Insular Life Assurance Company Ltd. said over the weekend its board of trustees accepted the retirement of company president and chief executive Mona Lisa dela Cruz effective June 7, 2021.
Succeeding dela Cruz is InLife senior executive vice president and head of the insurance distribution group Raoul Littaua.
Dela Cruz has served InLife for 41 years, rising from assistant manager in mass marketing to heading actuarial and administrative operations, before being appointed in 2015 as the first female president and chief operating officer, and then chief executive in 2018 of the first and largest Filipino life insurance company.
She also held concurrent positions as chief actuary and treasurer. She became president of Insular General Insurance, and director of Insular Life subsidiaries including Insular Health Care, Insular Foundation, and InLife’s affiliate Mapfre Insular Insurance. She held directorships in Union Bank of the Philippines, The Medical City, and Pilipinas Shell Petroleum Corp.