According to the announcement of UIB Asia Reinsurance Brokers Pte Ltd, Francis Savari has been appointed as its new Chief Executive Officer (CEO) based in Singapore, succeeding Hiroki Miyamoto, who served as CEO for five years. Miyamoto will assume a new role at United Insurance Brokers Ltd. in London to enhance the Group’s business development with Japanese clients.
Francis Savari’s appointment has received approval from the Monetary Authority of Singapore (MAS). With over three decades of professional experience in various industries, Savari brings a diverse background to his role as CEO. His previous positions include roles at Marsh Management Services, Munich Re, Partner Re, and Singapore Re, where he most recently served as Deputy CEO.
His expertise spans multiple facets of the industry, including captive management, risk financing, risk consulting, marketing, underwriting, client management, and business development. Savari’s experience is primarily focused on the Southeast Asia region and broader Asian markets, with a specialization in treaty business.
Tim Church, CEO of UIB International Ltd, expressed his satisfaction with the appointments, saying, “We are delighted that Francis will join the UIB Group, heading up UIB Asia and leading it through its next stage, supported by the UIB Group and UIB International management team and we look forward to great success under his leadership. We are also extremely grateful to Hiroki for his excellent efforts over the past five years and for extending his stay beyond the originally agreed period in order to help the Company and the Group during the transition. With the COVID pandemic having had such a significant global impact during his tenure, it has been a challenging period, and we are filled with gratitude to Hiroki for the efforts that he has made and for the success of the Company. Notably, Hiroki led the way in establishing the Group’s analytics resources, which is an essential and vital part of our business.”
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