Richard Lim Ngak Kwan

Chief Executive Officer - Asia Pacific Region
China Reinsurance (Group) Corporation Singapore Branch

IBF Distinguished Fellow (2017)

General Insurance

"With the current pace of regulatory changes and disruptive innovations taking place, we have to continue to learn, acquire knowledge and to embrace these evolving challenges to remain relevant."

Biography

​Richard is currently the Chief Executive of China Reinsurance (Group) Corporation Singapore Branch responsible for expanding its operation into the Asia Pacific region. China Re is the 8th largest reinsurance group in the world and the largest in Asia.

Richard's career in the Insurance/Reinsurance industry spanned over 30 years and has held senior management positions in various organization in the last 20 years prior to joining China Re in December 2015.

He was the Chief Executive for the Asia Pacific region at Everest Reinsurance Company Singapore Branch, setting up the Singapore branch in 1997 and left in early 2008 to join the Lloyd's market after building up a very successful portfolio and operation.

He joined a newly established Lloyd's Syndicate 1965 in March 2008 and was the Executive Director and Chief Reinsurance Underwriter, securing new underwriting lines from the Lloyd's Franchise Performance Board on behalf of the Syndicate. Syndicate 1965 was the first syndicate in Lloyd's 300 years history that was headquartered outside of London and based in Singapore.

He left Syndicate 1965 in November 2010 to set up the Hardy Underwriting Asia Pte Ltd as the Managing Director at the Lloyd's Asia platform.

Richard is a Senior Associate of the ANZIIF, has served as a council member of the Singapore Insurance Institute from 2004 to 2005 and is currently a member of the Monetary Authority of Singapore – Financial Centre Advisory Panel China Work Group.