Effective 1 May 2012, a new beginning has commenced for Tokio Marine Life Insurance Singapore (TMLS), as they appoint a new CEO, Mr Lance Tay to the helm.
Mr. Lance Tay joined TMLS in 2010 as the Head of Partnership Distribution where he w as
instrumental in strengthening TMLS’ position as one of the leading life insurance product
and
service
providers to financial advisory firms in
Singapore.
He has over 27 years experience in
the life insurance industry and has held various senior
positions in Singapore and the region. Before joining Tokio Marine, Lance held a number of key positions in Singapore and the region, including Deputy CEO & COO of John Hancock Singapore and
as
Chief Marketing
Officer of AIA Singapore.
Mr. David Beynon, who has led the business in Singapore
for 22 months, has been appointed to the role as the President Director of Tokio Marine
group’s new life business in Indonesia, which will operate officially as PT. Asuransi Jiwa
Tokio
Marine
Indonesia.
Mr. Winson Yap, the current Head
of
Bancassurance, is promoted to the role of Chief Distribution Officer, reporting directly to the CEO. He
will
assume
oversight of the individual life business development and training aspects
of
the Agency, Bancassurance and Partnership Distribution Departments. In his new role, he will continue to actively engage the FA firms in
maintaining our market leading position, embark on a
focused strategy to grow the Agency force
and also strengthen our
Bancassurance
presence in Singapore.
Ms. Margaret Chang, who is the current Head of Insurance Operations Division is re-
designated to Chief Operations Officer,
overseeing Underwriting, Claims, Customer Services and Change Management Departments.
A noticeable loss for Tokio Marine, will be Mr. Brian Hannan, as he steps down from his
current position as Senior Vice President and Head of Agency Distribution
Buying a Keyman Insurance for your company's CEO or senior management can be a tricky business.