FWD Life Insurance Corp. (FWD Philippines) announced last May 29 the appointments of Manolito T. Tayag and Henry Joseph M. Herrera as the newest independent members on its Board of Directors.
The insurer said the two were officially appointed on May 23, 2023. Their addition follows the recent appointment of Manuel G. De Rosas as president and CEO.
As independent directors, Tayag and Herrera will oversee FWD Philippines “toward its growth strategies for local business operations,” the insurer’s statement read. “They will be instrumental in advancing corporate credibility and raising governance standards with their objective and balanced perspectives.”
A graduate of Management Engineering from the Ateneo De Manila University, Tayag served as the Philippines country managing director for Accenture Plc. for more than 12 years. He was also a trustee of the Information Technology and Business Process Association of the Philippines (IBPAP) from 2011 to 2021 and served as its chairman from 2017 to 2021.
Herrera graduated from the University of the Philippines-Diliman with Master of Business Administration in 1986 and B.S. Statistics cum laude in 1980. Herrera’s career in the life insurance industry started in 1980 with the Insular Life Assurance Corp. up to 2021 as Chairman of the Board for Pru Life UK (Philippines). He was a past president of the Philippine Life Insurance Association, the umbrella organization of life insurance companies in the country. Herrera was also a past president of the Actuarial Society of the Philippines.