Marsh Completes Acquisition of MEIS, Appoints New CEO
Marsh has finalized its earlier announced acquisition of Mitsubishi Electric Insurance Service (MEIS) and appointed Ichiro Seino as its new president and chief executive officer.
Regional Leadership Changes
- Shao, previously serving as head of claims for Asia at Axa XL since March, transitions to a new regional role.
- Melbourne-based Parrant has joined WTW as director of the firm’s cyber practice.
- Krishnan contributes over three decades of experience across South Korea, South Asia, and Southeast Asia.
- Aragane most recently led Steamship Mutual’s Japan branch, where he served for more than five years.
Industry Outlook
Cybersecurity is no longer just an IT concern, but a governance issue that belongs on the boardroom agenda.
The insurance industry must adapt by investing in innovation and enhancing systems, data management, and talent development to respond to emerging challenges.
About the Source
The publication provides coverage of Asia’s insurance and reinsurance market, offering analysis and updates on major corporate activities and leadership shifts across the region.
Author’s summary: Marsh’s takeover of MEIS and Ichiro Seino’s appointment highlight deeper shifts in Asia’s insurance sector amid growing focus on cyber governance and leadership realignments.