Munich Re has appointed James Park (pictured) as chief executive officer of its Singapore branch, with responsibility over the entire Southeast Asia region.
In this capacity, Park is responsible for overseeing Munich Re’s Singapore branch and its non-life reinsurance businesses across Southeast Asia, the company said in a statement.
The appointment is effective immediately, and Park will report to Roland Eckl, Munich Re chief executive, Asia-Pacific – Japan, India, Korea and Southeast Asia.
“Singapore and Southeast Asia are characterised by high economic growth, rapid technology adoption and, in some markets, relatively low insurance penetration,” Eckl said in a statement. “These fundamentals position this region as integral to our growth strategy in Asia-Pacific.
“I am confident that James’s strong technical expertise, leadership skills and client relationships will be assets that will take our business to the next level, as we continue to provide our clients with leading risk transfer and capital management capabilities, as well as help them manage risks of the future, with new solutions in cyber and agricultural reinsurance through to data analytics and consulting services.”
According to Munich Re, Park joined the group in 2007 as an actuary based in Sydney. He has held several positions within the group, including in Munich, Greater China and Australia. Most recently, he was regional head of property treaty in Singapore.
Prior to joining Munich Re, Park was in the primary insurance sector with different companies such as Allianz and QBE. He holds a degree in Commerce, majoring in Actuarial Science, from Macquarie University in Australia and is a Fellow of the Institute of Actuaries Australia.