Zhibao Labuan Reinsurance Company Limited, a subsidiary of Nasdaq-listed Chinese insurtech group Zhibao Technology Inc., on Friday announced the appointment of Jun (Christina) Xu as an independent director to its board.
Xu’s (re)insurance career spans more than 30 years. She joins the board after a 15-year tenure at Lloyd’s China, where she most recently served as chief operating officer and deputy general manager. During her time at Lloyd’s, she played a key part in driving operational efficiency and advancing the MGA and coverholder model within the Chinese market. She also facilitated the introduction of the first Chinese entrepreneur to the Lloyd’s Lab.
Her previous roles include over a decade as the chief representative for Hannover Re’s Shanghai office and time in Ping An Insurance’s reinsurance department. She also holds an MBA from Shanghai Maritime University and is active in the industry, serving on the council and committees of the Shanghai Institute of Marine Insurance and the Insurance Association of China.
Zhibao’s chairman and CEO, Botao Ma, said that Xu was a “wonderful” addition to the team, bringing a “uniquely holistic perspective” on both Chinese and international markets. “Her deep regulatory relationships, market development experience, and mastery of the MGA and coverholder ecosystem are gifts to Zhibao Labuan as we build our presence and move toward operations.”
Commenting on her appointment, Jun Xu praised Zhibao’s “innovative” insurtech platform, stating that it is reshaping how insurance services are delivered in China. “The establishment of Zhibao Labuan is a bold and exciting step, and I look forward with great enthusiasm to contributing my experience in support of the company’s responsible, sustainable, and rewarding growth in the international reinsurance market,” Xu added.
Her appointment follows Zhibao Labuan receiving a Financial Strength Rating of B+ (Good) from AM Best last November. Founded in April 2025 and licensed to conduct general reinsurance operations, the subsidiary reinsures business produced by Zhibao’s Chinese operating entities. However, as of the date of the announcement, the reinsurance branch has not yet commenced operations.
