Chin Feng set to leave Aon Hong Kong — sources
July 23 2021 by Andrew Tjaardstra
InsuranceAsia News (IAN) understands that Chin Feng, a corporate director at Aon Hong Kong, is set to leave the broker in September.
Before joining the global broker in the Special Administrative Region (SAR), Feng (pictured) was previously Hong Kong and Greater China chief executive for Allianz Global Corporate Specialty (AGCS).
An Aon spokesperson confirmed to IAN on July 22 that Feng will leave the firm and is set to relocate to China and join his family in Shanghai.
Aon is currently in the process of gaining regulatory approval from a number of antitrust regulators in the region– including in Australia, New Zealand and Singapore — for its merger with global broking rival Willis Towers Watson (WTW). China and Taiwan have already approved the deal, while such a process doesn’t need to be undertaken in Hong Kong.
The biggest hurdle for the completion of the deal is with an objection from the US Department of Justice (DoJ). In June, the DoJ initiated a lawsuit to block the transaction citing several major competition reasons in the US market — including higher prices and decreased quality — as to why the merger should not go ahead. Traditionally the second major player (Aon) in a particular US market or industry has difficulties merging with the third (WTW).
Although the DoJ noted Aon and WTW have agreed to proposed divestitures — most notably that of Willis Re to Gallagher — to appease other regulators such as the European Union’s antitrust authority, the complaint alleges these “proposed remedies are inadequate to protect consumers in the US”.
In a joint statement responding to the DoJ’s action, Aon and WTW said: “We disagree with the US DoJ’s action, which reflects a lack of understanding of our business, the clients we serve and the marketplaces in which we operate.”
An initial Washington court date has been set for a trial on November 18. For more IAN insight and analysis on the ongoing broker mega merger, see here.
-
Coface names Darren Chan country manager for Malaysia, head of Philippines
- April 9
He has been with the trade credit insurer since 2016.
-
Ex-Wallabies captain Michael Hooper joins Aviso Specialty as consultant
- April 9
He is the most capped captain in the history of the Australia rugby union team.
-
Tarun Mathur resigns as Policybazaar Insurance Brokers CEO, replaced by Sajja Praveen Chowdary
- April 8
Mathur cites 'personal commitments' as the reason for his exit.
-
Pinnacle Underwriting appoints Brendan McDonald to lead casualty, financial lines offering across APAC, MENA
- April 8
MGA has secured an exclusive broad form facility with dedicated capacity across product and public liability, professional indemnity and directors and officers liability reinsurance.
-
BHSI | D&O in Asia in 2026: navigating geopolitics, insolvencies, and digital crackdowns without breaking the bank
A soft market presents organisations with opportunities to strengthen resilience, although the abundance of capacity is unlikely to persist.
-
QBE | Elevating customer experience, humanising claims: QBE Asia’s ‘Solutions in a Box’
Vastly improving turnaround times and personalising service delivery, QBE Asia’s award-winning, end-to-end bundled claims solutions is a game-changer for the insurance industry.
-
Beazley | What does cyber protection look like from day 1 to day 600 and beyond?
Cybersecurity is no longer just an IT concern, but a governance issue that belongs on the boardroom agenda.
-
Sedgwick | Preparing for the next storm
Insurance industry needs to recalibrate, invest in innovation and strengthen systems, talent and data practices.
