Insurance broker Lockton has received approval from the China Insurance Regulatory Commission (CIRC) to open a new branch office in China, based in Beijing.
The new office will be run by Alex Jiang, who will be joined by a number of associates. He will report to Gerry Callaghan, CEO and president for Lockton’s Greater China operations.
Jiang joined Lockton in March 2010. He has overseen Lockton’s wholly owned foreign enterprise license application process for the Beijing office. Jiang was previously assistant general manager and head of Financial Risks Practice and Corporate Business Practice in Northern China for HSBC Insurance Brokers.
Lockton said the Beijing branch office will operate as a full-service broker, offering specialist insurance and reinsurance services as well as risk management expertise and knowledge to Chinese-based companies. In particular it will focus on developing professional liability, property/casualty and international insurance in and around Beijing.
This is Lockton’s second branch office in China.
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