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On December 2, 2024, Yu Fung International officially appointed Mr. Germany Heng as Managing Director of the Special Risk and General Insurance Business at its brokerage arm, Yu Fung Broker Limited. In this pivotal role, Mr. Heng is charged with driving the expansion of specialty risks, integrated financial and professional liability insurance portfolios. His appointment underscores Yu Fung Broker’s commitment to deepening its professional expertise and industry leadership, marking a significant milestone in the company’s strategic growth and market influence.

Professional Background

Mr. Heng brings over 25 years of extensive experience across the Greater China region, Asia-Pacific and global insurance markets. His distinguished career spans senior leadership roles in prominent local and international insurance and reinsurance organisations. Mr.Heng’s expertise encompasses corporate strategy, leadership, business development, risk management, financial risk and management, compliance, underwriting and product innovation. His addition significantly enhances Yu Fung Broker’s capabilities in these critical areas, enabling the company to capture broader market opportunities and accelerate business development.

Academic and Professional Credentials

• Bachelor’s degree in Business Administration and Economics from a Canadian university
• Fellow Credit Institute of Canada
• Executive Development Program, Hong Kong Polytechnic University
• Advanced Diploma in Insurance Studies, Hong Kong Insurance Institute now Chartered Insurance Institute, Hong Kong

Industry Leadership and Affiliations

• Former President, Hong Kong Chinese Underwriters Club
• Vice Chairman, Hong Kong Credit and Collection Management Association
• Senior Member, Chinese Academy of Governance (Hong Kong) Industrial and Commercial Professionals Alumni Association
• Senior Member, Hong Kong Chamber of Insurance Intermediaries
• Former Member, Chartered Insurance Institute – Hong Kong Chapter

Notable Corporate Client Engagements

• Established a comprehensive marine cargo (re)insurance platform for a top-three global container shipping and logistics leader across Hong Kong and mainland China
• Developed the first localized medical insurance product for overseas students from Hong Kong and Mainland China in the U.S., endorsed by multiple provincial educational institutions, with third-party administration for direct hospital settlements and cost containment
• Arranged a surety bond and reinsurance solution for a leading Hong Kong-based insurer within a top global Chinese insurance group, enhancing its construction insurance product diversification
• Delivered professional risk management consulting and arranged Directors and Officers (D&O), Professional Indemnity, Cyber, and Crime Insurance for a major Asia-Pacific regional insurance group headquartered in Hong Kong
• Arranged D&O Insurance for Asia’s leading asset management, real estate, and aviation leasing conglomerates
• Provided Investment Management Liability, Fund D&O, Fidelity Bond, and Cyber Insurance for a globally renowned private equity firm based in Hong Kong
• Supported digital entertainment and blockchain startups with D&O Insurance and digital asset coverage, including digital asset insurance for a licensed virtual assets custody company
• Delivered enterprise risk management consulting and tailored insurance solutions for innovative startups in intelligent locker technology
• Arranged the enterprise and employee benefits insurance for a securities subsidiary of one of the Japan’s largest financial institutions

Mr. Heng’s profound expertise and leadership will inject new momentum into Yu Fung Broker’s strategic vision, enhancing its business expansion, team leadership and capacity to deliver innovative, high-value solutions to partners and clients. His appointment strengthens Yu Fung International’s competitive positioning and execution capabilities in the evolving insurance landscape.