MSIG appoints new Asia CRO

MSIG Asia has promoted senior vice president William Song, who oversees enterprise risk management (ERM) in the region, to chief risk officer (CRO).

Based in Singapore, William Song started at the company as vice president in 2010, leading the actuarial department for over five years, and rose to senior vice president, managing enterprise risk management for the region for the last three years. He is now CRO of MSIG Holdings Asia responsible for risk management across the region including ASEAN, Hong Kong, Australia and New Zealand.

Song has undertaken the CRO portfolio from Paul Faulkner, executive director, Risk Management and Technical Services, and will continue to report to him.

Song has been in the insurance industry for over 18 years working across different insurance markets around Asia-Pacific. His experience includes development of ERM framework, internal modelling, insurance liability valuation, technical premium rating, mergers and acquisitions and insurance analytics.

Apart from the CRO appointment, MSIG Holdings Asia also announced its new chief marketing officer, Rebecca Ang Lee, who will be responsible for brand & communications and business excellence across ASEAN and Hong Kong in this newly created role.

The key appointments are in a bid to help drive the group’s medium-term management plan “Vision 2021”, announced in April this year, which explains the company’s strategy to boost digitalisation, reform business and risk portfolios, and to pursue its strengths such as in diversity, capital, human assets, customer base, etc.

“I am very pleased to announce the appointments of both outstanding professionals who are experts in their fields. William and Rebecca will significantly strengthen our senior management layer, allowing us to effectively build on our enterprise risk management and brand presence in the region,” Alan Wilson, Regional CEO, MSIG Holdings Asia, said.