FWD Group Holdings Limited (“FWD Group”) today announced the appointment of Antonio “Jumbing” De Rosas as President and Chief Executive Officer (CEO) of FWD Life Insurance Corporation (“FWD Philippines”), effective 1 March 2023, subject to relevant approvals.

“We are incredibly pleased to attract an industry veteran of the calibre of Jumbing to be our next CEO for the Philippines. Jumbing’s guidance has been invaluable since joining the FWD Philippines’s Board of Directors last year. We’re looking forward to leveraging even more of his deep experience in changing the way Filipinos feel about insurance,” said Binayak Dutta, Managing Director, Emerging Markets, and Group Chief Distribution Officer.

Mr. De Rosas brings with him over 35 years of experience in insurance, banking, and public accounting, including serving as President and CEO, and Chief Financial Officer, at a multi-national insurance company for over 14 years in the Philippines. He succeeds Zhuang Li Hao, who will be taking on a new role as Group Chief of Distribution Strategy in the FWD Group headquarters. Both report to Mr. Dutta.

“I am honored to continue the work of the FWD team who have been doing a wonderful job of providing protection and community service to the Philippines. The underserved life insurance market is poised for growth, and FWD is well-positioned to capture the opportunities that lie ahead,” said Mr. De Rosas.