Button brings more than 20 years of experience in financial and professional lines underwriting, having held senior roles at Sura Professional Risks, Gallagher Re and Allianz Australia.
The Hong Kong insurer’s steady expansion across key non-life segments and capital support from its parent underpin improved performance and balance sheet strength.
The agency also said it will set K-ICS ratio regulations within the year and review surrender value reserve rules to reinforce capital quality and solvency oversight.
Phoenix Mills becomes the first Indian company to secure parametric trigger-based insurance to protect against pandemic- or epidemic-related business interruption losses.
