Mark O’Dell is new CEO of Liam

The Star Malaysia - StarBiz - - News -

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.

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