experience of the members from Swiss Re.

 

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