Mr. Penafiel has more than 25 years of experience in the Philippine non-life insurance industry, of which 17 is spent at AIG where he first started as an Energy Underwriter. As the current Head of Commercial Property, he is instrumental in growing the books and positioning AIG Philippines as the go-to insurer for capacity driven accounts. Mr. Penafiel also initiated the remediation for the Commercial Property books in 2019 to transition it to a more profitable and less volatile portfolio.
Mr. Penafiel holds a degree in Bachelor of Science major in Mathematics from Ateneo de Manila University.