Eric Zhao appointed CEO Munich Re Beijing Branch

Munich Re today announces the appointment of Eric Zhao as Chief Executive Officer, Munich Re Beijing Branch. This appointment is effective from 1 January 2026 and is subject to regulatory approval. He will report to Steve Zhang, CEO Life & Health Greater China.

Zhao will succeed Adrian Goh, who will become Chief Risk Officer APAC/MEA from 1 February 2026. Munich Re thanks Adrian Goh for successfully leading the Munich Re Beijing Branch, and looks forward to his contribution to its Asia regional P&C leadership team.   

Eric Zhao is currently General Manager, Munich Re Life & Health, China. He has extensive experience in China’s insurance markets, particularly in life insurance. Before joining Munich Re in 2006 as Head of Operations, Zhao held various positions at two major primary insurers in China. Prior to his career in the insurance industry, Zhao worked as a doctor. He holds a Bachelor’s Degree in Medicine from the School of Medicine, Peking University as well as a Bachelor’s Degree in Law from the China University of Political Science and Law.

Steve Zhang, CEO Life & Health, Greater China: “Greater China is a key strategic market for Munich Re’s long term strategy, and we have strong ambitions to grow our Life & Health business in the region. I am confident that Eric Zhao’s deep understanding of China’s insurance markets will help to take our business to the next stage of its development.”

In his new role, Zhao will oversee Munich Re’s Branch and its Life & Health business in China. He will work closely with Serene Chan, Chief Executive, Greater China, P&C, who continues to be responsible for Munich Re’s Property and Casualty business across the Greater China region. 

Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The Group consists of the reinsurance and ERGO fields of business, and the asset manager MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. Munich Re leverages its strengths to promote its clients’ business interests and technological progress. Moreover, Munich Re develops covers for new risks such as rocket launches, renewable energies, cyber risks and artificial intelligence. In the 2024 financial year, Munich Re generated insurance revenue of €60.8bn and a net result of €5.7bn. The Munich Re Group employed about 44,000 people worldwide as at 31 December 2024.

Disclaimer
This media release contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development of our Company – in particular the results, financial situation and performance. The Group assumes no liability to update these forward-looking statements or to make them conform to future events or developments.