Tokio Marine Appoints Hirai as CEO for Asia Region

January 3, 2022

Tokio Marine announced the appointment of Masahito Hirai as chief executive officer of Tokio Marine Asia Pte. Ltd. (TMA), its Asia regional headquarters, based in Singapore. He succeeds Noboru Yamagata, who had been interim CEO and will continue in his broader capacity as the managing executive officer of Tokio Marine Holdings Inc., in charge of Asia operations and a director on TMA’s board.

Hirai was most recently the deputy chief executive officer of Tokio Marine’s Malaysia general insurance operations, where he was deeply involved in strategic business planning, HR talent development and corporate management.

Prior to his stint in Malaysia, Hirai also held key leadership positions in Tokio Marine’s entities in North America, Mexico and Brazil.

“As we continue to pursue profitable growth in the Asian markets, I am confident that Mr. Hirai’s global experience in managing operations in emerging and developing markets in Asia, North and South America will definitely provide the leadership required for the Asia region,” commented Akira Harashima, chairman of the board of directors of TMA.

“Expanding our businesses in emerging markets remains as one of the biggest challenges for Tokio Marine Group,” said Hirai. “While anticipating a strong recovery from the pandemic environment in Asian economies, this presents opportunities for us to provide insurance solutions and innovative service through Tokio Marine Group’s best practices to our customers, business partners and society in this region as we strive to deliver the best outcomes.”

Based in Singapore, TMA is an established regional headquarters and intermediate holding company. TMA oversees eight P/C Insurance companies and five life insurance companies in eight countries: Singapore, Malaysia, Indonesia, Thailand, India, Philippines, Vietnam and Mayanmar. TMA is wholly owned by Tokio Marine & Nichido Fire Insurance Co. Ltd., its parent company headquartered in Japan.

Source: Tokio Marine

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