New CEO insurer appointments in Singapore reflect wealth focus, regional hub status

[SINGAPORE] Singapore’s insurance sector has experienced several new faces taking over at the helm, with industry observers saying this reflects a growing attention to wealth management.

“In recent years, we have observed appointments of new CEOs at major insurance firms in Singapore hailing not only from the insurance industry, but also from the banking sector,” Ang Sock Sun, PwC Singapore insurance leader, told The Business Times.

These new leaders reflect a “diverse mix of professional backgrounds, core skills and geographic experience”, as global insurers strengthen their position in Asia, according to Steven Goh, audit partner at KPMG Singapore.