Munich Re Specialty Group has appointed hired a new head of operations in Asia, it has been revealed.
Celine Ang joins from Euler Hermes, where she was serving as CEO of ASEAN. Ang began her career 30 years ago as an underwriter at Allianz in Singapore, and was later assigned to Allianz global corporate and specialty in Canada, where she was eventually appointed CEO and country manager.
Ang later moved to Munich, where she served as Allianz’s global account manager for Aon, before becoming head of global broker management in London. She then moved to Euler Hermes, where she was group head of distribution in Paris, before assuming her current role as CEO in 2014.
Ang, who will take up the new post on August 1 and will be responsible for Munich Re syndicate offices within the region, will be based in Singapore. She has a of a bachelor of arts degree, major in economics from the National University of Singapore.
Munich Re has recently partnered with the World Bank, the World Health Organization (WHO), Swiss Re Capital Markets, and AIR Worldwide to create the Pandemic Emergency Financing Facility – a platform for funding relief efforts following a major disease outbreak. The PEFF’s insurance fund will provide maximum coverage of US$425 million for an initial three-year period.
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