Koay was head of investment at Etiqa Insurance Singapore and AXA Life Insurance Malaysia, while Yang moves from her role as investment director of quantitative analytics at Aberdeen.
Shareholders have backed the sale of Fortegra to South Korea's DB Insurance, which would mark the first-ever acquisition of a U.S. insurer by a Korean non-life insurer.
S&P raised Income Insurance’s stand-alone credit profile to ‘a+’ and maintained its stable outlook, citing improved capital clarity and continued government support expectations.
