Cunqiang LI has been named Executive Deputy General Manager and Chief Strategy Officer of HUATAI Insurance Group, the holding company of Huatai P&C Insurance Company, HUATAI Life Insurance Company and HUATAI Asset Management Company, among other subsidiaries. The appointment was made by the Board of Directors of HUATAI Insurance Group at a meeting on July 30 and is subject to approval from the China Banking and Insurance Regulatory Commission. Currently, Cunqiang LI is Chief Operating Officer of CHUBB Life, CHUBB's international life insurance division. As the largest shareholder, CHUBB currently owns 46.2% of HUATAI Group and has also agreed to the intended terms of a subsequent purchase of an additional 7.1% of the company that would give CHUBB majority ownership.
Brad BENNETT has been named Chief Operating Officer of CHUBB Life. Currently, he is Senior Vice President, CHUBB Group and Regional President of the company's Far East operations in Japan. He also provides oversight to CHUBB Life's business in Korea. In his new role, BENNETT will focus on leading the day-to-day operations of CHUBB Life's Asian life insurance entities in seven countries and territories in Asia, including Hong Kong SAR, Indonesia, Korea, Myanmar, Taiwan, Thailand and Vietnam.
Li will report to Minghao ZHAO, General Manager of HUATAI Group. BENNETT will report to Russell BUNDSCHUH, Senior Vice President, Chubb Group and President, CHUBB Life. The appointment of Brad BENNETT is effective October 1, 2020.
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