He takes over from interim CEO Noboru Yamagata, and will continue in his broader capacity as the managing executive officer of Tokio Marine Holdings in charge of Asia.
Japanese-headquartered insurer Tokio Marine has appointed Masahito Hirai as chief executive of Tokio Marine Asia (TMA), based in Singapore, its regional headquarters, the firm announced in a statement.
Hirai brings global experience in managing operations in emerging and developing markets. He was most recently the deputy CEO of Tokio Marine's Malaysia general insurance operations, and previously held key leadership positions in Tokio Marine's entities in North America, Mexico and Brazil.
Growing Market
In the announcement, Hirai said the region's strong recovery from the pandemic presents opportunities for the firm to provide insurance solutions and innovative services.
TMA oversees eight P&C insurance companies and five life insurance companies in eight countries (Singapore, Malaysia, Indonesia, Thailand, India, Philippines, Vietnam and Myanmar). TMA is wholly owned by Tokio Marine & Nichido Fire Insurance, its parent company headquartered in Japan.
