Financial Services Association, November 13 (Reporter Xia Shuyuan) Over the past half month, China Reinsurance (Group) Co., Ltd. (hereinafter referred to as “China Reinsurance”) has made major adjustments to the leadership teams of its three major subsidiaries.

On November 13, China Real Estate Insurance issued an announcement stating that the company held the 10th meeting of the 6th board of directors on November 8 (temporary) to elect Liu Yuanzhang as the chairman of the 6th board of directors of the company, and Zhu Xiaoyun will no longer serve.

A CIFA reporter noticed that on the eve of China Re Insurance's change of management, China Re Insurance's other two subsidiaries — China Re Life Insurance and China Re Asset — have all undergone important personnel changes. Among them, China Re Life Insurance has elected Tian Meipan as the chairman of the company's 6th board of directors and nominated Li Qi as the company's general manager; China Rae Asset has elected Li Wei as the chairman of the company's 5th board of directors and appointed Zhai Qingfeng as the company's general manager.

Industry insiders told the Financial Federation reporter that the personnel changes in the three major subsidiaries of China Reinsurance are mainly to implement the Group's requirement not to hold a regular position as the chairman of the subsidiary. Also, according to people familiar with the matter, after this personnel adjustment, Tian Meipan's position in the group will be promoted from Assistant President to Deputy General Manager. However, at present, China Reinsurance's official website has not updated this personnel appointment.

According to reports, China Reinsurance is the national team and main force in China's reinsurance industry. It is also the largest reinsurance group with reinsurance premiums in Asia and the 8th largest in the world. It was founded by the Ministry of Finance and Central Huijin, with a registered capital of 42.48 billion yuan. Central Remittance and the Ministry of Finance hold 71.56% and 11.45% of the shares separately.

Currently, China Re Group has 7 directly controlled domestic subsidiaries, including two reinsurance companies, China Re Asset Insurance, an asset management company, Dadi Insurance, an insurance intermediary company, Huatai Insurance Brokers, and China Re Catastrophe Management Company, as well as several overseas subsidiaries and overseas branches that are directly or indirectly controlled.

Liu Yuanzhang plans to become the chairman of China Regeneration Insurance; Zhu Xiaoyun will no longer be the chairman

On November 13, according to an interim information disclosure announcement issued by China Real Estate Insurance, the company held the 10th meeting of the 6th board of directors on November 8, 2024 (provisional) to elect Liu Yuanzhang as the chairman of the 6th board of directors of the company. After obtaining approval of the qualifications of the State Administration of Financial Supervision and Administration, the company issued a document appointing him to perform his duties.

According to public information, Liu Yuanzhang was born in February 1978 with a master's degree in economics. He is currently an assistant to the president of China Reinsurance, a joint company secretary, and also serves as Director of Human Resources, Director of the Organization Department of the Party Committee, and General Manager of the Human Resources Department.

According to reports, Liu Yuanzhang joined China Reinsurance in 2004 and has held positions such as Director of the Company's Human Resources Department (Party Committee Organization Department), Assistant General Manager, Party Secretary and Chairman of Huatai Insurance Brokers.

At the same time that Liu Yuanzhang plans to become the chairman of the board of directors, China Real Estate Insurance simultaneously announced that Zhu Xiaoyun will no longer serve as the chairman of the sixth board of directors of the company.

According to public information, Zhu Xiaoyun was born in August 1975 with a master's degree in finance. He is currently the vice president and board secretary of China Reinsurance. He joined China Reinsurance in 1998. He has served as Deputy Director of the Board Office, Director of the Office (Party Committee Office), Director of the Organization Department of the Party Committee, General Manager of the Human Resources Department, Director of Huatai Insurance Brokers, and Director of China Banking Insurance Media.

Tian Meipan promoted to become the chairman of China Re Life Insurance, and Li Qi plans to become the general manager

It's a coincidence. On the eve of a change in the top management of China Re Insurance, China Re Life Insurance, another subsidiary of China Reinsurance, ushered in a full change of generals.

On October 22, China Re Life Insurance held the 9th meeting of the 6th board of directors (provisional), agreeing that Zhuang Qianzhi would no longer be the chairman of the sixth board of directors of the company and that Tian Meipan would no longer be the general manager of the company.

Meanwhile, the board of directors of the company elected Tian Meipan as the chairman of the sixth board of directors of the company and nominated Li Qi as the company's general manager. Before his qualifications were approved, Li Qi acted as the company's general manager as a temporary manager.

According to public information, Tian Meipan was born in 1974. Before joining China Reinsurance, he was a former insurance teacher at Nankai University. Since joining China Reinsurance, he has been working in the life insurance business department. Since joining China Reinsurance, he has been working in this position for 9 years as a cadre in China Reinsurance's life insurance business department, head of the risk management department of China Reinsurance, chief actuary, deputy general manager, and deputy secretary of the Party Committee.

According to reports, Li Qi is currently the only “post-80s” member among China Life Insurance executives. In addition to the proposed position of general manager, Li Qi is also the chief investment officer of China Re Life Insurance, and also serves as a director of China Resources and a director of Dadi Insurance.

According to public information, Li Qi was born in September 1981. He is a North American actuary. He studied at the Renmin University of China School of Statistics. After graduation, he joined China Re Life Insurance and has been serving since then. During this period, he has served as Deputy Director of the Underwriting Department, General Manager of the Product Actuarial Department, and General Manager of the Information Technology Department.

In March 2022, Li Qi was approved as an assistant to the general manager of China Re Life Insurance. In less than a year and a half, he became the deputy general manager of China Life Insurance in July 2023. Now, after 1 year and 3 months, I was promoted to become the proposed general manager of China Life Insurance.

Li Wei was promoted to the position of Chairman of China Re Asset Management, and Zhai Qingfeng proposed to be the general manager

In addition to the executive adjustments of the two reinsurance companies, China Re Insurance and China Re Life Insurance, the Finance Association reporter noticed that China Re Asset, an asset management company under China Re Insurance, has also experienced important personnel changes.

According to a CFA reporter, China Re Asset recently held the 3rd Extraordinary General Meeting of Shareholders in 2024 and the 20th (Provisional) Meeting of the 5th Board of Directors to review and elect Li Wei as the chairman of the 5th board of directors of China Re Asset. Zhuang Qianzhi is no longer the chairman of China Re Asset.

Meanwhile, the company's board of directors appointed Zhai Qingfeng as general manager of China Re Asset. Zhai Qingfeng was appointed as the temporary head of China Re Asset Management before his qualifications were approved. Li Wei is no longer the general manager of China Re Asset.

According to reports, Li Wei has many years of experience in the financial industry and is experienced in insurance risk and asset liability management.

He worked for Huatai Financial Insurance, Everbright Yongming Life Insurance, and Everbright Yongming Asset Management, and later joined the China Reinsurance System. He was the Deputy General Manager of Dadi Financial Insurance, General Manager of China Reinsurance Strategy Client Department, Vice Chairman, Deputy General Manager, Interim Compliance Officer, and Chairman of China Re Asset (Hong Kong).

Judging from the resume of the proposed general manager Zhai Qingfeng, he has worked for Ping An Life Insurance, Central Huijin Company, and a member of the Party Committee and Deputy General Manager of China Re Life Insurance. He was also the general manager of the company's Shanghai branch and general manager of the underwriting and claims department.

In addition, Zhai Qingfeng also has more than 10 years of equity management experience in enterprises (insurance institutions) directly managed by the Central Huijin Company. He is familiar with the macro situation in the insurance industry and insurance supervision policies and regulations, and has management experience in the fields of market expansion, insurance products, and industrial and financial innovation.