Mark O’Dell is new CEO of Liam

KUWAIT: Kuwait Finance House (KFH) plans to sell assets in the range of 100 million dinars (US$330.1mil) to 120 million dinars in 2019, the chief executive was quoted in Al Rai newspaper as saying.

The sale would include the headquarters of its unit in Malaysia and its stake in Kuwait Energy, Mazin Saad al-Nahedh was quoted as saying. — Reuters PETALING JAYA: The Life Insurance Association of Malaysia (Liam) has appointed Mark O’Dell (pic) as its chief executive officer.

Mark recently retired from Manulife Insurance Bhd as its CEO on Oct 30 last year. He assumed his new position at Liam with effect from Jan 2.

A permanent resident, Mark has over 38 years of experience in the life insurance business (including 24 years in Asia) with an excellent track record in spearheading the transformation of the life insurance industry.

“With a full-time CEO who brings with him a wealth of industry experience and expertise, Liam will be better placed to accelerate our national aspiration of increasing the penetration rate of life insurance, reducing the protection gap, improving customer satisfaction levels and most importantly play an influential role to support nation building and improving the quality of life of Malaysians,” said association president Anusha Thavarajah.

“Mark’s appointment further underscores Liam’s strong commitment to take on the responsibilities and new challenges in transforming the life insurance industry to greater heights,” she added in a statement.