Industry veteran, Mr John Tan, announces his retirement from all executive positions that he held in Asia Capital Reinsurance (ACR) Group on medical advice. He will however remain on the ACR Board in the newly-created non-executive role of Founder and Senior Advisor. Fellow Board Member, Mr Hans-Peter Gerhardt, has been designated to assume the roles of ACR Group Chief Executive and Chief Executive of fully-owned subsidiary, Asia Capital Re, pending regulatory approvals.
Commenting on his decision, Mr Tan said, “The decision was not an easy one and was many months in the making. Establishing ACR is the most significant chapter of my reinsurance career so far and has been central to my professional life. It is however time for me to rebalance my priorities and focus on my health and family. That ACR is today a significant contributor to Asia’s risk management landscape would not have been possible without the incredible support of our shareholders, board directors, business partners and colleagues. I am immensely proud of ACR’s growth through the years and happy to hand the baton over to Hans-Peter. I look forward to working with Hans-Peter in my new capacity as Founder and Senior Advisor to ensure our business partners continue to enjoy the same level of committed service they have grown accustomed to from ACR.”