The insurer, a subsidiary of Mitsui Sumitomo Insurance, has named a successor for the top job at the firm.

MSIG Asia executive vice president, Mack Eng, has been named the CEO designate of MSIG Singapore, the firm announced on Friday.

Eng joined the firm in 2018 and has been leading the development of the regional business and digital strategies. He previously held senior roles at insurers Royal & Sun Alliance, Allianz, ACE and Prudential, covering both local and regional business.

Veteran Retires

Eng takes over from Craig Ellis, MSIG Singapore's chief executive and director, who will be formally stepping down from the role on 1 January 2022 as he will retiring and returning to his home country Australia, the firm announced on Friday.

Ellis was appointed CEO of MSIG Singapore in April 2019, after working for four decades at Allianz, Old Mutual and Charles Monat Associates. During his tenure as CEO, Ellis also contributed strongly to the general insurance industry in Singapore, and was elected president of the General Insurance Association (GIA) in 2020 and heads the GIA Management Committee.