BusinessMirror

Insular Life names new COO

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THE Insular Life Assurance co. Ltd. announced it has appointed Efren c. caringal Jr. as chief Operating Officer (COO) with the rank of Senior Executive Vice President.

According to the insurer, caringal has handled executive roles in the Middle East, Germany, Ireland and Singapore before coming back to Manila when he was appointed chief finance officer and treasurer and chief investment officer at a multinatio­nal life insurer.

“He was a former regional risk head of a multinatio­nal life insurer in Singapore. Before that, he was chief risk Officer in Dublin and Munich and head of both life products and risk management at a life insurer in Manama in the Gulf region.

Insular Life President and CEO raoul E. Littaua was quoted in a statement as saying that caringal “has built a strong life insurance experience gained from both domestic and internatio­nal life insurance companies.”

“He will work closely with the Board of Trustees and top management in formulatin­g and implementi­ng business strategies,” Littaua added.

As COO and one of the Group heads, caringal will have oversight on strategy and financial management, insurance operations, actuarial, investment management, real property, informatio­n technology including digital transforma­tion, and informatio­n security and data privacy.

Caringal is a BS Mathematic­s graduate of the University of the Philippine­s. He also completed an Actuarial Science Postgradua­te Diploma with merit from the University of Leicester in the United Kingdom. He is a fellow of Life Management Institute and Life and Health claims, as well as an Associate member of the Actuarial Society of the Philippine­s.

 ??  ?? CARINGAL JR.
CARINGAL JR.

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