Markel Insurance, part of Markel Group Inc, has announced the appointment of Chelsea Jiang (pictured) as managing director for Greater China.
Based in Hong Kong, Jiang will be responsible for Markel’s business activities in both Hong Kong and Shanghai.
Her remit includes advancing the company’s regional strategy, broadening its product portfolio, and reinforcing relationships with brokers and clients in the Greater China market.
Jiang brings experience from her previous role at AXA, where she was chief technical and innovation officer for the general insurance segment in Greater China.
Her background includes leadership in underwriting and product development, with a focus on commercial and operational delivery in the insurance sector.
Jiang will report to Sucheng Chang, Markel’s managing director for Asia-Pacific.
Kevin Leung, chief underwriting officer for Asia-Pacific, said Jiang’s arrival is intended to support the company’s growth ambitions in the region.
“Chelsea’s appointment marks an exciting new chapter for Markel in Greater China. Her leadership, regional expertise, and ability to connect strategy with execution make her a strong addition to our team. I look forward to working with her to further accelerate our growth and build on the strong foundations laid by our teams in Hong Kong and Shanghai,” he said.
Sucheng Chang commented that Jiang’s leadership is expected to create stronger alignment between the Hong Kong and Shanghai teams.
“With both our Hong Kong and Shanghai teams reporting into her, we’re confident Chelsea will bring greater alignment, foster stronger collaboration, and help unlock the full potential of our teams across the region. Her leadership will ensure a unified and strategic approach as we continue to scale in one of Asia Pacific’s most important markets,” he said.
In a separate development, Markel has named Jasminder Kaur as the leader of its Malaysian operations.
Kaur will focus on expanding Markel’s business in Malaysia and supporting its reinsurance activities under the company’s Tier 2 licence in Labuan. She will report to Kevin Leung.
Kaur has nearly 30 years of insurance industry experience, most recently as CEO of MP Honan Insurance Brokers Sdn Bhd, where she guided the firm’s transition to an international boutique broker. Her prior roles include chief broking officer at Aon Insurance Brokers Sdn Bhd.
The appointments come after Markel Group’s first quarter 2025 earnings report, which showed a decline in operating revenue and income compared to the same period last year.
The company cited lower market values in its equity portfolio as a primary factor, in contrast to the more favourable results reported in the first quarter of 2024.
