UIB Asia Reinsurance Brokers Pte Ltd has announced that Francis Savari will take over from Hiroki Miyamoto as its Chief Executive Officer (CEO), based out of Singapore.
Miyamoto, who served as CEO for five years, will move to a new role at United Insurance Brokers Ltd in London to “enhance the Group’s drive to develop business from our existing and future Japanese clients.”
Savari’s appointment has been approved by the Monetary Authority of Singapore (MAS).
He brings three decades of professional experience with a diverse industry background to the CEO role.
Savari has held a range of roles within Marsh Management Services, Munich Re, Partner Re, and Singapore Re, where he most recently served as Deputy CEO.
His expertise covers different aspects of the sector including captive management, risk financing and risk consulting, as well as marketing, underwriting, client management, and business development.
Savari has experience primarily across the Southeast Asia region and wider Asian markets with a specialty in treaty business.
Tim Church, CEO UIB International Ltd, commented on the appointments: “We are delighted that Francis will join the UIB Group, heading up UIB Asia and leading it through its next stage, supported by the UIB Group and UIB International management team and we look forward to great success under his leadership.
“We are also extremely grateful to Hiroki for his excellent efforts over the past five years and for extending his stay beyond the originally agreed period in order to help the Company, and the Group during the transition. With the Covid pandemic having had such a significant global impact during his tenure, it has been a challenging period, and we are filled with gratitude to Hiroki for the efforts that he has made and for the success of the Company. Notably, Hiroki led the way in establishing the Group’s analytics resources, which is an essential and vital part of our business.”
