Liberty, part of Liberty Mutual Insurance Group, has announced the appointment of Jimmy Tong as the Chief Executive Officer of its Singapore operations, effective 27 April 2026, pending regulatory approval. Tong, a seasoned executive with over 25 years of experience in the insurance sector, will lead the newly unified Liberty Singapore, reporting to Matthew Jackson, President of Asia Pacific.
Liberty Mutual has consolidated its two distinct businesses in Singapore—Liberty Insurance and Liberty Specialty Markets—under a single insurance licence as of 1 January 2026. This strategic move aims to create a more streamlined and robust organisation for customers and partners in the region. “In Asia Pacific, our goal this year is to operate as one Liberty in each market,” said Jackson, highlighting the importance of the consolidation and Tong’s leadership.
Jimmy Tong is well-regarded within Singapore’s insurance and business communities, having previously led Great Eastern’s General and Group Insurance for a decade. His leadership is expected to drive Liberty’s unified Singapore business, which ranks among the top three general insurers in the country.
Following the unification, former Liberty Insurance CEO Yasar Fistikci has transitioned to the role of Chief Product Officer for Singapore. Meanwhile, Nicole Lim, the current CEO of Liberty Specialty Markets, will be leaving the company at the end of April to pursue other opportunities.
The newly branded Liberty in Singapore will offer a comprehensive range of general insurance and reinsurance products, catering to personal, commercial, and bespoke needs for major construction projects, corporate clients, and government entities.
