Property and casualty insurance giant Chubb has appointed Janice (Jae-Kyung) Mo to Country President of the company’s general insurance business in Korea, subject to regulatory approval.
Mo’s appointment is expected to be effective September 1, 2023.
In her new role, she will report to Paul McNamee, Regional President, Asia Pacific.
Mo succeeds Edward Kopp, who has been appointed Regional President, Far East and Country President, Japan.
Currently, Mo serves as Senior Vice President for P&C, Claims and Corporate Strategy, for the business. However, in her new role, she will have responsibility for the overall performance of Chubb across Korea.
A well equipped veteran across the industry, Mo has more than three decades of experience in financial services.
She joined the P&C giant in 2014, taking on the role of Head of Property & Casualty and Agency Distribution Management.
Earlier on in her career, she worked at AIG for 10 years, most recently as Head of Commercial Insurance for Korea.
In addition, Mo’s banking experience includes a 10 years of service at Deutsche Bank, most recently as Vice President, Global Banking in Korea.
“Janice is a seasoned insurance professional with a proven track record of successfully driving businesses to deliver sustainable and profitable growth,” commented McNamee.
“Our local operations globally – a defining Chubb strength – benefit from our capacity and commitment to recognise and promote talent within the organisation. Janice is well positioned to lead the continued growth, transformation and innovation across our general insurance business in Korea.”
In other Chubb news, the company recently announced a series of appointments for its businesses in Asia and Australia & New Zealand, respectively.
Meanwhile, Chubb also successfully renewed its global property catastrophe reinsurance program at the April renewal for its North American and International operations, as well as its terrorism coverage, with no material changes in coverage from the expiring program, although the retention has increased.
Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.