Cillin O’Flynn, a well-known figure in the cross-border life insurance industry who has been a Europe-focused executive with Generali for the most of the past seven years, has relocated to Hong Kong from Milan, to assume the role of chief executive of Generali Hong Kong.
He succeeds Phuong Chung, who has returned to Vietnam – where he had headed up Generali’s business in that country for two years – to take a role on the management board of Techcom bank, owned by the Hanoi-based Masan Group.
As CEO, O’Flynn, a native of Ireland, will be responsible for driving the overall operations for both Generali’s life and property and casualty businesses in Hong Kong.
Generali has been marketing life and general insurance products in the Hong Kong market for almost 40 years, but launched Generali Life Hong Kong last year in an effort to target high-net-worth individuals and mass affluent customers with a new range of life insurance and unit-linked products.
The business was designed to sit alongside the established Assicurazioni Generali business in Hong Kong, which provides general insurance to small- and medium-sized enterprises, individuals and corporate customers, as well as life insurance-related products to groups and private banks.
Prior to his Hong Kong role, O’Flynn had been group head of innovation, strategic and business development for Trieste-based Generali for a little more than a year.
Before that he was country manager and chief executive for Generali Middle East for three years, based in Dubai, and before that, chief operating officer and head of investment business lines for Generali’s Dublin-based PanEurope business for four-and-a-half years.
Before joining Generali in 2010, he was with Goodbody Stockbrokers for almost 12 years.
Generali is Italy’s largest insurance company, and was founded in 1831.