Front Street Re (FSR), an international InsurTech and reinsurance company under Lexasure Financial Group Limited, has named Edison Fong as its new Chief Executive Officer (CEO).
Fong’s appointment follows an extensive search process aimed at securing a leader with a comprehensive background in actuarial science and finance to propel the company’s growth trajectory.
Front Street Re specialises in annuity, life, health, and general reinsurance solutions. As part of its mission, the company focuses on developing innovative and customised products tailored to the needs of small- and mid-sized insurers, particularly those with restricted access to technology and capital.
Fong brings a wealth of experience to his new role, having previously served at Converge Re, a US-based reinsurance company focusing on asset-intensive reinsurance in the life and annuities markets. This, alongside his tenure at Manulife Financial, a leading multinational insurance company, has enriched his expertise in various aspects of actuarial functions, project management, and risk assessment.
In his statement, Ian Lim, CEO of Lexasure Financial Group and President of Front Street Re, expressed confidence in Fong’s ability to drive innovation and efficiency within the company. He stated, “Please join me in congratulating Edison as he assumes the CEO role at Front Street Re. His broad actuarial experience, deep financial acumen, and relentless drive to succeed will be critical in driving further innovation and efficiency as we continue this next phase to establish global partnerships. Lexasure is committed to the continued growth of Front Street Re, and I could not be more pleased to be announcing Edison’s appointment today.”
Speaking on his appointment, Fong added, “I am incredibly excited to be joining the Lexasure family and expanding our North American footprint with Front Street Re. There is clearly a need for innovative and customised reinsurance solutions across business lines serviced by growth-constrained small- and mid-sized insurers with limited access to technology and capital. I believe that Lexasure’s strategy of tailored products combined with digital platforms that reduce customer transaction costs and benefit the global insurance ecosystem is overdue in this market and look forward to pursuing a wide range of new partnerships to support and grow the insurance industry together.”
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