100 influential women in re/insurance


“The second highlight would be helping the industry in Taiwan in setting the natural catastrophe primary reference rates by actively participating in industry presentations and road shows in 2011.”


Name:


Danny Yeung


Company: Guy Carpenter Job:


Head of Guy Carpenter’s Taiwan operations


Timeline: 2006—Managing director, Guy Carpenter 1992—Administrator, Guy Carpenter 1983—Continental Reinsurance Co., Hong Kong


1977—Administrator, Tugu Insurance, Hong Kong


Danny Yeung is head of Guy Carpenter’s Taiwan operations and a managing director. She also oversees Hong Kong retrocessional accounts and serves on the regional management team for the Asia- Pacific region. When Yeung joined the firm in 1992, she worked with a portfolio of business in the Greater China region, South Korea and Southeast Asia. Following the severe market dislocation which occurred in Taiwan after the Chi Chi earthquake in 1999 and Typhoon Nari in 2001, she shifted her focus to concentrate on Taiwan and assist the market in the restructuring of their reinsurance programmes. She led the establishment of the firm’s Taiwan branch in 2006 and was promoted to managing director later that year. She has pioneered a number of key initiatives in that market assisting Guy Carpenter to achieve a significant portfolio of business.


Why did you choose to work in this industry initially? Like some graduates, I did not choose to work in a particular industry when I started out initially, but I decided to stay and pursue my career due to the dynamics of the industry. The role of a reinsurance broker has evolved significantly from when I first started from just transacting reinsurance to acting as an integrated solutions provider and strategic advisor.


What has been the highlight of your career so far? I can point to two highlights. The first would be in helping the leading insurer in Taiwan restructure its property reinsurance programme from proportional to a gross excess of loss structure


108 | INTELLIGENT INSURER | 2015


in 2002. This was the first-ever property gross excess of loss programme in Taiwan. Guy Carpenter also greatly assisted the insurer in navigating the hard market conditions after the World Trade Center disaster. The second highlight would be helping the industry in Taiwan


in setting the natural catastrophe primary reference rates by actively participating in industry presentations and road shows in 2011.


What has been the biggest challenge you have


encountered? The reinsurance industry went into a state of panic and there were scarcity of reinsurance capacity following the Tohoku earthquake and the Thai floods in 2011. The 2012 renewal for catastrophe excess of loss programmes in Taiwan was the biggest challenge that I have encountered so far.


If you had chosen a different profession/career path, what would it have been? I would have specialised in Chinese literature. My father was a university professor of Chinese, and I would like to better understand and appreciate some of his work and particularly his poetry.


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