MSIG Hong Kong announced the appointment of Philip Kent to the role of chief executive officer. He succeeds Kenneth J. Reid, who has retired after 26 years with MSIG Hong Kong.
Kent most recently served as executive vice president of Planning for the Singapore-based regional holding company, MSIG Holdings Asia. Over the last two years, he led business development across the region and spearheaded the regional digital strategy in Asia.
With more than 28 years in the insurance industry, he has broad insurance market experience encompassing leadership and technical roles across Asia, including Indonesia, Thailand and Hong Kong, said MSIG in a statement.
“We are pleased to have Philip lead MSIG Hong Kong as CEO. His accomplishments and track record of building strong partner relationships and inspiring colleagues make him an ideal leader. He is also very familiar with the market having worked in Hong Kong for 11 years,” said Alan J. Wilson, regional CEO, MSIG Holdings Asia.
“The industry is dynamic with many insurers going digital and leveraging on new technologies. With Philip’s experience, he will be able to continue the digital transformation that Ken has started for MSIG, ensuring that we are well placed to continue serving the needs of our customers in Hong Kong,” he added.
Outgoing CEO Kenneth J. Reid retired after leading MSIG Hong Kong as CEO for 13 years and after a career of nearly 35 years with the group. During his tenure, Reid led MSIG Hong Kong to more than double its gross written premiums and played an instrumental role in forming a partnership with DUAL Asia in 2009, significantly expanding MSIG’s business portfolio. He also contributed to Hong Kong’s general insurance industry as chairman of the Motor Insurer’s Bureau of Hong Kong from 2015 to 2017.
“Ken’s vision, accomplishments and impressive track record of building strong client relationships, have materially strengthened MSIG Hong Kong. He leaves a firm foundation and a resilient company. I would like to sincerely thank him on behalf of the board and the group for his substantial contribution to MSIG,” Wilson said.
MSIG Hong Kong is a subsidiary of Mitsui Sumitomo Insurance Co. Ltd. within the MS&AD Insurance Group.
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