The National Reinsurance Corporation of the Philippines (Nat Re) has announced the appointment of Allan Rossi Santos as its new President and Chief Executive Officer effective August 16, succeeding Augusto Hidalgo III.
Prior to this, Mr. Santos was Nat Re’s Executive Vice President and Chief Operating Officer overseeing Finance, Investments, Data and Analytics, Technology, Human Resources and Office Services. He will be joined by two seasoned professionals, Christian Ladoux as Chief Underwriting Officer and Tisha Darvin as Head of Data and Analytics.
During his term as President and CEO, which began in 2014, Hidalgo led efforts to transform the company into a more customer-centric organization and initiated measures that strengthened Nat Re’s technical capabilities.
He significantly grew the business both in terms of topline and bottomline, the company said.
Santos has more than 25 years of experience in local and international insurance/reinsurance markets in the US, Asia and Europe. He holds a Master’s degree in Applied Math and Bachelor of Science in Math both from the University of the Philippines. He is a Fellow of both the Actuarial Society of Philippines and the Society of Actuaries (US) and is a Member of the American Academy of Actuaries.
Ladoux has 35+ years of international experience in reinsurance underwriting, having handled risks in France, Germany, Japan, Australia, Belgium, East and South East Asia, and the Indian subcontinent.
He was previously the General Manager and CEO of the Singapore Branch of Arab Insurance Group.
Darvin is an actuary by profession with over 25+ years of experience in product development, mergers and acquisitions, demutualization, distribution channels compensation, financial planning and analysis, employee benefits valuation, and actuarial studies, among others.
The Nat Re Board of Directors and all Nat Re employees wish Hidalgo all the best as he pursues new career opportunities, and congratulate Santos, Ladoux and Darvin as they assume their new posts.
“We will continue to build on our achievements thus far to meet new milestones, conquer more challenges, and provide better services to our clients, partners, and shareholders, ”said Santos.
Nat Re was incorporated on June 7, 1978 as a professional reinsurance company providing life and non-life reinsurance to the Philippines and neighboring insurance markets.
It provides life and non-life reinsurance capacity, and in relation to this offers consultancy, technical, and advisory services to its clients – the direct insurers – in emerging markets.