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Basic Information

Overview of Corporate Governance

(Updated on 12th June 2020 )

Major Resolutions of Shareholders‘ Meetings in the Last Three YearsProfiles of the Board of Directors

Chairman | Chua Lee Li (Ann)

Miss Chua Lee Li was appointed as the Chairman of XL Insurance (China) Company Limited on 28th April 2016 (Qualification Approval Document: CIRC Approval [2016] No.315). Miss Chua was appointed as the Head of Northern Asia & Operating Director Asia of XL Reinsurance after XL Group Plc’s acquisition of the former Catlin Group in May 2015. Previous to that, Miss Chua has been the Senior Vice President/General Manager, Asia Pacific since April 2008, responsible for the business development and profitability of the Singapore Branch of XL Reinsurance Co. Ltd and the position entails extensive travelling in the Asia Pacific Region. Miss Chua joined XL Reinsurance Co. Ltd Singapore Branch in Oct 1996, and served as Senior Underwriting Manager and Assistant Vice President and Vice President before being appointed as Senior Vice President. Prior to this, she worked for Frankona Reinsurance Company as Underwriting Manager. From January 1975 to January 1990, she worked for Provincial Insurance plc as Administration Executive, Administration Manager and Personal Lines Manager.

Director | Xue Fei (Phil)

Mr. Xue was appointed as Director of XL Insurance (China) Company Limited on 26th September 2018 (Qualification Approval Document: CBIRC Approval [2018] No. 910). Mr. Xue graduated from East China University of Political Science and Law and holds a Master Degree in International Economic Law. He also obtained a Certificate of Advance Leadership Programme from Cambridge Judge Business School in 2016. Before joining XLICCL, Mr. Xue spent more than 10 years with Guy Carpenter & Company, LLC, most recently as Head of South China Market and Head of its Shanghai Operation. He worked in Guy Carpenter’s Hong Kong Office for five years, before helping to set up Guy Carpenter’s Shanghai office in 2012. Prior to joining Guy Carpenter, Mr. Xue was with Royal & Sun Alliance Insurance plc, Shanghai Branch and China Pacific Insurance (Group) Co., Ltd.

Director | Leung Wai Kwan (Wendy)

Miss Leung Wai Kwan was appointed as a director of XL Insurance (China) Company Limited on 22nd January 2013 (Qualification Approval Document: CIRC International [2013] No. 50). Miss Leung has been CFO Asia for XL Group's insurance operations since April 2012, responsible for all financial aspects in the whole Asian Region. Prior to this, she worked as Financial Controller in XL Insurance Company Limited (renamed to XL Insurance Company SE on 7th July 2014) Hong Kong Branch from July 2001 to March 2012. She previously worked for Winterthur Swiss Insurance (Asia) Limited as Senior Finance Manager from July 2000. Prior to this, Miss Leung worked as Audit Manager for Ernst & Young, an international firm of Certified Public Accountants.

Director | Lim Eng Seng (Kenneth)

Mr. Lim was appointed as the Director of XL Insurance (China) Company Limited on 31st Mar 2017 (Qualification Approval Document: CIRC Approval [2017] No.272). Mr. Lim joined XL Re Ltd (Singapore Branch) in November 2006, and served as Pricing Actuary, mainly responsible for treaty pricing, modeling, pricing, loss reserve and other actuarial related work. From March 2013, Mr. Lim progressed to be an Underwriter, mainly responsible for multi-line treaty underwriting and management work in China mainland and Hong Kong. Prior to joining XL Re Ltd, Mr. Lim served as an Actuarial Executive in AXA Insurance Singapore Pte Ltd and AVIVA Asia Pte Ltd / Mitsui Sumitomo Insurance Holdings successively.

Director | Daryl Gomez

Mr. Daryl Gomez was appointed as the Director of XL Insurance (China) Company Limited on 25th October 2017 (Qualification Approval Document: CIRC Approval [2017] No.1234). Mr. Daryl Gomez graduated from Singapore Management University in both Accountancy and Business Management, and also obtained his Master of Business Administration from Hult International Business School in 2010. Mr. Daryl Gomez joined Catlin Singapore Pte. Ltd as Compliance Manager in January 2014. After XL Group Plc’s acquisition of the former Catlin Group in May 2015, Mr. Daryl Gomez was appointed as the Compliance Manager of the new company. In July 2017, Mr. Daryl Gomez was appointed as Head of Compliance and Regulatory Affairs, Asia Pacific. Before joining Catlin, Mr. Daryl Gomez served in Merrill Lynch International as International Prime Brokerage Settlements Specialist, Capital International as Performance Associate, Monetary Authority of Singapore as Strategic Development Division, Assistant Director and Howden Asia Pte. Ltd. as Compliance Manager respectively.

Profiles of the Supervisor

Supervisor | Jin Shiwei

Ms. Jin Shiwei was appointed as the Supervisor of XLICCL on 14th May 2014 (Qualification Approval Document: CIRC Licensing [2014] No. 360). Ms. Jin Shiwei graduated from Fu Dan University with a master’s degree in International Relations. Ms. Jin is Senior Manager, Global Programs and Network Services and is part of XL Group’s Global Programs Center of Excellence, a team dedicated to XL Group’s insurance solutions for multinational corporations. Before joining the Global Programs Center of Excellence in May 2013, she was Business Support Manager of XL Insurance (China) Company Limited since May 2011 responsible for strategy planning, customer service and agency management. Ms. Jin joined XL in August 2007 as a representative of XL Beijing Representative Office. She was responsible for the license application and the establishment of XLICCL.

Profiles of Senior Management Personnel

General Manager | Xue Fei (Phil)

Phil Xue was appointed as General Manager of XL Insurance (China) Company Limited, effective from 21st, 2018 (Qualification Approval Document: CBIRC Approval [2018]723), overseeing and coordinating all AXA XL’s business activities in China. Before joining AXA XL, Mr. Xue spent more than 10 years with Guy Carpenter & Company, LLC, most recently as Head of South China Market and Head of its Shanghai Operation. He worked in Guy Carpenter’s Hong Kong Office for five years, before helping to set up Guy Carpenter’s Shanghai office in 2012. Prior to joining Guy Carpenter, Mr. Xue was with Royal & Sun Alliance Insurance plc, Shanghai Branch and China Pacific Insurance (Group) Co., Ltd. Mr. Xue graduated from East China University of Political Science and Law and holds a Master Degree in International Economic Law. He also obtained a Certificate of Advance Leadership Program from Cambridge Judge Business School in 2016.

As General Manager of the Company, with high efficient execution and communication skills, Mr. Xue diligently performs his duties to ensure the healthy development of the Company by building up good corporate culture, encouraging team building, exploring the Company’s development strategy, improving the income of business, reasonably controlling the operating costs, and continuing to improve the goodwill of the Company.

Internal Auditor | Ju Liqing

Ms. Ju Liqing was appointed as the Chief Internal Auditor of the Company, effective from 5th December, 2014 (Qualification Approval Document: CIRC Approval [2014]927). Ms. Ju graduated from Shanghai Jiaotong University with double bachelor’s degrees in Accounting and Law. She is CICPA and CIA. Before joining the Company, she had successively served as an audit assistant manager in KPMG and audit manager in EY. Ms. Ju is, as the Chief Internal Auditor, be responsible for the overall management of internal audit of the Company.

As the Chief Internal Auditor of the Company, Ms. Ju diligently performs her duties by preparing the annual plan and budget of internal audit department, organizing and implementing the audit projects, ensuring the quality of internal audit work, timely reporting the internal audit work status and audit findings, providing opinions and recommendations on improving management and enhancing effectiveness to the Audit Committee and the management.

Chief Actuary | Wang Yunzhi

Mr. Wang Yunzhi was appointed as the Chief Actuary of the Company effective from 6th July, 2015 (Qualification Approval Document: CIRC Approval [2015]16).Mr. Wang Yunzhi graduated from South-western University of Finance and Economics with a bachelor’s degree in Economics. In 2004, he graduated from University of Waterloo with a post-degree diploma in Actuarial Science. He is a fellow of the China Actuary Association.  Mr. Wang joined XLICCL in 2010 and has been managing actuarial related work. Before joining XLICCL, Mr. Wang had diversified experience in reserving, pricing, ERM, solvency, reinsurance and marketing. Mr. Wang as the Chief Actuary of XLICCL takes charges of reserving, solvency and other works defined in the Administrative Measures for Chief Actuary of Insurance Companies issued by the China Insurance Regulatory Commission.

As the Chief Actuary of the Company, Mr. Wang’s performance contributed in vary fields such as capital budget, ALM, product management and reinsurance arrangement.

Compliance Officer & Board Secretary | Huang Bin

Mr. Huang Bin was appointed as the Compliance Officer of XL Insurance (China) Company Limited on 19th June 2017 (Qualification Approval Document: CIRC Approval [2017] No.579) and was appointed as the Board Secretary of XL Insurance (China) Company Limited on 17th July 2017 (Qualification Approval Document: CIRC Approval [2017] No.857). He graduated from Shanghai University of Finance and Economics in Economic Law and joined in XL Insurance (China) Company Limited in December 2016. Now he serves as Officer, Compliance & Regulatory Affairs. Prior to joining XL Insurance (China) Company Limited, Mr. Huang served as Legal Consultant in Shanghai Zhengming Lawyer Firm and previous to this, Mr. Huang worked with Mitsui Sumitomo Insurance (China) Company Limited as Legal and Risk Manager. As the Board Secretary, Mr. Huang is responsible for the operation of the Board of Directors and for the management of information disclosure, and as the Compliance Officer of the Company, Mr. Huang is responsible for the overall management of legal and compliance matters of the Company.

As the Secretary to the Board, Mr. Huang Bin diligently arranges Board meetings in accordance with the Chairman’s requests and actively assists the Directors in discharging their duties. As the Compliance Officer of the Company, Mr. Huang Bin actively assists the CEO in building up and improving compliance management structure and diligently fosters compliance culture to ensure the compliance operation of the Company.

Chief Financial Officer | Gu Yunhua

Mr. Gu Yunhua was appointed as the Chief Financial Officer of XL Insurance (China) Company Limited on 25th July 2017 (Qualification Approval Document: CIRC Approval [2017] No.811). Mr. Gu Yunhua graduated from Shanghai University of Finance and Economics in Investment in Economic Management. He got the titles of Intermediate Accountant and ACCA . Before joining the company, he worked as Director of Finance Department in Zurich General Insurance (China) Co., Ltd., Finance Department Budget Office Manager in China Pacific Property Insurance Co., Ltd., Finance Department Sub-manager in AIG General Insurance (China) Co., Ltd. Mr. Gu Yunhua, as the Chief Financial Officer of the Company, is responsible for the overall management of the finance department of the Company.

As the Chief Financial Officer of the Company, Mr. Gu Yunhua’s diligently performs related financial functions, studies the company's development strategy, performs financial management and decision-making functions, strictly complies with laws, regulations and the Articles of Association of XLICCL, laying a solid foundation & offering a great service for the long-term development of the company.

Company Organisation

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Shareholders and Ownership Structure

XL Reinsurance America Inc: hold 51% of XL Insurance (China) Company Limited
XL Insurance Company SE: hold 49% of XL Insurance (China) Company Limited

Ultimate Parent Company of XLICCL

The ultimate parent company of XLICCL is AXA SA (AXA Group, France).

Headquartered in Paris, France, the AXA group is a worldwide leader in insurance and asset management, with 171,000 employees serving 105 million clients in 61 countries. On 12 September 2018, AXA acquired XL Group Ltd to form AXA XL, a new division dedicated to large Property & Casualty commercial lines, specialty risks and related reinsurance business. Following the acquisition, AXA SA is now the ultimate parent company of XLICCL as well as our two shareholders. For details, please click here.