Dennis B. Funa has stepped down from his role as chairman at Asian Re.
Funa had been expected to serve in his role until next year after being re-elected into his position last year. Prior to this, Funa had been serving his first term of office as chairman of Asian Re’s management board since June 28, 2019. He has also previously served as vice chairman with a two-year term that ended in 2019.
Reports elsewhere state that Funa will be replaced by Gholameza Soleymani, president of Bimeh Markazi Iran or the Central Insurance of the Islamic Republic of Iran. The same reports say that the move was prompted by a desire to focus more on the Philippine insurance industry, following an improvement in Asian Re’s performance in recent years.
Established in 1979, Asian Re is an intergovernmental organisation owned today by 10 governments comprising the Council of Members, including Afghanistan, Bangladesh, Bhutan, China, India, Iran, South Korea, Sri Lanka, Thailand, and the Philippines.
The organisation is headquartered in Bangkok and aims to be the leading professional reinsurer in Asia-Pacific region.
