Philip Kent to replace Reid as CEO at MSIG Hong Kong

January 3 2019 by Andrew Tjaardstra

Philip Kent (pictured) has been appointed to the role of chief executive MSIG Hong Kong. He succeeds former chief executive Ken Reid, who has retired after 26 years with MSIG Hong Kong.

Kent most recently served as executive vice president of planning for the firm’s Singapore-based regional holding company MSIG Holdings Asia. Over the last two years he led business development across the region and also headed up the insurer’s digital strategy in Asia. Kent has been the market for over 28 years and has worked in Hong Kong, Indonesia and Thailand.

“We are pleased to have [Kent] lead MSIG Hong Kong as CEO. His accomplishments and track record of building strong partner relationships and inspiring colleagues make him an ideal leader. He is also very familiar with the market having worked in Hong Kong for 11 years,” said Alan Wilson, regional chief executive, MSIG Holdings Asia.

“The industry is dynamic with many insurers going digital and leveraging on new technologies. With [Kent’s] experience, he will be able to continue the digital transformation that [Reid] has started for MSIG, ensuring that we are well placed to continue serving the needs of our customers in Hong Kong,” he added.

Outgoing chief executive Ken Reid has retired after leading MSIG Hong Kong as chief executive for 13 years after a successful career of nearly 35 years with the group. During his tenure, Reid led MSIG Hong Kong to more than double its gross written premiums and helped establish Hyperion-owned Dual Asia in 2009 — an MGA underwritten by MSIG. He was also chairman of the Motor Insurer’s Bureau of Hong Kong from 2015 to 2017.

“[Reid’s] vision, accomplishments and impressive track record of building strong client relationships, have materially strengthened MSIG Hong Kong. He leaves a firm foundation and a resilient company. I would like to sincerely thank him on behalf of the board and the group for his substantial contribution to MSIG,” Wilson said.