Appointment of Mr Allan Yu as Chief Executive Officer of Tahoe Life

HONG KONG, CHINA -�Media
OutReach - 2 January 2020
– Tahoe Life Insurance Company Limited (“Tahoe Life”, “the Company”) is
pleased to announce the appointment of Mr Allan Yu as Chief Executive Officer (CEO)
of Tahoe Life effective 1 January 2020.

Mr Allan Yu, Chief Executive Officer of Tahoe Life

 

In his new role, Allan will be responsible
for driving Tahoe Life to become one of the leading life insurers in Hong Kong
and continuing the success of Tahoe Life in driving further growth and sales
through multiple distribution channels, as well as capitalising on the
opportunities brought about by the development of the Greater Bay Area.

 

Allan first worked for Tahoe Investment
Group Co., Ltd. (“the Group”) on the acquisition of Dah Sing Life Assurance
Company Limited and Dah Sing Insurance Services Limited in 2016 and was one of the core members in
the process. He then became Executive Director of Tahoe Life in 2017 following
the successful completion of the acquisition. He has very strong bonding with
Tahoe Life and has rejoined the Company since October 2019.

 

Possessing over 45
years of experience in the general and life insurance industry with exceptional
management strength and expertise in underwriting, pricing, reinsurance, claim
reserving models and product development particularly in general insurance,
Allan is a proven leader with profound experience, business vision and the
ability to bring people together. He assumed various senior management roles in
international and local insurance companies previously, including CEO of the
Hong Kong branch of a Swiss international insurer. His appointment as CEO of
Tahoe Life will definitely benefit the Company, the customers and the industry
as the Company enters its next chapter of innovation and business growth.

 

Mr Huang Qisen, Chairman of Tahoe Investment Group
Co., Limited and Tahoe Life, commented on the appointment of Mr Allan Yu,
“Allan is an industry veteran who has outstanding leadership
capabilities and extensive networks within the industry. I have the highest confidence in Allan and his
team who can lead Tahoe Life to drive profitable growth with the unanimous
support of the Board.”

 

Biography of Mr Allan Yu, ACII,
Chartered Insurer

Current positions

• CEO,
  Tahoe Life Insurance Company Limited
• Chairman,
  Insurance Training Board, Vocational Training Council
• Chairman, Insurance Industry Training Advisory
  Committee, Qualifications
  Framework
• Honorary Secretary, Insurance Complaints Bureau

 

Past positions

2017 – 2018	Executive Director, Tahoe Life Insurance Company Limited
2017 – 2018	Executive Director, Tahoe Life Insurance Company (Macau) Limited
2016 – 2018	Member, Industry Advisory Committee (General Business), Insurance Authority
2015 – 2016	Chairman, General Insurance Council of Hong Kong Federation of Insurers
2010 – 2011	Chairman, Hong Kong Federation of Insurers
2008 – 2009	Chairman, General Insurance Council of Hong Kong Federation of Insurers
2007 – 2016	Director, Employees’ Compensation Insurance Residual Scheme Bureau Ltd.
2007 – 2009	Chairman, Employees Compensation Insurer Insolvency Bureau
2004 – 2006	Chairman, Motor Insurers’ Bureau of Hong Kong

About Tahoe Life Insurance Company Limited

Tahoe Life Insurance Company
Limited (incorporated in Bermuda with limited liability) is a wholly-owned
subsidiary of Tahoe Investment Group Co., Ltd. providing all-round insurance
plans including savings, critical illness, life insurance, medical protection
and investment-linked products. Tahoe Life strives to support the Group to become
a global financial enterprise. With the solid background of the Group’s medical
network, financial investment ability, sophisticated customer base and its
30-year extensive experience in professional insurance operation and management
in Hong Kong, Tahoe Life has an advantage in the market and we are dedicated to
rendering comprehensive services to craft a brilliant future for our customers.

About Tahoe Investment Group Co., Ltd.

Tahoe Investment Group Co., Ltd. was founded in 1993
by Mr Huang Qisen. It is a leading conglomerate with businesses in real estate,
financial services, medical services and healthcare, culture and education, and
senior care sector. The Group has total assets over RMB 257 billion and
has equity holdings in a
listed company — Tahoe Group Co., Ltd.