SINGAPORE, May 16, 2016 /PRNewswire/ -- Chubb announced today the appointment of Tai-Kuan Ly as the new President Director to lead its general insurance operation in Indonesia. Mr. Ly will report to Juan Luis Ortega, Regional President for Chubb in Asia Pacific. Edward Ler, the incumbent President Director, will return to Singapore after a two-year stint in Indonesia and will continue in his role as Regional Head of Personal Lines, Asia Pacific including oversight of the company's Motor, Residential, High Net Worth and Specialty Personal Lines products.
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Mr. Ly first joined Chubb in 2013 as Vice President, Global Motor and Residential Product Manager, Asia Pacific. Based in Indonesia, he was the actuarial advisor to the local team, establishing the risk appetite, KPIs and product pricing frameworks that spurred the local auto growth strategy. In 2014, he was appointed Vice President and Deputy Regional Head of Personal Business Insurance, accountable for the management and development of the auto, residential and small commercial insurance business and strategy in the Asia Pacific region.
Prior to joining Chubb, Mr. Ly was with Samsung Fire & Marine Insurance Company where he had been the Senior Actuary for Auto Insurance since 2006. He spent a considerable part of his career with Allstate Insurance Company in Illinois in various roles of increasing responsibility. In the mid-nineties, he worked for AIG as the Southeast Asia Regional Actuary, Personal Lines based in Hong Kong.
On this new appointment, Mr. Ortega said, "Edward has risen to the challenge of providing strong leadership as both President Director and Regional Personal Lines Head. While sustaining double digit growth for our Personal Lines portfolio, he has laid the key foundations for our Indonesian operations to thrive. I'm confident that Tai-Kuan, having worked closely with our regional team, will continue the growth momentum for Indonesia. With more than 25 years of industry experience, Tai-Kuan brings together expertise in operational and product management, underwriting and customer relationship development, all vital skills to achieve our ambition as a leading insurer of choice for customers and distribution partners."
About the New Chubb
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: www.new.chubb.com.
