AXA Insurance Singapore appoints new CEO

AXA Insurance Singapore has appointed Jean Drouffe (pictured) as its new CEO. He takes over from Doina Palici-Chehab, who has been promoted to interim regional CEO of AXA Asia, and will report to her.

Drouffe will focus on growing the business in Singapore, and his job scope encompasses the life, general insurance and health businesses locally.

He has worked at the company for 17 years and was regional CEO for the general insurance businesses at AXA Asia, during which he was based in Hong Kong. Prior to working in Hong Kong, Drouffe was director general for the western region at AXA France for over two years, and group finance director at AXA UK for more than three years. Before helming the role as group finance director, he was the chief financial officer at AXA UK for over two years. Drouffe first joined in 2000 where he was instrumental in launching the AXA Group Risk Management practice through various roles in the Economic Capital project.

“It is an incredible honour to lead AXA Insurance in Singapore. I am excited to start work with my colleagues here, building upon the achievements Palici-Chehab and the team have accomplished while pressing forward with the important work of transforming our business model from payer to partner,” Drouffe said.

Palici-Chehab took over the role from Jean-Louis Laurent Josi, former regional chief executive officer of AXA Asia, who stepped down in June. She was the CEO of AXA Insurance Singapore for over four years, and prior to that, helmed the role of CEO at AXA Business Services in India for three years.

“Singapore is a dynamic market with a diverse economy. With our unique breadth and depth of solutions spanning all lines of businesses, we are well positioned to continue our growth journey here. I look forward to working with the Singapore team to achieve AXA’s vision of empowering people to live better lives," he added.

In June, AXA appointed Etienne Bouas-Laurent to succeed Stuart Harrison as CEO of AXA Hong Kong, effective 1 September 2017. Bouas-Laurent will continue to report to Jean-Louis Laurent Josi, regional CEO of AXA Asia.

Last year, AXA Singapore's chief marketing officer Li Choo Kwek exited the role after close to five years. The news came soon after AXA Asia appointed Frédéric Tardy as regional chief marketing, digital, data and customer officer, reporting directly to Laurent Josi. The company also named Marc Blottiere as regional chief operating officer of AXA Asia, who also reports to Laurent Josi. Meanwhile, in March last year, Thomas Buberl was named CEO of AXA, replacing Henri de Castries who had been in the role for 17 years.