Wee Loon Yong appointed as CTA CEO Asia, Property & Casualty
09 January 2020
Charles Taylor Adjusting (CTA) a leading international loss adjusting business focused on commercial claims appoints Wee Loon Yong as Chief Executive Officer Asia, Property & Casualty, underlining the significant growth opportunities in Asia and CTA’s strong commitment to serve their expanding network of customers in the region.
Wee Loon is well-respected in the loss adjusting profession with over 35 years of insurance industry experience. He has a solid record in managing large and complex claims particularly on property and natural resources lines of business spanning across 14 Asia Pacific countries which will benefit the wider CTA business considerably.
In his new role, Wee Loon will be based in Singapore and report directly to Damian Ely, CEO of CTA. He will be responsible for driving CTA’s ambitious expansion plans for Asia in the Property & Casualty claims business, to continue fully servicing clients in this business area, where they see a growing demand for international loss adjusting expertise to handle complex losses.
The expansion will be focused on the strategic insurance and reinsurance Property & Casualty markets where CTA will be broadening its business across Asia, offering unparalleled levels of service to CTA’s portfolio of multinational and domestic clients.
Damian Ely said: “We are delighted to have Wee Loon join us and are confident that under his leadership we will quickly establish ourselves in Asia as a market leader in Property & Casualty business. Our ambition is to grow this business rapidly and to position Charles Taylor as one of the most innovative claims solutions providers in the region.”
Prior to joining CTA, Wee Loon was Regional Vice President of a major global insurance group, managing numerous multi-million losses in the region and providing claims leadership for APAC. He is an Associate of the Chartered Insurance Institute, Fellow of the Singapore Insurance Institute, Fellow of the Chartered Institute of Loss Adjusters and a former president of The Singapore Insurance Institute, serving three terms from 2011.