ACR Capital Holdings has announced the appointment of Bobby Heerasing as deputy group chief executive and deputy chief executive of Asia Capital Re, fully owned subsidiary of the group.
Heerasing has been in the insurance industry for more than 20 years, having worked in various aspects of the re/insurance industry. He joins ACR from
XL Catlin, where he had held various management and underwriting roles in the Asia Pacific region since 2002.
Prior to the merger of XL Group and Catlin, he was chief underwriting officer of Catlin Asia-Pacific, in charge of both insurance and reinsurance divisions. After the merger, he was appointed as regional underwriting director for Asia-Pacific and took on the additional role of distribution director in 2016.
Group chief executive Hans-Peter Gerhardt commented: “I am particularly impressed by Mr. Heerasing’s strong technical knowledge, and risk and underwriting management experience in Asia. Furthermore, his experience in successful change management will be a big asset for ACR at this stage, when ACR’s acquisition by its new owners is near completion. We are all very excited about his appointments.”
Singapore-based ACR is in the process being acquired by Chinese investors Shenzhen Qianhai Financial Holdings Co. and Shenzhen Investment Holdings Co. Gerhardt has announced his intention to return to Europe in the near future. As deputy chief executive, Heerasing will assume leadership of the company in an acting capacity after Gerhardt’s departure.
Related stories:
ACR Capital completes acquisition of reinsurance and retakaful firms
Chinese consortium to buy Asia Capital Reinsurance of Singapore
Asia Capital Re launches South Korea business
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