RGA appoints two new board members from PwC and AIA
Reinsurance Group of America (RGA) has appointed PwC insurance practice leader Stephen O’Hearn and AIA Group chief executive Ng Keng Hooi to its board, increasing the number of directors to 12.
O’Hearn will begin his term on October 1, 2020, and Ng will join in mid-2021 following the completion of a previous post-retirement commitment. O’Hearn spent the majority of his career with PricewaterhouseCoopers (PwC), and was with the firm for 38 years. Most recently, he served as the global leader of PwC’s insurance practice from 2015 to 2020, during which time he also served on PwC’s extended global leadership team. He has also served as the global relationship partner and audit partner for Zurich Insurance Group, and global relationship partner for Allianz.
Keng Hooi's insurance industry experience spans more than 40 years, most recently as senior advisor to AIA Group. He was group chief executive and president of AIA Group from 2017 to 2020. From 2010-2017, he served as regional chief executive at AIA Group, and was responsible for the group’s business operations in China, Thailand, Singapore, Malaysia, Indonesia, Taiwan, and Brunei as well as group agency distribution. He has also worked at Great Eastern Holdings, Singapore where he was group chief executive between December 2008 and October 2010. Prior to that, he was with Prudential for almost 20 years, including as a member of Prudential Corporation Asia’s board and regional managing director of Malaysia, Singapore, and Indonesia, following his tenure as CEO of Prudential Malaysia.
Anna Manning, president and chief executive officer of RGA, said: “RGA is fortunate to add the extensive experience of Steve and Keng Hooi to our board. Steve is a global executive with keen insights into the insurance and financial services industries, and his perspectives on risk, regulation, and global strategy will immediately add value to our board. Keng Hooi’s exceptional track record in leading complex and dynamic businesses for the largest life insurers in the world, along with his experiences in highly regulated environments, will enhance RGA’s board oversight as the company continues to seek growth opportunities globally.”
J. Cliff Eason, chairman of the board of directors, added: “With the addition of Steve and Keng Hooi to the RGA board, we are further strengthening an already impressive roster of industry leaders and business professionals. Steve is an exceptionally accomplished professional who brings a wealth of best practices and strategic insights to our board and will further enhance our financial oversight. Keng Hooi is a highly seasoned life insurance veteran whose expertise will significantly deepen our board's industry knowledge in both developed and emerging markets in Asia.”
