Capital Insurance Announces Acting Group CEO Appointment
Group chairman of the Capital Insurance Group of companies Michael Koisen, has announced the appointment of David Lee to the position of acting group chief executive officer.
Mr Lee previously held the position of general manager within the firm and has extensive executive leadership experience leading to his appointment to the role of acting group CEO.
The board expressed full confidence in Mr Lee’s ability to implement the board’s strategy for the business in the foreseeable future.
Mr Koisen said: “The board of directors are confident in his abilities, expertise and experience to lead the team at this important time for the group.”
Mr Lee said that he is happy to have been given the opportunity to be a part of the dynamic team at CIGL and looks forward to contribute meaningfully towards improved product offerings for our clients throughout the Pacific Region and enhance shareholder value.
Capital Insurance Group is the largest Papua New Guinean-owned insurer operating in PNG and across the Pacific.
The group has overseas operations in Solomon Islands, Fiji, Vanuatu, and Tonga. It offers a broad range of insurance products to serve the needs of businesses and communities in its chosen markets.