Pacific Life Re, a global provider to the entire life and health reinsurance industry, has appointed Vasan Errakiah to the newly created role of general manager, Asian markets.
The company confirmed that in his new role, Errakiah will have responsibility for Pacific Life Re’s market activities across Asia, with each of the market heads reporting directly to him.
At the same time, Errakiah will continue to report to Andrew Gill, Executive Vice President for Asia and Australia at Pacific Life Re and join the Asia Executive Committee in this new role.
Errakiah has played a key role in Pacific Life Re’s growth story over the past 15 years. He has worked in several of the company’s offices, spanning London, Toronto, and Singapore.
In the last four years, he has been instrumental in driving business development as the head of South-East Asia and Japan where he is responsible for the sales and marketing teams.
Andrew Gill commented: “I am delighted that Vasan will be taking on this strategically important role. Having worked with us in Singapore for almost a decade, Vasan brings deep experience and innate expertise to create solutions that meet the needs of our clients.
Commenting on his new role, Errakiah said: “I am really looking forward to growing our business in the dynamic Asian market and continuing to deliver on our promises to key partners in the region. This is an exciting time. which is in Pacific Life Re.”
Back in May, Yorkshire and Clydesdale Bank (YCB) Pension Scheme announced a longevity swap transaction with Pacific Life Re International and Zurich Assurance to manage longevity risk in relation to £1.6 billion of pensioner liabilities.