Re/insurance holding company Tokio Marine has appointed Masahito Hirai as Chief Executive Officer of Tokio Marine Asia (TMA), its Asia regional headquarters.
Hirai will be based in Singapore and succeeds Noboru Yamagata, who had been interim CEO and will continue in his broader capacity as the managing executive officer of Tokio Marine Holdings.
Hirai was most recently the Deputy Chief Executive Officer of Tokio Marine’s Malaysia general insurance operations, where he was deeply involved in strategic business planning, HR talent development and corporate management.
Prior to his time in Malaysia, he has also held key leadership positions in Tokio Marine’s entities in North America, Mexico and Brazil.
Akira Harashima, Chairman of the Board of Directors of TMA said: “As we continue to pursue profitable growth in the Asian markets, I am confident that Mr. Hirai’s global experience in managing operations in emerging and developing markets in Asia, North and South America will definitely provide the leadership required for the Asia region.”
Hirai added, “Expanding our businesses in emerging markets remains as one of the biggest challenges for Tokio Marine Group.
“While anticipating a strong recovery from the pandemic environment in Asian economies, this presents opportunities for us to provide insurance solutions and innovative service through Tokio Marine Group’s best practices to our customers, business partners and society in this region as we strive to deliver the best outcomes.”
