MANILA, Philippines - The Board of Trustees of the largest Filipino life insurer, Insular Life, elected Luis C. la Ó as the new chairman of the Board of Trustees in place of Victor Valdepeñas who resigned effective July 31.
Filling up the vacancy created by Valdepeñas resignation, the board elected Nico Jose Nolledo as its new member, also effective July 31.
La Ó has been a member of the Insular Life Board of Trustees since January 2015. He was formerly the chairman of the board of Mapfre Insular Insurance Corp. He has come full circle, having started his insurance career as a management trainee of the Insular Life –FGU Insurance Group. He eventually became the senior vice president of Universal Reinsurance Corp. before moving to Provident Insurance Corp. as president.
He joined Mapfre, the largest Spanish insurance group as regional vice president for Asia of the Mapfre Group. He has served as director in the boards of Mapfre Internacional and Mapfre Re in Madrid, Spain.
Nolledo is a recognized information and communications technology pioneer since his founding of PinoyExchange in 1999. He has since then founded and occupied various directorships in companies involved in innovative consumer technology and transformative technopreneurship. He is the chairman, chief executive officer and president of Xurpas Inc., a technology company specializing in the creation and development of digital products and services. Nolledo is a 2015 Ernst and Young (EY) Entrepreneur of the Year Awardee and a 2015 The Outstanding Young Men or TOYM Awardee. He is a graduate of Ateneo de Manila University with a Bachelor of Science degree in Management.