Insular Life, the country’s largest Filipino life insurer, appointed Efren Caringal Jr. as chief operating officer with the rank of senior executive vice president.
As an insurance professional, Efren handled executive roles in the Middle East, Germany, Ireland and Singapore before coming back to Manila when he was appointed chief finance officer and treasurer and chief investment officer at a multinational life insurer.
He was a former regional risk head of a multinational life insurer in Singapore. Before that, he was chief risk officer in Dublin and Munich, and head of both life products and risk management at a life insurer in Manama in the Gulf region.
“Efren has built a strong life insurance experience gained from both domestic and international life insurance companies. He will work closely with the Board of Trustees and top management in formulating and implementing business strategies,” said Insular Life president and chief executive Raoul Littaua.