Fong's hiring comes after a protracted search that sought to find a leader with a strong foundation in finance and actuarial science to accelerate the company's development trajectory.

Annuity, life, health, and general reinsurance products are areas of expertise for Front Street Re. The company's goal includes creating cutting-edge, customized solutions that meet the needs of small- and mid-sized insurers, especially those with limited access to cash and technology.

Fong joins the firm with a lot of expertise, having worked at Converge Re, a US-based reinsurance company that specializes in asset-intensive reinsurance for the life and annuity markets. His experience in project management, risk assessment, and actuarial tasks has been enhanced by this, in addition to his time at Manulife Financial, a prestigious international insurance firm.

Ian Lim, President of Front Street Re and CEO of Lexasure Financial Group, expressed confidence in Fong's capacity to promote efficiency and innovation inside the organization in a statement. "Please join me in congratulating Edison on taking over as CEO of Front Street Re," he said. His extensive background in actuarial science, keen financial sense, and unwavering determination to succeed will be invaluable in propelling more innovation and productivity as we go forward with this next stage of forging international alliances. I'm thrilled to announce Edison's hiring today since Lexasure is dedicated to Front Street Re's ongoing expansion.

"I am incredibly excited to be joining the Lexasure family and expanding our North American footprint with Front Street Re," Fong continued in his remarks on his hiring. Across all business lines served by growth-constrained small- and mid-sized insurers with limited access to capital and technology, there is undoubtedly a demand for creative and customized reinsurance solutions. I think Lexasure's approach of combining digital platforms with customized products to lower customer transaction costs and strengthen the global insurance ecosystem is long overdue in this market, and I look forward to exploring a variety of new alliances to jointly support and expand the insurance sector.”