Reinsurance broker Guy Carpenter & Co. says it has received approval from the China Insurance Regulatory Commission to open a new branch office in Shanghai, China.
The new branch will be headed up by Phil Xue.
Guy Carpenter says the opening is part of its efforts to build a strong presence in China.
Earlier in the year, Guy Carpenter says it expanded its leadership team in China by appointing Hong Guo, as deputy chief executive officer, and Vienna Cheung, as chief operating officer, of the firm's China operations.
Hong Guo's appointment was recently approved by China's regulators.
Guy Carpenter is a member of the financial services firm Marsh & McLennan Companies, which also owns the insurance brokerage firm Marsh.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
