Yang Mengge, intern reporter at 21 Century Economic News
Recently,德华安顾人寿保险有限公司 (Eureko Anji Life Insurance Co., Ltd.) received approval from the Shandong Financial Regulatory Bureau for Jürgen Peter Schmitz (Si Yongming) to serve as Chairman of the Board.
(Image source: National Financial Regulatory Administration official website)
This Sino-German joint life insurance company headquartered in Jinan has, for the first time, appointed a representative from the foreign shareholder as its top executive.
Public records indicate that Jürgen Peter Schmitz was born in 1971. He is a German national holding master's degrees in Finance and Sinology. He studied at the London Business School, Peking University, the University of Hamburg, and the University of Würzburg.
Prior to joining Allianz, he worked at McKinsey & Company serving the banking and insurance sectors. In 2013, appointed by Allianz SE, he became Vice Chairman of Allianz Life Insurance Company of China Ltd. Subsequently, he was appointed Chief Executive Officer of Allianz (China) Enterprise Management Co., Ltd.
In 2026 and 1,德华安顾人寿保险有限公司 completed its board renewal, with Si Yongming appointed as Chairman of the Fifth Board of Directors. His regulatory qualification for this role was officially approved recently.
The deeper context for this personnel adjustment dates back to the equity changes in 2023. In 2023, 8, the Shandong Financial Regulatory Bureau approved the transfer of a 15% stake in德华安顾人寿 held by Shandong State-owned Assets Investment Holding Co., Ltd. to Allianz Deutschland AG. Following the transfer, Allianz Deutschland AG holds a 35% stake, its wholly-owned subsidiary Allianz Life Insurance Company (Germany) holds a 30% stake, and Shandong State-owned Assets Investment Holding Co., Ltd. retains a 35% stake.
This change breaks the long-standing equal shareholding structure of Deutsche AnGlu Life Insurance, where Chinese and foreign shareholders each held 50%.
According to information on the德华安顾人寿 (Dahua Anju Life Insurance) official website, Munich Re indirectly holds 65% of the equity in Dahua Anju Life Insurance Co., Ltd. and serves as its actual controller.
Deutsche Annington Life Insurance Company Limited is a nationwide life insurance company jointly established by Shandong State-owned Assets Investment Holding Co., Ltd. and ERGO Group AG, along with ERGO Lebensversicherung AG. Approved by the former China Insurance Regulatory Commission, it was founded on 2013/7/22.
