Swiss Re appoints new Head of Life & Health in Taiwan
23 February 2006, Taipei
Swiss Re today announced the appointment of Ms Daisy Tsai as Head of the company's Life & Health operations in Taiwan.
The life and health insurance market in Taiwan is among Asia's largest, with premiums of nearly USD46 billion in 2005, according to preliminary figures released by the Life Insurance Association.
Ms. Tsai joins Swiss Re with a wealth of experience from the insurance industry, having worked for AIA and Ernst & Young in Hong Kong since the early 1990's.
In 1999, she joined Swiss Re in Taipei as Actuarial Manager. Two years later in 2001, Ms. Tsai left Swiss Re to join Hannover Re, after which she left Taiwan to join her family in the USA. She returned to Taiwan and Swiss Re in 2006, and will report to Poh Chee Kok, Head of Life & Health for Swiss Re in Greater China.
Ms. Tsai has a Masters Degree in mathematics from the University of Connecticut, USA and is an Associate of the Society of Actuaries.
Notes to editors
Swiss Re is one of the world's leading reinsurers and the world's largest life and health reinsurer. The company operates through more than 70 offices in over 30 countries. Swiss Re has been in the reinsurance business since its foundation in Zurich, Switzerland, in 1863. Swiss Re offers a wide variety of products to manage capital and risk. Traditional reinsurance products, including a broad range of property and casualty as well as life and health covers and related services, are complemented by insurance-based corporate finance solutions and supplementary services for comprehensive risk management. Swiss Re currently has the following ratings: (i) from Standard & Poor's: long-term counterparty credit, financial strength and senior unsecured debt ratings of "AA (CreditWatch negative)", and a short-term counterparty credit rating of "A-1+", (ii) from Moody's: insurance financial strength and senior debt ratings of "Aa2" (on review for possible downgrade), and a short-term rating of "P-1" and (iii) from A.M. Best: a financial strength rating of A+ (superior) (under review with negative implications).
Swiss Re has been associated with Asia since 1913, established its first offices in the region in 1956, and now has more than 800 staff in Asia Pacific. The company's Asian headquarters are in Hong Kong. Swiss Re has been present in Taiwan since 1995, and opened its branch in Taipei in 2004 to offer the full range of reinsurance products and services.
Photograph of Ms Tsai can be downloaded from Swiss Re's website: www.swissre.com
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