Pacific Life Re has announced a number of new appointments in its protection business and a strengthening of its leadership position in the Asia-Pacific region.
Tyson Johnston, current Managing Director of the Australian business and Head of Global Protection Strategy, has been promoted to Managing Director of Protection, Asia Pacific and Global Strategy. He will now lead Pacific Life Re’s growth in Asia Pacific, building on Australia.
In addition, Martyn Gilling, current Head of Client Solutions in Australia, will assume many of Johnston’s former responsibilities in a new role as General Manager of Protection in Australia.
The Australian protection business, currently led by Gilling, and the Asian protection business, which will continue to be led by Vasan Errakiah, both report to Johnston.
Andrew Gill, Global Head of Protection, commented: “Over the past seven years, Tyson has demonstrated outstanding strategic leadership and we are confident he will drive our growth in Asia Pacific. I am also delighted to be able to promote from within and leverage the extensive experience and talent of Martyn and Matthew.”
In June 2024, Malaysian Re and Pacific Life Re extended their memorandum of understanding (MoU) to provide sustainable (Re)Takaful solutions.
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This MoU is aimed at operators of Takaful, a type of insurance based on Islamic religious law.
The extension of the MoU, first concluded in 2019, was signed by Malaysian Re’s President and CEO, Ahmad Noor Azhari Abdul Manaf, and Pacific Life Re’s Managing Director of Protection in Asia, Vasan Errakiah.
Since the inception of this partnership, Malaysian Re Retakaful Division (MRRD), a unit of Malaysian Re, has leveraged Pacific Life Re’s expertise and UnderwriteMe’s technological solutions to enhance family (re)takaful offerings.
UnderwriteMe is a wholly owned subsidiary of Pacific Life Re.
