li yunhuan was approved to serve as the general manager of huaan property and casualty insurance, and 10 senior executives were adjusted in the past year
2024-09-23
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as the term of office of the interim head is about to expire, huaan property & casualty insurance co., ltd. welcomes its general manager (president).
on september 20, the shenzhen financial regulatory bureau disclosed the qualification approval, which showed that li yunhuan was approved to serve as the general manager of huaan property & casualty insurance co., ltd. (hereinafter referred to as huaan property & casualty insurance). however, the position of chairman of huaan property & casualty insurance is still vacant and has been for many years.
on march 27, huaan property & casualty insurance co., ltd. issued an announcement stating that tong qing resigned from the company's president position for personal reasons. in order to ensure the company's stable operation, according to the resolution of the 62nd extraordinary meeting of the eighth board of directors of the company, the board of directors designated li yunhuan as the interim person in charge for a period not exceeding six months.
previously, li yunhuan was the general manager of huaan property & casualty insurance hunan branch. he was born in august 1974, is a member of the communist party of china, and graduated from university. in may this year, li yunhuan was approved to serve as the deputy general manager of huaan property & casualty insurance and continued to serve as the general manager of the hunan branch.
when tong qing resigned, huaan property & casualty insurance also issued a recruitment notice for the president and vice president, intending to recruit one president and one vice president. this recruitment is open to both internal and external huaan property & casualty insurance company. internal employees of the company can recommend themselves and recommend external personnel, and direct applications from external social personnel are also accepted.
in fact, in the first half of this year, huaan property & casualty insurance co., ltd. carried out a major adjustment of its senior management team.
in addition to tong qing resigning from the position of president but remaining as executive director, zhang xueqing, executive vice president, financial director, and chief investment officer of huaan property & casualty insurance, was adjusted to vice president, and two vice presidents, liao xiaowei and fan dantao, were adjusted to assistants to the president. executive director, vice chairman, and vice president xu jun was removed from his senior management position and only served as executive director and vice chairman. the other two vice presidents, yu fengren and liu peigui, were removed from their positions and retired respectively. in addition, the audit director wang xinrong also resigned later.
going back to 2023, huaan property & casualty insurance experienced the resignation of chief actuary zhou jun at the beginning of the year, and the resignation of vice president and chief investment officer zhang zhen at the end of the year. yuan xiuqi, who was born in the 1980s and served as the general manager of the actuarial product department of huaan property & casualty insurance, was previously scheduled to serve as the chief actuary of huaan property & casualty insurance, but his qualifications were not approved until the term of interim head of actuarial science expired.
after several vice presidents were dismissed or their positions were adjusted, huaan property & casualty insurance only had one vice president left, zhang xueqing. after the above personnel adjustments, huaan property & casualty insurance's operations director and sichuan branch general manager mai jianli was promoted to assistant to the president, while still serving as general manager of the sichuan branch; huaan property & casualty insurance's actuarial product department general manager wu xianghua was promoted to chief actuary, while also serving as general manager of the actuarial product department. the qualifications of the two were approved by the regulatory authorities in may and april this year, respectively.
the major reshuffle of senior management is closely related to the performance of huaan property & casualty insurance. in 2023, huaan property & casualty insurance achieved insurance business income of 17.474 billion yuan and a net profit of -1.166 billion yuan. as of the end of last year, huaan property & casualty insurance's core solvency ratio and comprehensive solvency ratio were 74.78% and 115.13% respectively, and the comprehensive risk rating results for the last two periods were both c.
in the first half of this year, huaan property & casualty insurance achieved insurance business income of 7.872 billion yuan and a net profit of 83 million yuan. however, in terms of a single quarter, huaan property & casualty insurance achieved a net profit of 157 million yuan and -74 million yuan in the first and second quarters of this year, respectively, with large fluctuations in performance. as of the end of the second quarter, huaan property & casualty insurance's core solvency ratio and comprehensive solvency ratio were 91.51% and 135.60% respectively, and the comprehensive risk rating results for the last two periods were both c.
huaan property & casualty insurance co., ltd. was officially established on october 18, 1996 with the approval of the people's bank of china. it is a professional property insurance company with its headquarters in shenzhen and a registered capital of rmb 2.1 billion. in 2002, after li guangrong took over huaan property & casualty insurance co., ltd., the company became the first privately-controlled insurance company in china. currently, li guangrong is the company's vice chairman, executive director and legal representative.
hu zhiting, reporter of the paper
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