HSBC is reportedly planning to split the global insurance CEO's responsibilities between senior executives, although the bank has yet to formally announce a successor.
International reinsurers will take a significant share of what is covered, with hydropower plants, engineering projects and commercial property along the China trade corridor driving most claims.
As operators assume greater responsibility for power infrastructure, insurers face new questions around batteries, construction, curtailment and BI coverage.
Mainland China earnings came under pressure from bancassurance reforms and a greater reliance on participating products, but growth elsewhere lifted group profitability.
