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Insular Life Assurance names CEO, makes director changes

Insular Life Assurance Co. Ltd. appointed a new CEO and named new members of the board, effective Jan. 1.

Nina Aguas stepped down as CEO and took over as executive chairman of the board of trustees, according to a March 5 release. Aguas is also the chairman of Insular Health Care Inc. and Home Credit Mutual Building & Loan Association.

Mona Lisa de la Cruz succeeds Aguas as CEO. She was formerly the president and COO of the company.

The company also appointed Justo Ortiz and Gil Genio to the board, replacing Delfin Lazaro and Jesus Alfonso Hofilena, who both retired. Ortiz is currently the chairman of the board of Union Bank of the Philippines, while Genio is the chief technology and information officer and chief strategy officer of Globe Telecom Inc.

Luis la Ó is now the vice chairman, succeeding Lazaro. La Ó has been a member of the board of trustees since 2015.