China Reinsurance Corporation announced that the National Financial Regulatory Administration (NFRA) has approved the qualification of Zhu Xiaoyun as an executive director.
Her term began on Feb. 24 and will continue until the expiration of the fifth session of the board of directors. She will also serve as a member of the board’s risk management committee.
The approval follows previous company announcements made on July 25, Oct. 8, and Dec. 26, 2024, regarding her election as an executive director and her nomination for the risk management committee.
With NFRA’s confirmation, her appointment is now in effect, subject to procedural requirements outlined in the company’s articles of association.
As of Feb. 24, Zhu no longer holds the positions of joint company secretary at China Re, chairman of China Property & Casualty Reinsurance Company Ltd., or secretary to the board.
Zhu holds a master's degree in finance, according to the company’s website. She joined China Re in 1998, holding various leadership roles in board operations, human resources, and CPC departments.
China Re’s board consists of nine directors, including three executive directors, three non-executive directors, and three independent non-executive directors.
The executive directors are chairman He Chunlei, vice chairman Zhuang Qianzhi, and Zhu Xiaoyun.
Non-executive directors include Yang Changsong, Jia Xiangxiang, and Zhou Zheng.
The independent non-executive directors are Jiang Bo, Dai Deming, and Ye Mei.
The board has five specialized committees: Strategy and Sustainable Development, Audit, Nomination and Remuneration, Risk Management, and Related-Party Transactions Control.
He Chunlei serves as chairman of the board, while committee leadership is divided among independent and non-executive directors.
Jiang Bo leads both the Audit and Nomination and Remuneration Committees, Dai Deming chairs the Risk Management Committee, and Ye Mei heads the Related-Party Transactions Control Committee.
Zhu Xiaoyun serves as a member of the Risk Management Committee.
China Reinsurance Corporation has established business platforms in Lloyd’s and Singapore and operates overseas offices in London, Hong Kong, and New York, covering Europe, Asia, and the Americas. In 2024, AM Best affirmed China RE with the financial strength rating of A (Excellent) and the long-term issuer credit ratings of “a+”.
With Zhu Xiaoyun’s appointment confirmed, how might this impact China Re’s governance and strategic direction? Share your thoughts in the comments.
