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Richard Bender is a Independent Director, Retired International Insurance Executive at AIG, Malaysia. He possess expertise in insurance, underwriting, life insurance, risk management, brokers and 25 more skills. Colleagues describe him as "Richard Bender was a President about results and results he did get at AGLA or any other position that he held with all AIG Companies..Yes; AGLA thrived more, when Richard was President than in the entire history of the company.. Unfortunately; I did not get to serve under Richard Bender for as long as I would have liked.. Richard was the kind of company President that everyone dreams of having.. "He was as good as any man but no better than none".. Anyone will attest to that, who knew him at all.. I feel fortunate to have served under his command; there are few people like Richard who can be a top executive, who gets results and still maintains excellent people skills, to every person in each level.... Thanks! Fred Smith LUTCF AGLA Recruiter and Trainer '"
Aig, Malaysia
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Independent DirectorAig, Malaysia Sep 2020 - Present
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Chief Agency Officer, Asia PacificAig Mar 2012 - Dec 2015New York, Ny, UsSenior executive in charge of the AIG, P&C agency distribution system including more than 85,000 agents & agencies across 10 countries.• Implemented a program featuring multiple components designed to strengthen AIG’s Agency value proposition. Implemented throughout Asia, the program was used to build the agency force in size, quality and productivity resulting in growth in sales and profitability. • Instituted a program significantly improving the technology employed by agents for client management, sales presentations, and new business processing and activity man-agement.• Significantly enhanced the system of compliance throughout the agency system including both administrative and sales management systems.• Implemented enhanced analytics systems to better manage activity, productivity and profitability. -
Director, Aig P&C, ChinaAig Nov 2013 - Nov 2015New York, Ny, Us
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Chairman Of The Board, Aig P&C TaiwanAig Oct 2013 - Nov 2015New York, Ny, UsWorked closely with local and regional management to develop and implement strategic growth plans. Also worked with the ownership of Nan Shan as the sale of the AIG P&C, Taiwan consumer business.
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President & CeoNan Shan Life Insurance Company, Ltd. Oct 2010 - Aug 2011TwWith the rejection of the sale of Nan Shan Life to the Primus/China Strategic consortium by the Taiwan regulator and the retirement of the CEO, assumed the lead of the company. Nan Shan has some 4 million policyholders, 33,000 career agents and 3,600 employees. The sale was completed successfully to Ruen Chen.• Key to the successful completion of the sale was the stabilization of earnings. During the process, a program of currency hedging was put in place turning a loss into a significant gain in profitability.• In order to maximize the value of the company to a buyer, it was essential that stability of the employee group be maintained. This was important given the turmoil in AIG dur-ing the financial crisis. Was able to accomplish this through frequent communications with the employee and agency groups, including an active agency union. -
DirectorNan Shan Life Insurance Company, Ltd. May 2009 - Aug 2011Tw
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Member Of The Board Of DirectorsTata Aig Life Jan 2009 - Nov 2010As the sole representative of AIG on the board, worked closely with the majority shareholder’s representatives to implement strategic growth plans and assure compliance with industry best practices for compliance and corporate governance
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Evp & Group Chief Agency OfficerAia Jan 2010 - Sep 2010Central, Hong Kong, HkGroup executive in charge of the AIA agency distribution system including more than 300,000 agents across 13 countries in Asia. •Maintained the stability of the agency force and oversaw an increase in sales and recruiting during the difficult period when senior management was exploring options for sale or IPO of AIA. -
Evp & Coo Greater China & IndiaAia Dec 2006 - Jan 2010Central, Hong Kong, HkIn December 2006 assumed the role of EVP & COO for the Asia Pacific Life Operation that encompassed the operations in India, Australia, Indonesia, and New Zealand. It was the fastest growing life region for AIG in Asia. In June 2008, the regional structure was changed to include China, two Taiwan life companies, Nan Shan and AIA, Taiwan, as well as TataAIG in India. As COO, responsible for senior management of agency and alternate channel distribution, marketing as well as operations. The regional team provides strategic leadership, transfer of best practices and governance to the individual countries.• In 2007, the region’s first year premium grew by 58% over prior year.• In 2008 and early 2009 provided senior leadership for the region restoring stability and direction during the AIG and worldwide financial crisis. Growth in production and re-cruiting as well as company profitability returned to normal levels by mid 2009.• Growth in agency as well as alternate distribution systems was significant across the re-gion. In particular, the India agency system has grown from 23,000 advisors at the be-ginning of 2007 to more than 130,000 at the end of 2009. Active agents and productivity measures have also improved across all companies.• Implemented disciplined approach to operational efficiency and expense control.
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Evp & General ManagerAia Mar 2004 - Nov 2006Central, Hong Kong, HkAIA, Malaysia operated as a branch of AIA headquartered in Hong Kong. The company distributed life and general insurance products through a variety of distribution methods including agency, bank, brokerage, and direct. With 1100 employees and some 8400 agents, the company had 1.4 million policyowners. • Accomplishments included implementation of an agent recruiting and development culture resulting in a significant increase in productive agents.• Broadened the distribution through use of worksite, direct sales and cross- sale/up-sale of customer base.• Significantly increased GAAP Profit each year.
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President & Ceo, Member Of The Board Of DirectorsAmerican General Life And Accident Insurance Company (Agla) Sep 2001 - Nov 2003AGLA was a major insurance and financial services provider serving policyholders via offices located in twenty-nine states. At the time it was the largest company in the Home Service market segment, with annual revenue of $1.5 billion, assets of $8.5 billion, $72 billion of insurance in force and over 7,000 employees and agents.• Accomplishments included significant increases in the size of the agency force, product sales, policy persistency and GAAP pre-tax operating income.• Expenses were significantly reduced over the period, including a cut in staff of 21%.
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President & CeoFusura Jan 2000 - Aug 2001At the direction of AIG Chairman M. R. Greenberg, this consortium of companies was formed to market auto, home and life products directly to consumers via the Internet. Consortium member companies were AIG, Prudential and Kemper. Successfully completed assignment when funding was obtained and the permanent CEO was hired.
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Evp & Chief Distribution OfficerAig Life Insurance Companies, Us Nov 1992 - Jan 2000New York, Ny, UsResponsible for driving the profitable sales growth of all individual products including life, fixed annuity, variable annuity and long term care insurance. Distribution conducted through career agents, independent general agencies, SunAmerica Broker/Dealer registered representatives, banks, national and regional Broker/Dealers and direct sales.
Richard Bender Skills
Frequently Asked Questions about Richard Bender
What company does Richard Bender work for?
Richard Bender works for Aig, Malaysia
What is Richard Bender's role at the current company?
Richard Bender's current role is Independent Director, Retired International Insurance Executive.
What is Richard Bender's email address?
Richard Bender's email address is be****@****ast.net
What is Richard Bender's direct phone number?
Richard Bender's direct phone number is +130259*****
What skills is Richard Bender known for?
Richard Bender has skills like Insurance, Underwriting, Life Insurance, Risk Management, Brokers, Strategic Financial Planning, Reinsurance, Financial Services, Business Strategy, Leadership, Health Insurance, Financial Analysis.
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