Lee Yuan Siong Named Chairman of The Geneva Association

Lee, who is Group Chief Eecutive and President of AIA, succeeds outgoing Chairman Christian Mumenthaler, CEO of Swiss Re.

(Image credit: Balazs Simon/Pexels.)

The Geneva Association, a global association of insurance companies whose members are reinsurance CEOs, has announced that Lee Yuan Siong, Group Chief Executive and President of AIA, has been named Chairman of the organization at its spring 2024 board meeting on June 5. Lee, who has been Vice Chairman of The Geneva Association since November 2021, succeeds outgoing Chairman Christian Mumenthaler, CEO of Swiss Re.

Lee Yuan Siong, Group Chief Eecutive and President, AIA.

The association also announced that three members of the Association were elected to the board of directors at the 2024 General Assembly on 6 June: Satoru Komiya, CEO, Tokio Marine; Pauline Leclerc-Glorieux, CEO, BNP Paribas Cardif; and Bianca Tetteroo, CEO and Chair of the Executive Board, Achmea.

It is an honor to be appointed Chairman of The Geneva Association,” comments Lee Yuan Siong. “In every corner of the world, we are facing increasingly complex risks covering ageing, health, climate and technology. Over the last 50 years, the Association has established a much-needed global platform, bringing knowledge, debate and recommendations to address the most pressing societal challenges. The Geneva Association’s belief in ‘Insurance for A Better World’ has never been more relevant than it is today.  I look forward to working with the board and our members to drive greater impact and understanding of the insurance industry’s role in helping to create a more resilient future.”

Jad Ariss, Managing Director, The Geneva Association.

“It has been a great privilege to work with Christian Emmenthaler,” comments Jad Ariss, Managing Director, The Geneva Association. “He took over as Chairman at a difficult time, with the pandemic still in full swing, and he navigated The Geneva Association through a geopolitical and geo-economic sea change with wars, higher inflation and supply-chain bottlenecks. His focus on impact has led us to significantly increase our reach and global profile.”

“I am pleased that Lee Yuan Siong has been appointed as new Chairman and look forward to an exciting next phase of the organization—not least as Lee Yuan Siong is the first Geneva Association Chairman to be based in Asia in our 50-year history,” Ariss adds. “I also warmly welcome new board members Satoru Komiya, Pauline Leclerc-Glorieux and Bianca Tetteroo. With the rest of the board, we will ensure The Geneva Association continues to address the most relevant issues for the industry and demonstrate the role insurance plays in making the world a safer and better place.”

Christian Mumenthaler, CEO, Swiss Re.

The Geneva Association’s spring 2024 meeting took place in advance of the organization’s annual General Assembly, which united 55 global insurance CEOs under the theme of “Unlocking Promise in Times of Uncertainty.” The event was hosted by Geneva Association member members Tsuyoshi Nagano, Chairman of Tokio Marine, and Hiroshi Shimizu, President & CEO of Nippon Life, and took place in Kyoto, Japan.

Global Organization of Reinsurers

Based on rigorous research conducted in collaboration with its members, academic institutions and multilateral organisations, The Geneva Association investigates key risk areas that are likely to impact the insurance industry, develops recommendations and provides a platform for stakeholders to discuss them. In total, the companies of Geneva Association members are headquartered in 26 countries around the world; manage USD 21 trillion in assets; employ more than 2.5 million people; and protect 2.6 billion people.

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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