RGA Announces Restructuring of Asia Regional Leadership
“Asia has been a significant growth engine for RGA due to the economic and social structural changes that have occurred in this region. As a result, we have realigned our management team to increase our focus on providing services to our clients,” said Tony Cheng, Senior Vice President and Head of Asia, RGA.
Peter Tan has assumed the newly created role of Chief Operating Officer -- Asia, effective January 1, 2015. Tan is now responsible for leading multiple functions and ensuring that RGA’s practices are consistent across the entire region.
Tan joined RGA in 2009 as General Manager for the Hong Kong business to oversee business development and begin expanding RGA’s presence in Southeast Asia. He has more than 30 years of experience in life insurance and asset management, with substantial depth in actuarial, product development, business development, marketing and leadership roles.
In related moves, Amit Punchhi and Shih Nin Low have also assumed new responsibilities. Amit Punchhi, currently Managing Director and Chief Executive Officer of RGA’s India operations, has been named Chief Executive Officer for RGA’s Hong Kong business and Managing Director with oversight for Singapore and High Net Worth business. He continues to have oversight of RGA’s India operations until a successor is named there.
Shih Nin Low, presently Chief Executive Officer of RGA Taiwan, assumed expanded responsibilities as Managing Director, Emerging Southeast Asia markets (Malaysia, Indonesia, Thailand, Philippines and Vietnam), effective January 1, 2015. Low was appointed Chief Executive Officer of the Taiwan operations in February 2014 and was previously Chief Marketing Officer for RGA Reinsurance Company Hong Kong and Southeast Asia.
“Peter, Amit and Shih Nin have each been exceptionally important contributors to our Asia business development in recent years, and we look forward to the continuation of their strong leadership in the coming years as we help our clients succeed and achieve their goals in these vital markets,” said Allan O’Bryant, Executive Vice President and Head of Asia, RGA.
Reinsurance Group of America, Incorporated (NYSE: RGA), one of the largest global life reinsurance companies in the world, provides clients with individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting and product development. The company serves clients from operations in Australia, Barbados, Bermuda, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Singapore, South Africa, South Korea, Spain, Taiwan, Turkey, the United Arab Emirates, the United Kingdom, and the United States. Worldwide, RGA has approximately $2.9 trillion of life reinsurance in force and assets of $42.9 billion.