ACR opens Shanghai representative office

ACR Capital Holdings (ACR) has opened its Shanghai representative office, following regulatory approval received from the China Insurance Regulatory Commission (CIRC) in July.

Dr Yao Jianzhong is ACR’s chief representative at the group’s first China representative office, which will focus on market research and liaison services. Jianzhong joined the ACR group in 2011.

Before being appointed to this role, Jianzhong’s responsibilities included head of economic research and China client relationship management at Asia Capital Re, an ACR wholly-owned subsidiary. Prior to that, he spent 13 years with Swiss Re.

“Over the years, ACR has built a strong network of relationships in Asia, strategically expanding and deepening our local presence in the region,” said Hans-Peter Gerhardt, group chief executive, ACR.

“The Chinese market is of particular strategic importance to us. Our Shanghai representative office will bring us a step closer to establishing an onshore reinsurance operating presence in mainland China.”