Mr Yoshihiro Kawai, longstanding Secretary-General of the IAIS, will retire following the IAIS Annual Conference in November this year in Malaysia. He will be succeeded by Mr Jonathan Dixon of South Africa's Financial Services Board, who will join the IAIS in September as part of a two-month transition.
Principal Financial Group has announced that Mr Rex Auyeung, chairman of Principal Asia, will retire in June 2017 after 23 years of service. Mr Thomas Cheong, currently its vice president of North Asia and Mr Pedro Borda, vice president of South Asia and India, will continue to lead business operations in the region, reporting to Mr Luis Valdes, president of Principal International.
Sun Life Financial has named Mr Jeremy Young its Chief Marketing Officer (CMO) for Asia. Based in Hong Kong, Mr Young will oversee Sun Life's marketing, brand and the development of its client insights programme for the region. He reports to Mr Roger Steel, President of New Markets and Business Development, Sun Life Asia.
Allied World Assurance Company Holdings, AG has appointed Mr Karsten Buescher its Assistant Vice President, Onshore Construction, Australia. He will report to Mr Clifford Scott, Vice President and Head of Onshore Construction, Asia-Pacific.
AXIS Capital Holdings Limited announced on 14 February that Mr John "Jay" Nichols resigned as Chief Executive Officer of AXIS Re. Mr Jan Ekberg, currently President and Chief Underwriting Officer of AXIS Re Europe, will succeed him as Interim CEO, reporting directly to AXIS Capital President and Chief Executive Officer Albert Benchimol. Mr Nichols has agreed to remain with the Company in a transitional role until 31 March.