Peter Tam resigns from HKFI

July 29 2019 by Andrew Tjaardstra

The Hong Kong Federation of Insurers’ chief executive Peter Tam has resigned after 15 years at the helm and ended his role last week to “pursue other opportunities”.

Tam (pictured) commented: “After serving the Federation for 15 years, I have decided it’s about time for me to have a break and move on. My time at this organisation has been most rewarding and as I prepare for my next chapter, I look back with fond memories and the utmost gratitude to each of you for your kind support over the years.”

He added: “Together we have transformed [the HKFI] into a fine institution that helps create a better and more vibrant business eco-system for the benefit of all. We take pride in promoting public confidence in insurance and protecting the interests of consumers. And we’ve put in much effort to enhance the professional standards of industry practitioners across the board.”

“[Tam] decided to pursue other opportunities and will be leaving the HKFI with a very good foundation for continued growth and development,” said Praveen Daswani, chairman of the Hong Kong Federation of Insurers.  “We are grateful for his valuable contribution and able leadership over the last 15 years. Our best wishes go to [Tam] in his future endeavours.”

The governing committee has established an executive committee to identify a suitable candidate to lead the HKFI and oversee operations in the interim; business at the HKFI remains as usual.

The HKFI also issued this statement: “As the HKFI commences a new chapter in the post-SRO era later this year, we will continue to be the progressive voice of the industry. Working closely with our members, various regulatory and governmental stakeholders, we are committed to continuing to be an effective platform for creating value for the insuring public.”

Tam is taking a leave of absence from July 27 to October 8 this year.