Martin Rueegg, managing director – general insurance, Axa Hong Kong will be leaving the French firm on July 19.

InsuranceAsia News understands Rueegg (pictured), who started his current role in January 2018, has resigned; according to his LinkedIn profile he has worked at Axa in Hong Kong since November 2007 and has had several senior roles for Axa’s P&C business including Axa Corporate Solutions, across Hong Kong and Macau.

In a statement to InsuranceAsia News, a spokesperson for Axa Hong Kong commented: “We thank [Rueegg] for his dedication and contribution and wish him all the best in his future endeavour.”

Before Axa appoints a replacement, Sally Wan – deputy chief executive of Axa Hong Kong – will directly manage the P&C business. Wan is set to become chief executive of the Hong Kong business on September 1 when existing CEO Etienne Bouas-Laurent starts a new role as group deputy chief financial officer in Paris and will become a member of Axa’s management committee.

The spokesperson for Axa added: “Axa is committed to the P&C business in Hong Kong and to further growing our footprint in this market. As a composite insurance license player in Hong Kong, Axa will continue to leverage on our strategic advantage and strength to continue to accelerate our business growth and to provide comprehensive and innovative insurance solutions to our customers.”