Munich Re Singapore appoints new senior property underwriter

Munich Re Singapore has appointed Adi Salleh as senior underwriter property, as the German reinsurer continues to beef up its Asia-Pacific operations.

Salleh joins from Chubb in Singapore, where he was manager, property & terrorism, major account division manager.

Salleh is Malaysian but was educated in Korea and spent his formative years in insurance with Samsung Fire & Marine and Samsung Re

Munich Re operates across over 20 countries in the Asia-Pacific region, with main offices in Mumbai, Singapore, Seoul, Beijing, Hong Kong, Tokyo and Sydney.

The reinsurer says that across the APAC region, insurers want to grow in their evolving and challenging environments.

“Regulatory changes in some regions are forcing insurers to introduce new risk management practices and meet strict solvency requirements. Other APAC markets are developing at a dizzying pace, demanding great flexibility and agility,” says the reinsurer.

“We at Munich Re are strengthening our commitment to the Asia-Pacific markets, with resources, expertise and financial capacity,” it adds.

The German reinsurance group already has 950 employees in the region and Salleh will certainly not be the last to join this year.

In April of this year, Achim Kassow, member of the board of management responsible for Asia Pacific, Middle East and Africa, announced strengthened local underwriting and a revised management structure for the regions.

“Munich Re has grown strongly and profitably in Asia Pacific & Africa in recent years. One building block of this success has been the transfer of know-how and decision-making authorities to the region. We are now taking the next step in this process – Munich Re’s revised set-up in the region will be leaner at the top and closer to the markets,” said Kassow.