American International Group (AIG) has named Lisa Sun as the new CEO of AIG Insurance Company China.

Sun, who has over 20 years of experience, will succeed Eric Zheng who is leaving the company to pursue other opportunities.

Based in Shanghai, Sun will report to AIG International General Insurance CEO Chris Townsend.

She will take up her new role following regulatory approval by the China Banking and Insurance Regulatory Commission.

Commenting on the appointment, Townsend said: “China is a core growth market for AIG. I am pleased to welcome Lisa back to AIG to take on the important role of leading our China business. I look forward to working closely with Lisa and the team in this dynamic region.”

Sun joins AIG from Mercer, where very recently she served as the CEO for Hong Kong and South and East Asia Zone.

She, Lisa previously held executive roles at Zurich and Liberty Mutual.

Earlier, she held the role of deputy chief actuary and vice president for worldwide accident and health at AIG Life Companies, and regional actuary and assistant vice president for AIU Accident and Health SEA and Greater China Region.

AIG through its member companies offers property casualty insurance, life insurance, retirement products, and other financial services in over 80 nations and regions.