Press release

Press release

Lilia de Lima joins Board of FWD Life Philippines

25 June 2018, Manila, Philippines – Former Director General of the Philippine Economic Zone Authority (PEZA), Lilia B. de Lima, has been appointed as Member of the Board of FWD Life Philippines, one of the fastest-growing insurance companies in the country.

June 24, 2018
FWD Life Philippines
25 June 2018, Manila, Philippines – Former Director General of the Philippine Economic Zone Authority (PEZA), Lilia B. de Lima, has been appointed as Member of the Board of FWD Life Philippines, one of the fastest-growing insurance companies in the country.

De Lima, whose appointment takes effect 21 June, served as the first Director General of PEZA from 1995 to 2016. As PEZA Head, De Lima was responsible for building the agency into a showcase of successful regulatory reform, a model institution of honest and committed public service, and a key contributor to the nation’s economic growth. She was a recipient of the 2017 Ramon Magsaysay Award for her “unstinting, sustained leadership in building a credible and efficient PEZA, proving that honest, competent and dedicated work of public servants can, indeed, redound to real economic benefits to millions of Filipino.”¹

De Lima was also conferred The Order of the Rising Sun, Gold and Silver Star, the highest award given to a non-head of state, by the Government of Japan. Other notable awards include: The Outstanding Women in the Nation’s Service (TOWNS) in the field of law, 2011 Government Service Award by the Ateneo de Manila University, Management Man of the Year 2010 by the Management Association of the Philippines, among others. Known as an unflinching, formidable, and passionate public servant, De Lima also serves as a concurrent director of several companies and institutions.

“We’re delighted to welcome Lilia de Lima to the FWD Board. She will be a great addition as FWD continues to establish itself as a significant player in the Philippines life insurance landscape,” said FWD Life President and Chief Executive Officer Peter Grimes. “Her wealth of experience, insights, and influence will be a great asset in fulfilling our vision of changing the way people feel about insurance.”

“I’m delighted to become part of FWD Life’s Board of Directors and help the company realize its business aspirations in the Philippines. With its bold vision of changing the way people feel about insurance, FWD is focused on delivering the best possible customer experience and financial protection for Filipinos today,” De Lima said.

Former Ambassador to the United States of America (USA) and FWD Life Philippines Chairman of the Board Jose L. Cuisia Jr. said, “Atty. De Lima’s expertise in the fields of economics and investor relations as well as her fresh perspective coming from public service will help boost our company’s strategy, as we continue to build robust business operations. I have no doubt her abilities and experience will contribute significantly in helping to sustain FWD’s growth momentum.”

About FWD Philippines

FWD Life Insurance Corporation (“FWD Life”) is the first life insurance company licensed by the Insurance Commission of the Philippines under the new Insurance Code. FWD launched its commercial operations in September 2014. By March 2017, FWD Life is the highest-capitalized life insurer in the Philippines with PhP 2.3 billion in paid-up capitalization.1 Based on premium income data published by the Insurance Commission2, FWD Life now ranks 10th in the insurance industry in terms of weighted new business premiums.3

FWD Group spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, and Japan, offering life and medical insurance, general insurance, and employee benefits across a number of its markets. Established in Asia in 2013, FWD is the insurance business arm of investment group, Pacific Century Group. In the Philippines, FWD has nine business hubs located in key cities nationwide with its headquarters in Bonifacio Global City in Taguig.

FWD is focused on creating fresh customer experiences, with easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD aims to become a leading pan-Asian insurer that changes the way people feel about insurance.

For more information please visit

1 > Statistics > 2017 > Based on Paid-Up Capital
2 > Statistics > 2017 > Based on Premium Income
3 Weighted New Business Premium Income: 100% of first-year premium on regular-pay plans + 10% of single-pay premiums

Media Inquiries:

FWD Life Insurance Corporation
Rochelle R. Vandenberghe
Head of Marketing
FWD Life Philippines
(T) +63 2 5587306