Generali has named Sun Lei as deputy regional officer, Asia, effective immediately, the business announced on Monday.
Based in Hong Kong, Sun reports to Rob Leonardi, Asia regional officer. He joins the business after more than two decades at Allianz Group, bringing years of leadership experience in insurance, finance, and mergers and acquisitions (M&A) across Asia and Europe.
His previous roles at Allianz include president and CEO of Allianz Korea Life, where he led a post-M&A transformation; deputy general manager and CFO at Allianz China Insurance Holding, where he helped establish China’s first foreign-owned insurance holding company; and most recently, an Asia-focused senior role in group M&A at Allianz SE, based in Munich.
In his new role at Generali, Sun will oversee all of Generali’s China-based entities. He will also work to strengthen governance with joint venture partners and key stakeholders, while driving project initiatives across Asia. In addition, he will play a key role in supporting the company’s sustainability agenda, aligned with global group priorities, according to Generali.
“Asia — and especially China — remains a key growth market for Generali’s Lifetime Partner strategy,“ Leonardi said. “Sun Lei’s appointment reinforces our commitment to building a stronger footprint in this dynamic region while deepening our strategic relationships and operational excellence. His extensive leadership experience across Asia and Europe will help further our ambitions and position us strongly for the next stage of growth.”
Sun is a Fellow of the UK Institute of Actuaries and a CFA charterholder. His appointment comes after Generali last month announced that it would acquire Swiss Life Network, forming what would be the world’s largest employee benefits network.
