Former DirectAsia Thailand CEO rejoins AIG

March 7 2019 by Andrew Tjaardstra

AIG has appointed Isorasak Thesratanavong as chief executive of AIG Thailand.

He has rejoined the US-headquartered insurer after previously working at the firm from 2011 to 2015, when he was senior vice-president of consumer lines.

Thesratanavong (pictured) started at the beginning of March and replaces previous AIG Thailand chief executive Tomi Latva-Kiskola, who was appointed president and chief executive for Hong Kong in October 2018.

Based in Bangkok, Thesratanavong will lead AIG’s business across the country and report to Singapore-based Sachin Shah. Starting at the beginning of the year, Shah has taken up the role of Asia-Pacific chief executive for AIG’s general insurance arm, reporting to AIG’s head of international Christopher Townsend.

Shah commented: “[Thesratanavong]’s insurance expertise and deep relationships in Thailand positions AIG to deliver innovation and growth opportunities to our clients and distribution partners.”

AIG Thailand provides a mix of personal lines and commercial insurances and sells from offices across the country.

Prior to re-joining AIG, Thesratanavong had been chief executive of DirectAsia Thailand, an online personal lines insurance firm, since January 2018. Previously, he was chief executive of Sompo Insurance Thailand from 2015 to 2017.

Competition in Thailand’s market is heating up after large investments in digital insurance, particularly in the motor market.