PhilNaRe appoints Peak Re exec as CEO

The National Reinsurance Corporation of the Philippines (PhilNaRe) has appointed Augusto Hidalgo as president and chief executive officer.

He succeeds Roberto Crisol who held the same position from January 1, 2009 and completed his term on March 31st, 2014.

Hidalgo brings more than 20 years of experience in international reinsurance and executive management. His most recent employment was with Peak Re, Hong Kong where he was head of mergers & acquisitions. Prior to this, he was the managing partner of New World Financial, Canada from 2005-2012.

He started his career at IBM Asia Pacific in Tokyo in 1989. He returned to the Philippines in 1990 and worked with Arthur Andersen Corporate Finance Consulting. In 1992, he served as senior financial analyst at EasyCall Communications. He then joined Swiss Re in 1996 and was senior underwriter based in Switzerland, Australia and Canada.

“With Mr. Hidalgo heading the management team of PhilNaRe, we are confident that the company will reach a higher level of performance and provide our clients and business partners with an enhanced standard of service and support. We hope that you will extend to him your kind support and cooperation,” said the company.