Richard Li appoints Ronald Arculli as chairman of insurer FWD
A senior partner at law firm King & Wood Mallesons, Arculli will oversee regulation
Richard Li Tzar-kai has appointed Ronald Arculli as chairman of his new insurance business, FWD, after reinsurance firm Swiss Re invested US$425 million in the company.
Hong Kong-headquartered FWD has a geographical advantage in reaching out to 3 billion people in a five-hour time zone, together with the Asia's rapidly rising middle-income class, Arculli told a media briefing in Hong Kong yesterday.
"My goal is to oversee the regulatory environment, internal risk management, as well as business opportunities for expansion."
Arculli, currently a senior partner at King & Wood Mallesons, said the popularity of technology meant FWD could penetrate Asian markets with after-sales service over the internet.
I am confident that Mr Arculli will provide great insight and counsel
Arculli is also an independent non-executive director of Hong Kong-listed SCMP Group, the publishing company that owns the South China Morning Post.