The licence makes it the first Shanghai-based reinsurance subsidiary and the first foreign-owned reinsurance subsidiary in China.
The move comes as the carrier retreats from Lloyd’s to operate under a single company market platform.
Jose Núñez starts in the role effective immediately and replaces Juan Arsuaga Serrats.
Mark Ettershank was at Marsh for four years, and before that was a corporate lawyer for nine years.
José Otávio De Albuquerque Sampaio was Willis’ Brazil CEO for 11 years.
Mike Keating will start on 8 September and replaces Peter Staddon, who retires in August.
The Bahraini carrier also exits aviation fac and liability business.
The new group brings together former JLT Specialty and Bluefin teams.
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