TigerRisk hires top Willis Re executive to head its China office

Reinsurance broking and risk/capital management firm TigerRisk Partners has lured Xuejun Wang from Willis Re to join its Hong Kong subsidiary as chief executive, effective early December.

Wang will be responsible for developing TigerRisk’s business in mainland China.

He most recently served as executive director of Willis Re. Prior to Willis he worked for 15 years in the reinsurance division of PICC, China’s property/casualty insurance company.

“We are very fortunate to have attracted such an experienced and distinguished professional to head our team in China,” said Rod Fox, CEO of TigerRisk. “Mr. Wang’s inspired leadership, reputation among his peers and keen understanding of the insurance marketplace in China will be of tremendous value to our clients.”

Tony Ursano, president of TigerRisk, added: “At TigerRisk, Mr. Wang will be able to apply his well-known skills and experience with the latest technology to create risk transfer structures and products that best serve the needs of the Chinese market.”

Wang said: “China’s insurance industry, already the world’s second largest market, is evolving at a very rapid pace. I know that TigerRisk will play an important role in the industry’s development in China and I’m honoured to join a company with such a stellar international reputation for innovation and customer advocacy.”