Ageas appoints new CEO and Chairman
At this time, Ageas publicizes that, topic to the mandatory approvals, Hans De Cuyper will succeed Bart De Smet as CEO of Ageas with impact from 22 October 2020. On the identical time, Bart De Smet will develop into the Chairman of the Group changing Jozef De Mey who lately introduced his resolution to step down.
With Hans De Cuyper, the present CEO of Ageas’s Belgian subsidiary AG Insurance coverage, Ageas appoints an skilled chief and folks supervisor with in depth data of the Group and the insurance coverage sector. By way of varied senior administration positions held in each Asia and Belgium Hans is extraordinarily nicely geared up to deliver the perfect of each cultures collectively and to efficiently lead Ageas within the subsequent part of its growth.
Hans joined the corporate in 2004 as Director Insurance coverage Administration Asia in Hong Kong. In 2007, he moved to Malaysia as Chief Monetary Officer in Etiqa Insurance coverage & Takaful, the three way partnership between Maybank and Ageas. From 2011 till 2013, he was Chief Govt Officer for Etiqa and member of the Govt Committee of Maybank, the main Malaysian bank. In September 2013, Hans returned to Belgium to take up the position of Chief Monetary Officer of AG Insurance coverage, Ageas’s Belgian subsidiary. Since 1 October, 2015, Hans held the place of Chief Govt Officer of AG Insurance coverage and consequently CEO of the ‘Belgium’ phase throughout the Group.
Bart De Smet joined the corporate in 1998 as a member of the administration committee of Fortis AG (now AG Insurance coverage) with accountability for Fortis Worker Advantages. In 2005, he took cost of the Non-Life enterprise and Dealer Channel at Fortis Insurance coverage Belgium, assuming the place of CEO of Fortis Insurance coverage Belgium in 2007. In June 2009 he grew to become CEO of Fortis, which was renamed Ageas in 2010. Below his management, the legacies from the monetary disaster had been resolved and Ageas reworked into a powerful and impartial worldwide insurance coverage Group.
As newly appointed CEO, Hans will likely be proposed as member of the Ageas Board on the Shareholders’ Assembly of 22 October 2020. Following his appointment as CEO of Ageas, the choice course of to nominate a brand new CEO for AG Insurance coverage has been launched.
Within the coming months, Bart and Hans will proceed to work intently with their respective government groups to assist a clean transition of tasks.
Each appointments are topic to the approval of the Nationwide Bank of Belgium.
Commenting on the appointments Jozef De Mey says: “I wish to congratulate Hans on his appointment as the brand new CEO of Ageas. The Board is assured that Hans’s in depth expertise each in Europe and Asia will be certain that the corporate is nicely ready for the longer term and able to embark on the following thrilling stage in its evolution.
I take this chance to additionally congratulate Bart on being appointed as Chairman of the Board of Ageas. On behalf of the Board, I wish to thank Bart for his exemplary efficiency as CEO for greater than a decade. His management has been really inspirational, and we all know he’ll proceed so as to add huge value to the Group as Chairman.
It’s testomony to the breadth of administration expertise throughout the Group that each appointments have been stuffed internally following a full and impartial overview that assessed a spread of inside and exterior candidates as a part of our succession planning course of.”
Hans De Cuyper: “I am honored to have been given this opportunity to lead the company through the next chapter in its history and I am grateful for the trust the Board has shown in me. Under Bart’s leadership, Ageas has transformed itself over the past decade into a successful independent international insurance group. I am looking forward to working together with the team that has written this amazing story over the last 10 years. I also want to thank the Executive Committee and all my colleagues at AG Insurance for all the great work! You never failed to deliver on your promise to the Group. I am eager to catch up with our developments in Asia since I left the region in 2013, and to guiding our businesses across Europe and Asia into a bright future. I’m excited about the many opportunities that lie ahead of us and to continuing the great work”
Bart De Smet: “As I look back on my tenure as CEO I do so with much pride. I had an incredible team of people behind me, and together we delivered on our promises. In accepting the role of Chairman of the Board of Ageas Group, I am pleased that I will continue to be a part of the Ageas growth story and to witness even more success in the coming years. I congratulate my successor and wish him well for the future. These are exciting times in our industry, and also challenging times for society, but I feel confident that under Hans’s leadership we will continue to deliver what our stakeholders expect from us.”
Ageas is a listed worldwide insurance coverage Group with a heritage spanning virtually 200 years. It presents Retail and Enterprise prospects Life and Non-Life insurance coverage merchandise designed to go well with their particular wants, right now and tomorrow. As one in every of Europe’s bigger insurance coverage firms, Ageas concentrates its actions in Europe and Asia, which collectively make up the key a part of the worldwide insurance coverage market. It operates profitable insurance coverage companies in Belgium, the UK, France, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines via a mix of wholly owned subsidiaries and long run partnerships with robust monetary establishments and key distributors. Ageas ranks among the many market leaders within the nations by which it operates. It represents a workers power of over 45,000 individuals and reported annual inflows of over EUR 36 billion in 2019 (all figures at 100%).
- Pdf model of the press launch