Lloyd’s announced the appointment of Eric Gao, formerly Director & General Manager of Swiss Re’s Beijing branch, as its new CEO for Lloyd’s Reinsurance Company (China) Ltd.
He “will focus on strengthening Lloyd’s existing relationships and developing new ones within the Chinese insurance market,” said the bulletin. “His appointment is subject to the regulator’s approval.
Gao has spent almost 30 years within the insurance industry. Before joining Lloyd’s, he was Director and General Manager of Swiss Re, Beijing branch. He has held management roles at China America Insurance Co in Hong Kong and The People’s Insurance Company of China twice, both in Beijing and in London. He has also been an Executive Director of the China Insurance Institute since 2005.
Jose Ribeiro, Director, International Markets, commented: “We are delighted that Eric has joined Lloyd’s; his experience of the Chinese market will be invaluable. We have spent the past 18 months learning the business and developing our knowledge of the Chinese market, we now look forward to using Eric’s local experience and knowledge to move Lloyd’s Reinsurance Company (China) Ltd. to the next stage.”
Lloyd’s said Gao’s appointment “represents the next stage in the development of Lloyd’s Reinsurance Company (China) Ltd., which has already seen 15 syndicates signing on to the platform since its opening in 2007.”
Source: Lloyd’s – www.lloyds.com