Independent and privately owned insurance broker Lockton has received approval from the China Insurance Regulatory Commission (CIRC) to open a new branch office in China, based in Beijing. The new office will be run by Alex Jiang, who will be joined by a number of Associates in January 2011.
Alex Jiang, who joined Lockton in March 2010, has overseen Lockton's Wholly Owned Foreign Enterprise license application process for the Beijing office. Previously Assistant General Manager and Head of Financial Risks Practice and Corporate Business Practice in Northern China for HSBC Insurance Brokers, Jiang will report to Gerry Callaghan who is CEO and President for Greater China.
The Beijing branch office will operate as a full-service broker, offering a wide range of specialist insurance and reinsurance services to clients as well as risk management expertise and knowledge to Chinese-based companies. In particular it will focus on developing professional liability, property & casualty and international insurance in and around Beijing.
Julian James, CEO of Lockton Companies LLP comments: "The opening of a second branch office in China is a significant step in the ongoing development of the insurance and risk management solutions we provide to Chinese clients and companies. Gerry and Alex's knowledge of the local market and depth of contacts will be a huge asset to local businesses. The Lockton team in Beijing will also benefit from Lockton's global insurance network providing a wide pool of international insurance expertise to support a diverse range of Chinese clients."