Charles Taylor Adjusting (CTA) has appointed Wee Loon Yong (pictured) as chief executive officer Asia, property & casualty.
In his new role, Yong will be based in Singapore and report directly to Damian Ely, CEO of CTA, the company said in a statement. He will be responsible for driving CTA’s expansion plans for Asia in the property & casualty claims business.
“We are delighted to have Wee Loon join us and are confident that under his leadership we will quickly establish ourselves in Asia as a market leader in property & casualty business,” said Ely. “Our ambition is to grow this business rapidly and to position Charles Taylor as one of the most innovative claims solutions providers in the region.”
Yong is a veteran of the loss adjusting profession, with over 35 years in the insurance industry. He has experience in managing large and complex claims, particularly in property and natural resources lines of business, spanning 14 Asia-Pacific countries.
Prior to joining CTA, Yong was regional vice president of a major global insurance group, managing numerous multi-million losses in the region and providing claims leadership in the region. He is an Associate of the Chartered Insurance Institute, Fellow of the Singapore Insurance Institute, Fellow of the Chartered Institute of Loss Adjusters, and a former president of the Singapore Insurance Institute, serving three terms from 2011.
According to the statement, the appointment underlines the significant growth opportunities in Asia and the company’s commitment to serve its expanding network of customers in the region, amid a growing demand for international loss adjusting expertise to handle complex losses.
CTA’s expansion will focus on the strategic insurance and reinsurance property & casualty markets across Asia, as part of its stated aim to offer unparalleled levels of service to its portfolio of multinational and domestic clients.
