MSIG Singapore names Craig Ellis as new CEO
General insurer, MSIG, has appointed Craig Ellis as the new Chief Executive Officer (CEO), effective 1 April 2019. He assumes the role from former CEO, Michael Gourlay, who will be leaving to pursue his personal interests.
Mr Ellis has over 40 years of experience in the financial services industry, mainly in insurance covering general, life and health, and also in banking. He brings substantial and broad international experience having worked in Australia, Europe and Asia. Mr Ellis held senior positions in Allianz, Old Mutual and Charles Monat Associates where he was CEO of the Singapore office, and most recently Global Head of Product and Solutions before joining MSIG. He started his career with KPMG and is a Chartered Accountant.
“We are pleased to have Craig lead MSIG Singapore as CEO. He is an accomplished leader with extensive management and industry experience, and will be a great asset to MSIG Singapore as we continue to drive stronger growth and profitability in the region,” said Alan J. Wilson, Regional CEO, MSIG Asia.
Outgoing CEO Michael Gourlay led MSIG Singapore for 4 years since April 2015 and has been with the Group for over 40 years. During his tenure as CEO, Mr Gourlay played an instrumental role in driving digital transformation across the enterprise. Under his leadership, the company has successfully grown its digital capabilities and was recently conferred the prestigious Asia’s Most Transformative Insurer award by IDC Financial Insights. Prior to leading MSIG Singapore, he was with the Singapore-based regional office, MSIG Asia as Executive Vice President, overseeing regional business development and underwriting in 8 markets in Southeast Asia and Hong Kong. He also served on several industry and Government committees in Singapore including the General Insurance Association Management Committee, the Governing Board of the Natural Catastrophe Data Analytics Exchange and the Financial Sector Tripartite Committee.
“On behalf of the Board and the Group, we would like to express our sincere gratitude to Mike. He has contributed immensely to the profitable growth of the region and his strong leadership has repositioned MSIG Singapore to be a forward looking and innovative organisation. We are proud of his dedication, commitment and contribution to the market which is well recognised in the industry,” Mr Wilson said.
About MSIG Holdings (Asia) Pte Ltd (“MSIG Asia”)
For over 100 years, MSIG has been Asia’s leading general insurance brand. With our wealth of experience and commitment to this region, we are able to leverage on our multi-channel distribution, strong partnerships with intermediaries and extensive geographical network to offer a wide range of insurance solutions across personal and commercial lines. MSIG is represented in all markets in ASEAN, and also in Australia, New Zealand, Hong Kong, China, Korea, India and Taiwan, with over 9,200 employees.
Located in Singapore, MSIG Asia is the regional holding company and a wholly owned subsidiary of Mitsui Sumitomo Insurance Company, Limited - an established insurer with strong financial ratings, including from Standard & Poor’s and Moody’s. MSIG is a member of MS&AD Insurance Group – one of the top 10 largest general insurance groups in the world*.
*2018 Fortune Global 500, property & casualty insurance category
About MSIG Insurance (Singapore) Pte Ltd. ("MSIG Singapore")
MSIG Insurance, a member of the MS&AD Insurance Group, is Singapore’s leading general insurer. With a local presence of over 100 years, MSIG Singapore offers an extensive range of insurance solutions for commercial and personal risk protection, enabling the security and safety of individuals and businesses. Wholly owned by MSIG Holdings (Asia) Pte Ltd, MSIG Singapore holds an A+/Stable financial rating by Standard & Poor’s.