MSIG Hong Kong has appointed Philip Kent (pictured) as CEO, succeeding Kenneth J. Reid, who has retired after 26 years with the company.
Prior to the appointment, Kent served as executive vice president of planning for the Singapore-based regional holding company, MSIG Holdings Asia, for the last two years. He was responsible for leading business development across the region and spearheading the regional digital strategy in Asia.
Kent has worked for more than 28 years in the insurance industry, with broad insurance market experience encompassing leadership and technical roles across Asia, including Indonesia, Thailand, and Hong Kong.
“The industry is dynamic with many insurers going digital and leveraging on new technologies,” said Alan J. Wilson, regional CEO of MSIG Holdings Asia. “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.”
Reid retires after almost 35 years with the group, 26 of which were with MSIG Hong Kong, with 13 as CEO. According to the company, 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,” Wilson said. “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.”
