China Reinsurance Names Vice Chair, President; Shares Jump 5%

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China Reinsurance (HKG:1508) appointed executive director Zhu Xiaoyun as its vice chairlady effective Friday, as well as its new president, according to a Wednesday Hong Kong bourse filing.

Shares of the reinsurer were up over 5% in Friday afternoon trading.

Zhu's appointment as president will take effect following regulatory approvals.

From Dec. 31, Zhu will act as the provisional person-in-charge, assuming the duties of president, succeeding Zhuang Qianzhi.

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