Swiss Re Corporate Solutions merges China and North Asia unitsNovember 28 2018 by Andrew Tjaardstra
InsuranceAsia News understands Swiss Re Corporate Solutions is forming a new Greater China operation integrating its China and North Asia divisions.
The changes will take effect from January 1, 2019 and will involve the integration of management, sales and underwriting teams to help drive efficiencies in China and North Asia, which includes Hong Kong, Macau and Taiwan. The firm has offices in Beijing, Hong Kong and Shanghai.
As a result Jingwei Jia, Swiss Re Corporate Solutions’ chief executive of China, will become chief executive of Greater China from January 1, 2019, while Dylan Bryant, head of North Asia, will transition to a new role supporting strategic projects and assisting with the set-up of the Greater China operations. Jingwei Jia will remain based in Shanghai.
InsuranceAsia News also understands Sandeep Gopal, chief risk officer for Asia Pacific, will relocate to Hong Kong and, subject to regulatory approval, become chief executive of Swiss Re Corporate Solutions’ Hong Kong branch on an interim basis.
A new chief underwriting officer role for Greater China will also be established. In the interim Lorenz Isam, head of broker management for Asia, will work with the underwriting and sales teams across China and Hong Kong.
Jonathan Rake, chief executive Asia Pacific Swiss Re Corporate Solutions, told InsuranceAsia News: “We can confirm that Swiss Re Corporate Solutions will be forming a Greater China operation, which will be a combination of Swiss Re Corporate Solutions’ China and North Asia operations. We are excited about this move as it will allow us to bolster our commitment and capabilities in the region.”
“Our existing, sales and underwriting teams in China and North Asia will now be integrated into the Greater China operation. This will allow our new cross-border team to provide greater operational scale to drive efficiencies and to focus more time on our commitment to clients and working even more closely with our strategic broking partners.”
“We are confident that this move will provide greater support and experience from our dedicated on-the-ground teams in China and Hong Kong.”
Earlier this year Jacky Chan left his Hong Kong role as head of sales, broker distribution and client management, North Asia. He had been at the firm since March 2013. InsuranceAsia News understands Swiss Re Corporate Solutions is currently looking for a replacement for the role.
- January 21
China has recommitted to opening up its market to foreign insurers.
- January 17
Chinese insurer's technology arm to support Singapore ride-hailing firm's insurance push.
- January 14
Improving data has allowed the reinsurer to provide more tailored parametric cover.
- January 10
Debt-laden Chinese conglomerate is looking to raise funds quickly.