Specialty insurance and reinsurance broker Tysers has appointed William Furness-Smith as interim chief executive of Tysers Singapore, following the departure of reinsurance chief executive and executive director Babita Rai.
Furness-Smith’s appointment as permanent CEO is subject to approval by the Monetary Authority of Singapore (MAS).
Tysers explained that he has a long-standing relationship with the Asia-Pacific region and relocated to Singapore in 2024 as head of maritime, Asia-Pacific, where he will be responsible for leading regional strategy and customer development.
Furness-Smith joined Tysers in 2015 and, according to the company, is well-positioned to drive its ambitious insurance and reinsurance growth strategy across the region.
Tesers explained that he will work closely with the team in Singapore, as well as with the company’s wider network.
“Babita has helped strengthen Tysers’ presence in Singapore. We thank her for her commitment and wish her all the best in her future endeavors,” said Tysers.
Tysers CEO Tom Wilson added: “We thank Babita for her contribution to Tysers Singapore and wish her all the best in her next challenge.
“At the same time, we are delighted to welcome William into this role as a well-deserved internal promotion and look forward to the next phase of Tysers’ growth in Singapore and across the Asia-Pacific region.”
