KUALA LUMPUR: AIG Malaysia Insurance Bhd chief executive officer (CEO) Antony Lee was re-elected chairman of the board of Persatuan Insurans Am Malaysia (PIAM) for 2020 to 2022.
Ng Kok Kheng, CEO of Great Eastern General Insurance (Malaysia) Bhd was also re-elected deputy chairman as its AGM on Thursday.
PIAM, or General Insurance Association of Malaysia, said Lee and Ng were among the 10 members who were appointed to the board for a two-year term.
PIAM said the newly established board will position the association to operate more effectively in a liberalised market and take the general insurance industry to the next level.
Commenting on the challenges ahead due to the Covid-19 pandemic, Lee said these were unprecedented times as the world has been transformed following the pandemic.
“Moving forward PIAM as the trade association for general insurance in Malaysia will need to respond with greater speed and agility to the rapidly changing needs and challenges faced by the industry, ” he added.
Seven CEOs of member companies were elected as non-independent directors.
They were Zakri Mohd Khir (Allianz General Insurance Company (Malaysia) Bhd); Steve Crouch (Chubb Insurance Malaysia Bhd); Zainudin Ishak (Malaysian Reinsurance Bhd); Noor Muzir Mohamed Kassim (Pacific and Orient Insurance Co. Bhd); Chris Kurinsky (QBE Insurance (Malaysia) Bhd); Kong Shu Yin (RHB Insurance Bhd); William Foo (Tune Insurance Malaysia Bhd).
PIAM also said Jeremy Lee Eng Huat was elected as an independent director on the board.
He was previously the director of consumer and market conduct department at Bank Negara Malaysia. He was also a former CEO of the Ombudsman for Financial Services.