Pacific Life Re, a global provider across the life and health reinsurance industry, has appointed Vasan Errakiah to the newly created role of general manager, Asia markets.
The company has confirmed that in his new role, Errakiah will have responsibility for Pacific Life Re’s market activities throughout Asia, with each of the market heads reporting directly to him.
At the same time, Errakiah will continue to report to Andrew Gill, Executive Vice President for Asia and Australia at Pacific Life Re and will join the Asia Executive Committee in this new role.
Errakiah has played a pivotal within Pacific Life Re’s growth story for the last 15 years. He has worked in a wide range of the company’s offices, spanning across London, Toronto, and Singapore.
For the last four years, he has been instrumental in driving business development as the head of South-East Asia and Japan where he was responsible for the sales and marketing teams.
Andrew Gill commented: “I’m delighted Vasan will be taking up this strategically important role. Having worked with us in Singapore for close to a decade, Vasan will bring deep experience and innate skills to develop solutions that address our clients’ needs.”
Addressing his new role, Errakiah stated: “I’m really looking forward to growing our business in the dynamic Asian markets and continuing to deliver on our promises to key partners in the region. It’s an exciting time to be at Pacific Life Re.”
Back in May, the Yorkshire and Clydesdale Bank (YCB) Pension Scheme announced a longevity swap transaction with Pacific Life Re International and Zurich Assurance to manage longevity risk in relation to £1.6 billion of pensioner liabilities.
