The chief executive of the Hong Kong Federation of Insurers, Peter Tam has resigned after 15 years as head of the secretariat of Hong Kong’s largest insurers association.

“Peter has decided to pursue other opportunities and will be leaving the HKFI with a very good foundation for continued growth and development,” said Mr Praveen Daswani, chairman of the Hong Kong Federation of Insurers. “We are grateful for his valuable contribution and able leadership over the last 15 years. Our best wishes go to Peter in his future endeavours.”

The Governing Committee has established an Executive Committee (ExCom) to identify a suitable candidate to lead the HKFI and oversee operations in the interim. Business at the HKFI remains as usual and the professional team of management and staff at the HKFI Secretariat continue to provide the usual high quality service our Members and the public are accustomed to.

Although Mr Tam’s work at the HKFI embraced all classes of insurance business, he will be remembered fondly by the marine insurance sector for his hard work in persuading the International Union of Marine Insurers to set up their first overseas office in Hong Kong in 2016.

In a farewell note to HKFI members Mr Tam recalled with pride the arrival of IUMI:

“Recalling work that is completed, I can give you no better example than the historical milestone that was the setting up of the International Union of Marine Insurance (IUMI) Asia Hub here in Hong Kong in October 2016.

“With this platform, the first of its kind in 145 years, we have brought IUMI to Asia and Asia to IUMI.  In the years ahead we aim to foster closer collaboration with IUMI to promote talent development and exchange of ideas and expertise to support of the growth of the maritime industry and marine insurance in Hong Kong and the region.”

Mr Tam also played an important part in the conclusion of a Framework of Collaboration  between HKFI and the Insurance Authority.  The FoC, formulated at the end of 2018, sets out clearly how the Federation will support the work of IA to facilitate the growth of the market and promote good market practices while reaffirming HKFI’s role as an important voice of the industry.

Source:hongkongmaritimehub

Please Contact Us at：

admin@xindemarine.com