Front Street Re (“FSR” or the “Company”), an international Insurtech and reinsurance company that focuses on annuity, life, health, and general reinsurance solutions and is an operating subsidiary of Lexasure Financial Group Limited (“Lexasure”), today announced the appointment of Edison Fong as Chief Executive Officer following a thorough search process.
Mr. Ian Lim, Chief Executive Officer of Lexasure Financial Group and President of Front Street Re, stated, “Please join me in congratulating Edison as he assumes the CEO role at Front Street Re. His broad actuarial experience, deep financial acumen, and relentless drive to succeed will be critical in driving further innovation and efficiency as we continue this next phase to establish global partnerships. Lexasure is committed to the continued growth of Front Street Re, and I could not be more pleased to be announcing Edison’s appointment today.”
“I am incredibly excited to be joining the Lexasure family and expanding our North American footprint with Front Street Re,” said Edison Fong, Chief Executive Officer of Front Street Re. “There is clearly a need for innovative and customized reinsurance solutions across business lines serviced by growth-constrained small- and mid-sized insurers with limited access to technology and capital. I believe that Lexasure’s strategy of tailored products combined with digital platforms that reduce customer transaction costs and benefit the global insurance ecosystem is overdue in this market and look forward to pursuing a wide range of new partnerships to support and grow the insurance industry together.”
Prior to joining the Company, Mr. Fong worked at Converge Re, a reinsurance company focusing on asset-intensive reinsurance in the life and annuities markets in the US, based in New York City. Prior to that, Mr. Fong spent the majority of his career in Toronto at Manulife Financial, where he held leadership roles building a project team within the Global Variable Annuities division and had previously worked in the Group Risk Capital and U.S. Life departments. He also accumulated a diverse range of experiences across all facets of actuarial functions with multinational companies in North America and the U.K. and currently serves on committees for the Canadian Institute of Actuaries and the American Academy of Actuaries.
Mr. Fong earned a Bachelor of Mathematics with a double major in actuarial science, finance, and statistics with a minor in economics at the University of Waterloo in Ontario, Canada. He is also a designated Member of the American Academy of Actuaries, a Fellow of the Society of Actuaries, a Fellow of the Canadian Institute of Actuaries, a Chartered Enterprise Risk Analyst, and a Chartered Financial Analyst (CFA) charter holder.
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