Sun Life announces Ingrid Johnson as new President of Sun Life Asia
Kevin Strain, President and Chief Executive Officer of Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced Ingrid Johnson will become the new President of Sun Life Asia effective October 26, 2021.
Ms. Johnson will be responsible for one of Sun Life’s fastest growing strategic pillars encompassing life, health and wealth management businesses in eight Asian markets – China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore and Vietnam.
Ms. Johnson succeeds Léo Grépin, who left Sun Life on October 15 to pursue other opportunities.
“We’re excited that Ingrid is joining Sun Life. She brings significant leadership experience and deep international expertise in insurance and financial services,” said Kevin Strain. “Ingrid will continue to foster growth and build scale in our Asia businesses where we are focused on providing protection, health and wealth management solutions to Clients in the fast-growing middle class and high net worth markets. We thank Léo for his many contributions to Sun Life over the years and wish him well in the future.”
Ms. Johnson brings more than 25 years of international commercial experience in the insurance and financial services industries. Most recently, she was the Group Finance Director of dual London and South Africa listed Old Mutual plc and a member of its various subsidiary boards. During her time at Old Mutual plc, Ms. Johnson played a significant role in supporting the restructuring and delisting of the £12 billion market cap group into four fully independent, listed entities.
Prior to this, Ms. Johnson spent 21 years with South African listed Nedbank Group, a 53% subsidiary of Old Mutual plc, where she held several progressively senior roles encompassing both the technical aspects of governance, finance, treasury, risk and capital management with leading large scale sustainable change of the businesses servicing international, corporate, business and retail clients. This culminated in her role as Group Managing Executive: Retail and Business Banking to collaboratively lead 20,000 colleagues in delivering best-in-class client, culture and risk metrics, in addition to achieving sustainable financial performance and advancing leadership diversity.
While at Nedbank Group, Ms. Johnson led business transformation of Business Banking Cluster (servicing commercial clients) with results of such note as to merit a 2009 Harvard Business School case study, still taught in business and leadership courses today.
“I’m delighted to be joining Sun Life, whose purpose and values resonate deeply with mine. Health and Wealth are vital cornerstones to the wellbeing of all in society, and I look forward to working with the talented leaders, partners, advisors and their teams in accelerating Sun Life’s transformational impact in Asia. I am thrilled to be a part of this next exciting phase of Sun Life’s global contribution to helping Clients achieve lifetime financial security and live healthier lives,” said Ms. Johnson.
Originally from Johannesburg, South Africa, Ms. Johnson is a Chartered Accountant, holds Bachelor of Commerce and Bachelor of Accounting degrees from the University of the Witwatersrand in South Africa and completed the Advanced Management Program at the Harvard Business School.
LMAA appoints new president
The Committee of the London Maritime Arbitrators Association (LMAA) has elected David Steward, independent Arbitrator and Mediator, as its new President to succeed outgoing Bruce Harris following the LMAA’s AGM on 19 May.
“It has been a huge pleasure serving under Bruce on the LMAA Committee this past year and learning from his huge wealth of experience”, said Steward following his election. He added that he would now be consulting widely with the Committee and LMAA Members to determine what are felt to be the Association’s priorities during the next two years.
Harris commented that he was happy to be passing on the baton to eminently capable hands at a time when London maritime arbitration is in rude good health. LMAA reported a record 1,775 new cases in 2020 while LMAA members, including supporting members, currently total over 800.
The change of President follows the appointment of James Clanchy, a former Registrar and Deputy Director General of the LCIA (London Court of International Arbitration), as new LMAA Honorary Secretary in March, replacing the outgoing Daniella Horton. The LMAA has also just issued revised Terms and Procedures (LMAA Terms 2021), which took effect as of the beginning of May meaning the new team will also be working with an updated set of procedural guidelines for London arbitration.
Following the AGM the LMAA held a virtual version of its annual Spring Seminar, hosted by Quadrant Chambers, at which speakers highlighted some of the issues of topical relevance in dispute resolution.
Aon appoints new President of US Reinsurance Solutions
Aon announces that it has appointed Tim Ronda as President of its US Reinsurance Solutions business with immediate effect.
Based in New York, Tim will continue to work with national and global property casualty insurers to help them to reduce volatility and grow profit through the various resources available within Reinsurance Solutions and the wider Aon. His areas of reinsurance expertise include Property, Management Liability, Errors & Omissions Liability, Employment Practices Liability, General Liability, Excess Liability and Workers’ Compensation.
George deMenocal, CEO of Aon’s US Reinsurance Solutions business said: “Having acted as CEO and President of Reinsurance Solutions’ US business for the past three years, now is the right time for me to hand over the President responsibilities to Tim. This will enable me to invest more time as CEO to continue to build and grow our operations, achieve our business targets in priority lines and ensure Aon United is deeply activated across the firm. I look forward to working with Tim in his new role.”
Andy Marcell, CEO of Aon’s Reinsurance Solutions business added: “This is a well-deserved executive promotion for Tim and is a testament to his performance over many years, during which he has consistently grown the business and operated collaboratively. We are pleased to report he will be joining the firm’s Reinsurance Solutions global Executive Committee and we look forward to receiving his counsel at this forum.”
Tim’s 23-year career includes, most recently, acting as Executive Managing Director based in New York, and as Branch Manager for the New York/New Jersey region. Prior to joining the firm in 2005, he was a Senior Vice President at Guy Carpenter, where he worked with several of its largest East Coast and Bermuda-based Property and Casualty clients. He graduated from Washington & Lee University in 1996 with a B.S. in Business Administration and Accounting, and he earned the Chartered Financial Analyst designation in 2003.