Hyundai Marine & Fire Insurance Appoints Jo Yong-il and Lee Seong-jae as New CEOs

Jo Yong-il, President of Hyundai Marine & Fire Insurance

[Asia Economy Reporter Oh Hyung-gil] Hyundai Marine & Fire Insurance held a general shareholders' meeting and a board meeting on the 20th, appointing President Jo Yong-il and Vice President Lee Seong-jae as the new co-CEOs.

President Jo joined Hyundai Construction in 1984 and moved to Hyundai Marine & Fire Insurance in 1988, beginning his career in the insurance industry. He subsequently worked in the corporate insurance division and as COO (Chief Operating Officer), and was promoted to President in December 2019. He is recognized for his extensive experience and expertise across the entire non-life insurance sector.

CEO Lee joined Hyundai Marine & Fire Insurance in 1986 and has held positions including CCO, head of the management planning division, CEO of the subsidiary Hyundai C&R, and the corporate insurance division. He was promoted to division head in December 2019.

A Hyundai Marine & Fire Insurance official explained, "President Jo will oversee the entire company organization, while CEO Lee will be responsible for the Human Resources and General Affairs Support Division, Corporate Insurance Division, Digital Strategy Headquarters, and CCO duties."

Seongjae Lee, Vice President of Hyundai Marine & Fire Insurance

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