Pacific Life Re received regulatory approval from the China Insurance Regulatory Commission to establish its representative office in China.
The new Pacific Life Re, Shanghai Representative Office, is part of Pacific Life Re, the reinsurance business of the Pacific Life group.
To support its goal of writing business in China, Pacific Life Re has appointed Vivian Wei as its China representative, the firm said in a media release.
Wei (pictured) will play an instrumental role in preparing Pacific Life Re for the China market through conducting market research on the ground. She has more than 17 years of experience in the life insurance industry, undertaking both local and regional roles.
Prior to this role Wei was with Generali Asia and was Senior Actuarial Manager with Munich Re in Shanghai.
«After successfully establishing a branch office in Seoul, South Korea earlier last year, this move demonstrates our deepening commitment to the North Asia markets,» said Alex King, managing director of Pacific Life Re Asia.