James Park takes on the chief executive role for Southeast Asia and Singapore at Munich Re
Munich Re has appointed James Park as a regional CEO for Singapore and Southeast Asia.
He is responsible for overseeing Munich Re’s Singapore branch and its non-life reinsurance businesses in the Southeast Asia region, the reinsurer said.
Based in Singapore, he reports to Roland Eckl, Munich Re’s co-CEO for Asia Pacific responsible for 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. These fundamentals position this region as integral to our growth strategy in Asia Pacific,” said Eckl.
Park takes over from Linus Phoon, who has stepped down from the position, and who continues to work with Munich Re in an advisory capacity.
This appointment is effective immediately, Munich Re said.
“Munich Re thanks Linus for his contribution to our business in Singapore and the region,” Eckl said.
Before joining Munich Re, Park worked for primary insurers Allianz and QBE.
He started his career with Munich Re as an actuary in the company office in Sydney in 2007.
He has held several positions within the group, including in Munich, Greater China and Australia.
Most recently, as regional head of property treaty in Singapore, he was responsible for property treaty underwriting across the Asian Pacific region.
Eckl added: “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.”