Insurance moves: Generali, Coface, Lockton China, Prudential Hong Kong, West P&I

Moves span China, Hong Kong, Singapore, and Korea, and include a new CEO

Insurance moves: Generali, Coface, Lockton China, Prudential Hong Kong, West P&I

Insurance News

By Roxanne Libatique

International insurers and intermediaries are reshaping their leadership structures in Asia with a series of senior appointments across China, Hong Kong, Singapore, and Korea. Generali, Coface, Lockton China, Prudential Hong Kong Limited, and West P&I have each created or filled roles tied to regional oversight, technology strategy, commercial development, and local representation.

Generali sets new regional structure around China role

Generali has appointed Sun Lei (pictured above) as deputy regional officer, Asia, effective March 9. Based in Hong Kong, he reports to Asia regional officer Rob Leonardi. The role gives Sun responsibility for oversight of Generali’s China-based entities and coordination with joint venture partners and other stakeholders, while also involving him in regional project initiatives. Part of the remit is to contribute to the group’s sustainability agenda in Asia, in line with global priorities. “Asia – and especially China – remains a key growth market for Generali’s Lifetime Partner strategy. Sun Lei’s appointment reinforces our commitment to building a stronger footprint in this dynamic region while deepening our strategic relationships and operational excellence,” Leonardi said.

Sun has more than two decades of experience in insurance, finance, and M&A across Asian and European markets. His previous positions include president and CEO of Allianz Korea Life, deputy general manager and CFO at Allianz China Insurance Holding, and a senior M&A role at Allianz SE focused on Asian transactions. “I am honoured to join Generali at such an exciting moment in its Asian growth journey,” Sun said, noting that he aims to work with regional leadership to reinforce the group’s presence in China and the wider region.

Coface names commercial director in Singapore

Coface has appointed Priscilla Ng (pictured immediately above) as commercial director for Singapore, effective March 10. She reports to Grishma Kewada, chief executive and country manager (Singapore). Ng will be responsible for commercial planning and execution in the Singapore market, including broker and client engagement, portfolio development, and support for trade credit risk management. The role links local sales activity with Coface’s regional trade credit priorities. She joins from AIG, where she was head of sales for APAC trade credit. Before AIG, Ng held sales leadership roles at Abbott, managing teams across Singapore and Brunei.

Kewada said the appointment supports Coface’s growth objectives in the market. “We are delighted to welcome Priscilla to Coface. With her strategic mindset and strong relationship-driven approach that has consistently translated into commercial results, Priscilla will be a valuable asset to Coface’s next phase of growth in Singapore, reinforcing our commitment to supporting businesses with stronger risks insights and credit solutions,” Kewada said.

Lockton China appoints CEO to lead mainland operations

Lockton has appointed Livy Dai as CEO of Lockton China, based in Shanghai and reporting to Alex Yip, CEO of Lockton Greater China. The position brings overall responsibility for the broker’s mainland China operations under a single leadership role. Dai has nearly 30 years of experience in risk management and insurance broking, primarily with Aon. He was a founding member of Aon-COFCO Insurance Brokers Co., Ltd. in 2002, later establishing the Nanjing office and overseeing the rollout of additional branches across the country. Most recently, he served as deputy general manager and head of key account management.

His background includes business strategy development, client relationship management, design of risk solutions for Chinese corporates, and coordination with regional and global teams. Dai was recognised as a Shanghai Leading Financial Talent in 2021 and holds an MBA as well as a bachelor’s degree in electronics engineering. “We are excited about Livy joining Lockton as CEO, China to lead and support the growth of this dynamic and fast developing economy. This further enhance our Lockton commitment in attracting top talents. Livy and I will work closely together to ensure that our unique Greater China advantage will continue to benefit our clients and Associates,” Yip said.

Prudential sharpens Greater China technology oversight

Prudential Hong Kong Limited has appointed Alex Wong (pictured immediately above) as chief information technology officer (CITO) for Hong Kong and Macau and, in parallel, as regional CITO for Greater China. The appointment is effective immediately. Wong reports to Lawrence Lam, CEO of Prudential Hong Kong Limited, and to Anette Bronder, chief technology and operations officer, Prudential plc. Wong will direct Prudential Hong Kong’s technology strategy, including digital platforms used by customers, employees, financial consultants, and business partners. At the regional level, he is responsible for technology planning and delivery across Greater China, with a focus on architecture, scalability, and resilience of core systems. He brings more than 30 years of technology leadership experience in the insurance sector. Wong joins from Chubb Life, where he was CIO for Hong Kong, and has previously held senior roles at Sun Life and AXA. His work has covered areas such as AI and cyber governance, application architecture, distribution platforms, and enterprise modernisation.

Lam said: “Alex is a seasoned leader with a proven track record in steering digital transformation and innovation within the insurance sector. His extensive experience in transforming technology platforms and building scalable digital architecture will be critical to our ambition to lead the market in delivering simpler, faster, and more personalised experience to our customers and financial consultants alike.” Wong said: “I am honoured to take on this pivotal role and work with the talented team to advance Prudential’s technology strategy and capabilities. Our focus will be on leveraging innovation to create an exceptional and seamless digital experience for all our stakeholders, which is fundamental to driving our continued excellence and future growth.”

West P&I formalises representation in Korean shipping market

Protection and indemnity club West P&I has entered an exclusive consultancy agreement with Seoul-based WIK Marine Consultant Co., Ltd. and appointed its director, S. R. Kim, as its exclusive representative in Korea. Based in Seoul, Kim will support West’s activities in Korea by handling industry engagement, market education, information-gathering, and communication with members and brokers. He will also provide local insight on the Korean shipping and insurance market to West’s regional and head office teams.

Kim has more than 24 years of experience in maritime insurance, claims management and risk advisory. He previously served as director and team leader of the P&I claims team at the Korea Shipowners’ Mutual Protection and Indemnity Association, and has held senior positions at Samsung SDS and Pan Ocean. He holds an LL.M. in maritime law from the University of Southampton and the P&I Qualification (PQ) from the International Group of P&I Clubs.

Tony Paulson, head of Asia and corporate director at West, said: “We are delighted to welcome S. R. Kim as the exclusive representative for West in Korea. His extensive experience in maritime insurance and claims management, together with his deep understanding of the Korean shipping market, makes him exceptionally well placed to support our members and partners in the region.” Kim said: “I am honoured to represent West in the Korean market. Korea continues to play a central role in global shipping, and I look forward to working closely with shipowners and industry partners to support West’s members and further strengthen the club’s presence in the region.” West said the new representation arrangement does not change the role of its existing listed correspondents in Korea, who continue to assist members and entered vessels at Korean ports.

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