Recently, China Taiping Group issued an announcement stating that the group's executive director and president He Qing resigned from the position of director and president of the company due to work changes.
Insurance companies have changed frequently. According to statistics from reporters from China Insurance News, since the second half of 2019, 17 insurance industry executives have taken up their new position.
Among them, the personnel acquisition of companies such as China Insurance, China Life Insurance, China Taiping Insurance, and Xinhua Insurance has attracted particularly attention from the market.
Let's take a look at the changes in executives of these four companies in detail:
0 1
China Insurance and China Life's senior personnel exchange
China Insurance held a meeting on June 4 and appointed Xiao Jianyou as a member of the Party Committee and vice president of China Insurance. Previously, Xiao Jianyou served as vice president of China Life Insurance Co., Ltd.
Public information shows that Xiao Jianyou has performed his duties in the Jiangsu Branch of China Life Insurance for many years. He has successively served as general manager of the individual insurance department of Jiangsu Branch, deputy general manager, assistant general manager, general manager and other positions. In 2015, he was transferred to China Life Corporation as the assistant to the president and has served as vice president of China Life since October 2016.
Just before Xiao Jianyou joined China Life Insurance, Sheng Hetai, former vice president of China Life Insurance, has served as vice president of China Life Insurance.
Public information shows that Sheng Hetai entered China Insurance Company in July 108. By September 2007, he served as deputy director of the Product Development Center, deputy general manager of the Research and Development Department (in charge of work), general manager of the Equity Management Department/Risk Management Department, and general manager of the Strategic Planning Department from September 2007 to March 2017. Since March 2010, he has served as assistant to the president of China Insurance Group and served as vice president from June 2014 to May 2019.
In addition, Shenghetai served as the supervisor of PICC Property Insurance from August 2006 to June 2015, was appointed as the chairman of Zhongsheng International from November 2013, was appointed as the chairman of PICC Reinsurance from November 2016, and was also the chairman of PICC Capital from March 2018.
As two large state-owned financial insurance companies, it is not the first time that senior executives have been interoperable. Miao Jianmin, the current chairman of China Life Insurance, was transferred from the vice chairman, president and deputy secretary of the Party Committee of China Life Insurance to the president of China Life Insurance in April 2017, and later served as chairman. Bai Tao, president of China Insurance, also served as vice president of China Life from May 2014 to August 2016.
China Insurance Chairman Miao Jianmin
0 2
China Insurance He Qing resigns and may become the Secretary of the Party Committee of Guotai Junan Securities , Chairman
Public information shows that He Qing, 47, has experience in working across the two fields of banking and insurance. Before joining China Pacific Insurance, he served as a clerk in the international business department of the Shanghai Branch of Industrial and Commercial Bank of China, manager of the corporate finance department of the Shanghai Branch of Chase Bank, manager of the international business department of the Shanghai Branch of the United States, manager of the international business department of Shanghai Bank, assistant to the president of the Pudong Branch, general manager of the international business department of Shanghai Bank, general manager of the financial department, assistant to the president and vice president, and chairman of the Shanghai Minhang Shangyin Rural Bank (concurrently).
In 2015, He Qing transferred from the position of vice president of Shanghai Bank to China Pacific Insurance Group, and has successively served as vice president of China Pacific Insurance, director of Pacific Property Insurance, and director of Pacific Life Insurance. Several media reported that He Qing will serve as Secretary of the Party Committee of Guotai Junan Securities and Chairman.
"Find certainty from uncertainty" is a principle that China Taiping Insurance's new executives have always followed. In 2018, China Pacific Insurance launched the transformation 2.0, focusing on the five key words of "talent, digital, collaboration, management and control, and layout", and comprehensively launched 13 transformation projects including innovation and coordinated development of the talent construction system. In 2018, China Taiping Group headquarters completed its first organizational structure reform 11 years after its listing.
0 3
Xinhua Insurance’s change of coaching has finally settled. Liu Haoling was elected chairman
Since 0,000 submitted his resignation on January 16 this year, Xinhua Insurance’s change of coaching has finally settled. On June 27, Xinhua Insurance issued an announcement stating that it agreed to nominate Li Quan as the company's seventh executive director candidate and agreed to appoint Li Quan as the company's CEO and president.On August 6, Xinhua Insurance issued an announcement stating that Liu Haoling was elected as chairman of the company's seventh board of directors, and his qualifications to serve as chairman were approved by the China Banking and Insurance Regulatory Commission on September 11.
Announcement shows that Liu Haoling served as a director of Xinhua Insurance from December 2009 to September 2010; from March 2008 to April 2011, he served as the business manager and senior manager of the Legal Compliance Department of China Investment Co., Ltd.; in 2011, he joined Central Huijin Investment Co., Ltd., and served as deputy director of the Comprehensive Management Department, director of the Second Department of the Comprehensive Department/Bank Department, deputy general manager and director of the Second Department of the Comprehensive Department/Bank Department.
Liu Haoling and Li Quan also have a deep background in financial investment. It is understood that Li Quan served as the business manager of the banking department of China Rural Trust and Investment Company from 1988 to 1990, served as the general manager of the funding department and assistant to the company's general manager from 1991 to 1998, and served as the inspector general, deputy general manager, executive deputy general manager, and deputy secretary of the party committee of Boshi Fund Management Co., Ltd. from 1998 to 2010, and then officially joined the insurance industry and became the president of Xinhua Assets.
From the perspective of executive background, the top leader is more than the industry's senior insurer, with a strong comprehensive financial background and a cross-border industry experience.
This point is not difficult to find from the data in the first half of 2019.
In the first half of 2019, a total of 36 people took office as chairman, general manager and deputy general manager of 32 insurance institutions (in charge of work).
sorted out their background, and it is not difficult to see that their resumes also occupy one or more of the comprehensive financial background, rich experience in business, shareholder background, and internal improvement.
Among the 19 chairman appointments released by the China Banking and Insurance Regulatory Commission website in the first half of the year, 7 had comprehensive financial backgrounds, including 16 with two or more backgrounds. Chairmans with shareholders/group backgrounds and comprehensive financial backgrounds account for the majority. Having rich industry experience is another feature of the new chairman's background.
Compared with the chairman's resume, the background of the general manager of insurance institutions is not inferior. They are all business veterans with rich industry experience.
Compared with large companies such as China Insurance and China Life Insurance, the executives of small and medium-sized companies have many company backgrounds. In addition, executives with professional backgrounds in accounting and information technology are also highly favored.
Regarding management changes, Kong Qingwei, chairman of China Taiping Insurance, once said that when the company has developed to a certain stage, there will be alternation between new and old, and communication between upper and lower levels. Just like a striker to a defender, a defender to a striker, this is normal, mainly for the company's business development to continue to maintain vitality.
All the past is the prologue.
Where will the company under the new leadership go? The market will wait and see.
Some pictures in the article are from Visual China
Map Edit Fang Wenbin
Map Intern Editor Wang Mengying
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