Front Street Re (FSR), a global InsurTech and reinsurance firm operating under the Lexasure Financial Group Limited, has appointed Edison Fong as its new Chief Executive Officer (CEO).
Fong’s selection comes after an exhaustive search process aimed at securing a leader with a robust background in actuarial science and finance to drive the company’s growth trajectory.
Specializing in annuity, life, health, and general reinsurance solutions, Front Street Re is dedicated to crafting innovative and tailored products suited to the requirements of small- and mid-sized insurers, particularly those with limited access to technology and capital.
With a wealth of experience, Fong steps into his new role, having previously served at Converge Re, a US-based reinsurance company focusing on asset-intensive reinsurance in the life and annuities markets. His tenure at Manulife Financial, a prominent multinational insurance company, further enriches his expertise in actuarial functions, project management, and risk assessment.
Ian Lim, CEO of Lexasure Financial Group and President of Front Street Re, expressed confidence in Fong’s ability to foster innovation and efficiency within the company. He remarked, “Join me in congratulating Edison as he assumes the CEO role at Front Street Re. His extensive actuarial experience, profound financial acumen, and relentless drive to succeed will be instrumental in propelling further innovation and efficiency as we embark on this next phase to forge global partnerships. Lexasure remains committed to Front Street Re’s ongoing growth, and I am delighted to announce Edison’s appointment today.”
Commenting on his new role, Fong said, “I am thrilled to join the Lexasure family and expand our presence in North America with Front Street Re. There is a clear demand for innovative and tailored reinsurance solutions across various business lines catered to growth-constrained small- and mid-sized insurers with limited access to technology and capital. I believe Lexasure’s strategy of customized products combined with digital platforms that reduce customer transaction costs and benefit the global insurance ecosystem is overdue in this market. I eagerly anticipate forging a plethora of new partnerships to support and nurture the insurance industry’s growth collaboratively.”
