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Tokio MarineLife Insurance Singapore Ltd. CEO Lance Tay will step down May 31, The Straits Times reported April 13,citing an internal memo.
A new CEO has been identified and will assume the role June1, the insurer said after confirming Tay's departure. It did not disclose the nameof the new CEO.
Tokio Marine Life Insurance Singapore is a unit ofTokio Marine HoldingsInc.