Insurance Executive Scholarship Programme. in... Underwriting. Claims. Business Development. Loss Adjusting. Broking. Actuarial Services.

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1 in... Underwriting Claims Business Development Loss Adjusting Broking Actuarial Services Reinsurance Updated Version Booklet on Sponsoring Institutions Insurance Executive Scholarship Programme Supported by Monetary Authority of Singapore (MAS)

2 32 of the industry s foremost global and regional companies, representing all sectors of this vibrant industry, are participating in the Insurance Executive Scholarship Programme. A total of 67 scholarship positions, providing diverse and rewarding career and development opportunities, are offered by these companies.

3 Acclaim Insurance Brokers Pte Ltd is a wholly-owned local fi rm incorporated since 1982 with a reputation for being one of the top insurance brokers in Singapore. Globally, Acclaim has been a member of the Wells Fargo Global Brokers Network with 350 offi ce locations in 78 countries, one of the largest and fastest growing brokers networks in the world. Graduates who join us can expect to be exposed to different areas of business, giving them opportunities to fi nd their areas of strength and interest. We had indeed recruited fresh graduates in the past who are now holding senior positions in the company or within the insurance industry. ANTHONY LIM / Managing Director Acclaim Insurance Brokers Pte Ltd Asia Capital Reinsurance Group (ACR) is the world s fi rst independent reinsurance company with an exclusive focus on serving clients in the fast-growing Pan-Asian region. We provide businesses with best-in-class solutions and services in large risk underwriting. Our specialist lines include aviation, marine, energy, property, engineering and casualty. \ Strongly capitalised at US$620 million and rated A- by AM Best and Standard & Poor s for fi nancial strength, we are well positioned to help our clients succeed in the marketplace through the effi cient management of their risks. JOHN TAN Chief Executive Asia Capital Reinsurance Group Pte Ltd At ACR, we believe in attracting and nurturing the best talent and providing opportunities for our people to develop and excel in their areas of expertise. American Home Assurance Company, Singapore Branch, has a considerable history in Singapore dating back to We have fostered a solid culture of innovation and commitment to focus on our customers needs and interests. To achieve this, we develop and empower our people to demonstrate our Core Values - Dedication, Entrepreneurship, Leadership, Integrity, Value-Add, Empowerment and Respect. We recognise the need to grow fresh talent to cope with the dynamism in our business. I applaud the launch of The Insurance Executive Scholarship Programme, a wellstructured graduate programme aimed at training young executives which aligns with our strategy to consistently develop well-trained people for the industry s long-term needs. KEVIN GOULDING President American Home Assurance Company Singapore

4 Aon Benfi eld is the world s largest reinsurance broker, providing risk advisory services and integrated reinsurance and capital solutions through an international network of offi ces across 50 countries with more than 4,000 professionals. Our Singapore offi ce is the regional hub for Asia (other than Japan and China) and we are seeking to recruit and groom high calibre broking talent for the future growth of our business in the region. We offer unrivalled career opportunities in a global business that requires a strong mix of technical and marketing/people skills. We expect graduates from this programme to take a fast track growth path in our organisation developing client management and broking responsibilities involving overseas travel round the region and beyond. NEIL MATHISON Aon Benfi eld Asia Pte Ltd Asia Reinsurance Brokers is an international specialist reinsurance broker and insurance risk solutions provider. A long standing reputation of delivering reliable and intellectually crafted concepts and long term solutions to our clients around the region has brought us levels of trust and market creditability unrivalled by our larger competitors. Asia Reinsurance Brokers is a growing company which is constantly on the lookout for those special people who believe in themselves and possess above average qualities. We believe that the key ingredients for a successful team are mutual respect, passion and dedication. At ARB, we offer, an unsurpassed platform based on Asian values, to build your career by providing an abundance of learning opportunities, international travel and rewarding incentives for you to achieve your goals as well as to maximise your potential. RICHARD N.C. AUSTEN Asia Reinsurance Brokers Pte Ltd We pride ourselves as being among the top local Brokers in Singapore with a specialty in the creation and implementation of trade specifi c niche products (e.g., Avian Flu, Sports Education). With over 25 years of team experience, our aspiration is to provide unrivalled and optimum service to all its clientele locally and globally. We are proud to have a very dedicated, motivated, self driven and loyal team. This is possible because we offer a very holistic and employee focused environment, creating a very comfortable and family oriented ambience so as to provide for maximum human capital retention. Join us and be ready to reach for the sky with us. MICHAEL CHEW AVA Insurance Brokers Pte Ltd

5 AXA Insurance Singapore is a wholly owned subsidiary of the AXA Group in France, a world leader in Financial Protection with international presence in over 50 countries. As a leading general insurer in Singapore, AXA Insurance has more than 200 employees serving more than 360,000 customers. We provide an environment for our employees to acquire relevant skills, knowledge and experience to deliver professional advice and services to meet our customers changing needs. HENRI GURS AXA Insurance Singapore Pte Ltd At AXA, we inspire and empower our people to achieve their best. We build a learning culture which fosters personal development and professional mobility by encouraging continuous development of competencies through our various career development programmes. Canopius Group Limited (Canopius) is a privately-owned international insurance and reinsurance group underwriting a highly diversifi ed portfolio of business worldwide. Canopius has operations at Lloyd s and in Bermuda, Singapore and Dublin as well as various service companies. The Singapore operation is focused on building an Asian treaty reinsurance account. We are a young, energetic and dynamic team with strong technical capabilities looking to build a solid platform for the future. We are committed to establishing Canopius as a long-term player in the market with a reputation for excellence. LINUS PHOON Chief Executive Canopius Asia Pte Ltd Thus, we are looking for like-minded individuals with an entrepreneurial bent and the right attitude to embark on this journey together. Suitable candidates can look forward to a challenging career over time as an actuary or underwriter with us. Everest Reinsurance Company is among the top 10 reinsurer in the world and a leader in property and casualty reinsurance and insurance, offering innovative products, responsive service and unsurpassed fi nancial strength. Rated A+ by AM Best and Standard & Poor s for fi nancial strength, we have the technical expertise and market knowledge to produce tailored solutions precisely fi tted to customer needs. Our Singapore offi ce is the regional hub for Asia Pacifi c (including Australia, New Zealand) taking lead roles on treaty business in various markets. We offer challenging career opportunity in a very diversifi ed business environment. JEREN NG Vice President & General Manager, Asia Pacifi c Region Everest Reinsurance Company

6 Federal Insurance Company of Singapore is a group company of the Chubb Corporation. Since 1882, Chubb has provided property and casualty insurance products and services to businesses and individuals around the world. We have a worldwide network of 120 offi ces in 29 countries staffed by more than 10,500 employees. Chubb continues to maintain strong ratings from Standard and Poor s (AA) and Moody s (Aa2) for fi nancial strength. Our operating philosophy is to underwrite conservatively and invest prudently. STEPHEN BLASINA Senior Vice President / General Manager Federal Insurance Company Federal Insurance Company is proud to be a participant of the Insurance Executive Scholarship Programme as it compliments our philosophy of training and development of talented individuals worldwide which is a major component of our corporate culture. Founded in 1920, Overseas Assurance Corporation Ltd (OAC) is the oldest composite insurer in Singapore handling both life and general insurance. It is a wholly owned subsidiary of Great Eastern Holdings since December 2000, and distributes a wide range of commercial and personalised general insurance products through brokers, agents, banassurance and direct channels. For the year 2008, the general insurance business grew by 30% in gross written premium to $62million, and registered an underwriting profi t of $4.7million and profi t-after-tax of $6.6million. TAN HAK LEH Managing Director Great Eastern Holdings Ltd You will be part of a dynamic environment and our comprehensive and systematic training and career development programme will enable you to unlock your hidden potential and develop your talents. Because we believe in continual learning, our people have ample opportunities to attend internal and external training courses. Our performance-oriented appraisal system ensures greater rewards and recognition, emphasising key performance indicators and competency building. Guy Carpenter & Company, LLC is the world s leading risk and reinsurance specialist and a part of the Marsh & McLennan Companies. With 50 offi ces worldwide, Guy Carpenter creates and executes reinsurance solutions and delivers capital market solutions for clients across the globe. The successful candidate will have an opportunity to learn about the global reinsurance market with a particular emphasis on reinsuring natural catastrophe risks. RICHARD JONES Guy Carpenter & Company Private Limited

7 India International Insurance (III) is a locally incorporated general insurance company owned by India s fi ve state-owned general insurance companies. Underwriting a broad spectrum of general insurance risks in Singapore and the region, our philosophy in maintaining high professional standards and prudent approach in managing the business has enabled us to achieve consistent profi ts resulting in our ability to establish a strong fi nancial base. III fully supports the IESP to attract talented and energetic individuals with creative fl air for the insurance industry. Our aim is to fast-track our scholars through a programme of rigorous training, which includes classroom and practical hands-on methods with guidance from experienced professionals. The progress of the company depends on the key people driving it! B. SUNDARRAMAN Managing Director & Chief Executive India International Insurance Pte Ltd vrs Insight Group is an independent loss adjuster, surveyor and ship valuer headquartered in Singapore with clients and partners all over the world. Our team of adjusters specialising in Construction & Engineering losses are acknowledged as being among the best in the industry. With the ACII qualifi cation, and sound practical experience in handling claims, scholars will go far in becoming a great asset in partnering insurers to deliver the promise to provide fi nancial security and peace of mind to society and getting reasonably rewarded at the same time. NEHEMIAH NEO Insight Adjusters & Surveyors Pte Ltd vrs Insight was recently adjudged the Loss Adjuster of the Year in the Asia Insurance Industry Awards. We are privileged to participate in this worthy programme and we look forward to mentor at least a candidate for the world of claims which is the showcase of the insurance industry. The collaborative effort involving the industry, SCI and MAS to introduce and support the IESP will go someway towards providing a credible conduit in attracting some of our bright young talent from various tertiary disciplines to join our industry. What many professionals outside of the insurance industry have failed to realise is that the industry is signifi cantly less volatile than say the banking and other fi nance-related sectors. Insurance professionals in their forties or fi fties would still remain highly employable as the industry attaches and places a high economic value to the experience and network that such a professional has accumulated over his career lifespan. This is a highly valuable trait of the industry and should suffi ciently motivate an aspiring job graduate seeker to consider the insurance industry. GOH CHYE HUAT Managing Director Jardine Lloyd Thompson Pte Ltd

8 KIB KIB Insurance Brokers (S) Pte Ltd is a local home-grown broking fi rm with a 22-year presence and track record in the local, ASEAN and international insurance scene. It is well regarded by its broad-based clientele for its valueadd and professional services and its trading partners (the insurance companies) for its professionalism and business trading culture and philosophy. At KIB, we treat our staff members as stakeholders and are committed to training and nurturing them in all aspects, as KIB believes the wholesome development of a staff member would equip and empower him/her to address the demands of the business world and better serve its clients. CHRISTINA ONG Executive Director KIB Insurance Brokers (S) Pte Ltd Join our team to unveil the dynamism of the insurance industry and carve for yourself a professional career in this integral sector of the fi nancial world. Liberty Insurance is a strategic business unit of Liberty Mutual Group, a diversifi ed global insurer ranked #86 on the list of Fortune 500 US corporations. In 2008, our gross premiums totalled S$101m. We are known for our innovative range of personal and commercial insurance products, and our reputation of maintaining consistency in underwriting philosophy and accessibility at all times. Our quality service focuses on fairness, honesty and dependability. A K CHER Managing Director Liberty Insurance Pte Ltd When you work with us, you ll know you have made a difference in the life of another. We welcome people with drive, commitment and passion and reward them with diverse opportunities to grow professionally and a culture that pays for performance and promotes from within. Part of Boston-based Liberty Mutual Group, Liberty International Underwriters (LIU) provides a diverse range of specialty commercial insurance products distributed exclusively through the global independent broker network. We have over 900 staff operating in offi ces throughout Europe, USA, South America, The Middle East and Asia Pacifi c. Our profi table growth has been built on the quality of our people, and we continually strive to attract, develop and retain talented employees through signifi cant investment in training and development and succession planning. We offer all staff the opportunity to improve their skills and progress throughout the business via internal study programmes, online learning centre with business-relevant courses, external study assistance and professional development through succession planning. BEN HISSEY Principal Offi cer, LIU Singapore Liberty International Underwriters

9 Lockton has a world-wide presence and is a leader in innovative risk fi nancing solutions across all industries and market segments. Our success is a direct refl ection of our people (our Associates). We are constantly looking for talented, motivated, self-directed individuals to join our team. If you are committed to a professional career with a passion for delivering unparalleled service, Lockton is interested in hearing from you. TONY MITCHELL President Lockton Companies (Singapore) Pte Ltd In Singapore, the Lockton brand is a recent arrival and we are a fast evolving organisation that is not for the faint-hearted. The benefi ts for the right people are exceptional with opportunities throughout the Lockton network. As the world s leading risk manager and insurance broker, Marsh is proud to be part of our industry s most critical challenge: developing promising talent for the future. At Marsh, we offer the opportunity to work with the best in the business; a global network of 23,000 people in over 100 companies across all disciplines of risk management and insurance. ALAN CHEAH Marsh (Singapore) Pte Ltd With its Asia headquarters in Singapore, Marsh offers unique opportunities to gain experience both within the sophisticated local industry and the emerging insurance markets across Asia. Our fast-paced and multicultural environment is perfect for motivated and committed individuals looking for career opportunities and challenges. Mitsui Sumitomo Insurance Singapore is a member of the MSIG Group. The MSIG Group operates in 37 countries and regions, including Europe and the Americas. Besides general insurance, the MSIG Group is in reinsurance, risk survey, life insurance and also participates in the Lloyd s market. We have been in Singapore for 50 years, providing insurance solutions and protection to Japanese corporations and the local market. We provide an excellent learning opportunity with regional and international exposure. When you join us, we can take care of you, just as we promise to take care of our customers. TAKAAKI NAKAMURA Managing Director Mitsui Sumitomo Insurance (Singapore) Pte Ltd

10 MSIG Insurance (Singapore) Pte. Ltd. has been in operation in Singapore for more than 100 years, having operated in different company names, as a result of various mergers & acquisitions. In all that time, just as we have been focused on delivering superior service to our customers & business partners, we have been committed to developing our employees, especially young talent. MARGARET YANG & Director MSIG Insurance (Singapore) Pte Ltd We believe in nurturing young talent so that they may fi ll our leadership pipeline. They have opportunities to grow and develop through job rotation to different departments, involvement in project work and management development programmes, We provide young talent the best place to work, where they may grow together with the company s success. PWS is an international reinsurance broker that has recently been acquired by the THB Group, which itself is an international insurance and reinsurance broker based in London. The rationale behind the acquisitions of PWS is that it provided THB with immediate access to an international network with a staff of 540 and a premium placement of USD1.1 bn. The Singapore offi ce is considered to be one of the main stay of the PWS operations and as such THB are anticipating signifi cant growth from the Asia Pacifi c region and it is with this in mind that PWS are seeking talented graduates who they believe, once trained, can assist in achieving this objective. PAUL MURPHY PWS East Asia Pte Ltd QBE Marine and Energy Services (QMES) is owned by QBE Marine and Energy Syndicate 1036, one of the leading marine and energy syndicates at Lloyd s of London. Our parent company QBE is one of the world s most successful insurance companies. QMES is a new venture that will be growing, developing and changing over the course of the next few years. Consequently, it offers a graduate exciting career opportunities and the ability to truly shape a new business venture. They will be able to make a difference and get involved in all aspects of the business whilst also receiving on the job training to allow them to develop a marine or energy underwriting specialty. PETER BURTON Senior Underwriter QBE Marine and Energy Services Pte Ltd

11 SCOR is a global company and a top 5 worldwide reinsurer providing cutting edge reinsurance and risk management services to primary insurers and large corporations. The Singapore hub, made up of a multi-cultural and multi-disciplinary team of 124 employees, covers the Asia-Pacifi c region, which comprises established markets like Japan, Korea and Australia, as well as rapidly developing markets like China and India. BEN HO Managing Director & HUB SCOR Reinsurance Asia-Pacifi c Pte Ltd SCOR believes that the two major keys to success lie in human and fi nancial capital. We count on our human capital to achieve our objectives through developing expertise, innovation and excellence; encouraging individual and collective performance, and promoting team spirit and commitment. Sompo is the second-largest general insurer in Japan, with its Singapore operation rated A+ by Standard & Poor s. As part of our globalisation goal to retain and inject more talent into the organisation, Sompo is presently undergoing a talent retention reformation process. Our present management staff are going through a Management Development Programme to take on more strategically driven roles, and their present managerial functions will be assigned to their direct reports as part of the succession plan for 2009 and beyond. SATOSHI HANZAWA Managing Director Sompo Japan Insurance (Singapore) Pte Ltd We offer a wide range of career opportunities and training programmes, company-sponsored seminars and workshops. Our remuneration and staff benefi ts are competitive, and we highly recognise and welcome potential young talents who are interested to join us. Sterling Knight was established in Singapore in 1973 and is part of the Worldwide Broker Network which is the largest privately held insurance brokerage group in the world, with over USD25 billion in premium under control. Sterling Knight is currently recruiting marketing personnel to assist in brand building and international marketing. Growth paths for a marketing executive could evolve into strategic management, including M&A. LAWRENCE ADAM Director Sterling Knight Pte Ltd

12 Tenet Insurance is local and proud of its roots. We make it our business to understand the needs of our local customers, whether they are an individual or an SME. We believe in a culture of innovation and creativity and this has helped us to launch several market-leading products on personal lines and small commercial insurance. Employees are our most important asset and we believe in giving every employee an opportunity to excel, empowering them so that they develop a passion for the business. STELLA TAN Tenet Insurance Company Ltd We need to lay the foundation for the industry s future and to do this, we need to continue to attract fresh young talents who share the same belief and have the desire to excel in this fi eld. Tokio Marine is one of the leading insurance groups operating globally and offering a broad range of general and life insurance products for individual and enterprises. Our mission is to become one of the world top-tier insurers, with customer trust at the base of all of its activities. Tokio Marine Centre, our fl agship building and regional headquarters in Singapore, will be completed in June At Tokio Marine Insurance Singapore Ltd., general insurance company in Singapore, human resources are our key factor of success and we would like to invite and offer you an opportunity to join our dedicated marketing and underwriting teams, claims management team or fi nance team. HIROSHI SAITO & Managing Director Tokio Marine Insurance Singapore Pte Ltd Toplis and Harding (originally established in U.K. in 1792) was set up in Singapore since 1973 as an insurance surveying & loss adjusting fi rm. The loss adjusting profession, although appears unglamorous, provides infi nite opportunity for solid career growth with good possibility of gaining equity / partnership in the company for bright, honest and hardworking candidates. The company offers planned and systematic training and mentoring schemes to enable the candidates to reach their full potential. HO SOO KEE Managing Director Toplis and Harding (S) Pte Ltd

13 Watkins Syndicate Singapore Pte Limited (WSS) is a dynamic, forward thinking insurance operation in the true Lloyd s tradition. The Watkins Syndicate 457 at Lloyd s is the largest pure Marine syndicate in the Lloyd s market. WSS writes the full spectrum of marine covers including Offshore Energy (Production and Construction), Marine Cargo, Marine Hull including Builders Risks, War, Specie and Yacht and Marina business. It is also developing a standalone Terrorism book. JONATHAN D A RANGER General Manager and Underwriter Watkins Syndicate Singapore Pte Limited In Singapore, WSS offers candidates a hands-on view of the world insurance market. As the new regional claims centre for Asia and the Middle-East, candidates would also get an excellent view of insurance operations on an international scale. With approximately 20,000 Associates in over 100 countries, Willis is a global leader in risk management and insurance broking. In sectors that range from marine to defence, healthcare to leisure, our clients turn to us for innovative solutions. Our culture, passion for service and exceptionally talented people have delivered unrivalled performance. We are ambitious and will strive to become the world s greatest insurance broker. ANDREW J HICKS Managing Director Willis (Singapore) Pte Ltd We are delighted to participate in the IESP programme. Willis is a great place to work for those who like to achieve. We offer participants challenging and rewarding careers in a team-oriented environment.

14 Sponsoring Institutions KIB

15 Information is accurate as at 24 July Please refer to the IESP microsite at for the latest updates.

16 9 Temasek Boulevard #14-01/02/03 Suntec Tower Two Singapore Tel: (65) Fax: (65)

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