Tahoe Life Insurance has appointed Allan Yu (pictured) as chief executive officer, effective January 01.
According to a statement from the Hong Kong-based insurer, Yu will be responsible for expanding Tahoe Life’s share in the Hong Kong life insurance market. He will drive further growth and sales through multiple distribution channels, as well as capitalising on the opportunities brought about by the development of the Greater Bay Area, it added.
Yu joined parent firm Tahoe Investment Group upon the acquisition of Dah Sing Life Assurance Company Limited and Dah Sing Insurance Services Limited in 2016, playing a significant role in the process. He became executive director of Tahoe Life in 2017 following the successful completion of the acquisition. He is currently honorary secretary of the Insurance Complaints Bureau.
In the past, Yu held several important positions in the Hong Kong insurance industry, such as chairman of the Motor Insurers’ Bureau of Hong Kong from 2004 to 2006, chairman of the Hong Kong Federation of Insurers (HKFI) from 2010 to 2011, and chairman of the HKFI’s General Insurance Council from 2015 to 2016. He has over 45 years’ experience in the insurance industry, in both the life and general segments.
“Allan is an industry veteran who has outstanding leadership capabilities and extensive networks within the industry,” said Huang Qisen, chairman of Tahoe Investment Group. “I have the highest confidence in Allan and his team who can lead Tahoe Life to drive profitable growth with the unanimous support of the board.”
