AIG is bringing on a veteran executive from Zurich Insurance and Liberty Mutual to lead its China operations. The Hanover Insurance Group expanded its surety leadership team to support its growth in commercial surety.
A veteran Zurich and Liberty Mutual executive is joining American International Group as CEO of its division in China.
Lisa Sun will lead AIG Insurance Company China, be based in Shanghai and report to Chris Townsend, chief executive officer, International General Insurance. Her appointment is subject to regulatory approval by the China Banking and Insurance Regulatory Commission.
Most recently, Sun was CEO of Mercer’s Hong Kong & South and East Asia Zone. She has more than 20 years of experience and previously held executive roles at Zurich and Liberty Mutual. Earlier in her career, Sun was deputy chief actuary and vice president for Worldwide Accident and Health for AIG Life Companies and regional actuary and assistant vice president for AIU Accident and Health SEA and Greater China Region.
Sun is replacing Eric Zheng, who is leaving AIG to pursue other opportunities.
The Hanover Insurance Group has expanded its surety leadership team to support its growth in commercial surety.
This expansion will also help the company grow and manage its transactional surety business, which supports bonds for individuals, small accounts and surety programs that require trade-related needs.
Sources: American International Group, The Hanover Insurance Group