New Head of PICC Property and Casualty Insurance Appointed: Post-70s Zhang Daoming Takes Office as Party Secretary

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The handover of leadership between PICC and its core subsidiary PICC Property and Casualty has officially begun.

On March 24, the official website of PICC updated its management information: PICC P&C Vice President and acting head Zhang Daoming has become a member of the party committee of PICC, joining the ranks of centrally managed cadres, and at the same time serving as the party secretary of PICC P&C.

According to convention, after the relevant procedures are completed, Zhang Daoming may take up the position of Vice President of PICC and President of PICC P&C.

At that time, the number of post-1970s executives in PICC’s management team will increase to seven. Born in 1976, Zhang Daoming will become the youngest one, and also the youngest president among the major subsidiaries of PICC.

In the past ten years, PICC P&C’s senior management has frequently changed, with several top executives being removed. In the industry’s view, Zhang Daoming’s appointment this time is largely attributed to his strong professional capability and crisis management experience.

During his career, he has twice played a key role as a “firefighter”.

The first “firefighting” occurred at the core grassroots level—in 2019, PICC P&C’s credit guarantee insurance saw underwriting losses amounting to 2.884 billion yuan. The main Guangdong branch was deeply entangled in the crisis with partner Jiufu, and at that time Zhang Daoming took over the Guangdong branch, quickly halted the credit insurance business, and stabilized the basic situation of the branch.

This time, the “firefighting” is at the group core—at the end of 2025, then PICC Vice President and PICC P&C President Yu Ze was removed, and Zhang Daoming, then Vice President, became the acting head, leading PICC P&C to maintain orderly operations.

From his resume, Zhang Daoming is a typical internally cultivated executive:

He started in PICC P&C's human resources and strategic development department, briefly worked at Anbang P&C, but soon returned to PICC, holding key positions in core business departments such as market research and channel management;

Since 2009, Zhang Daoming has served in Zhejiang, Jiangxi, and Guangdong provincial branches, rising from deputy general manager to head of the provincial branches, and is familiar with grassroots business logic;

At the end of 2020, Zhang Daoming was promoted to Assistant President of PICC P&C, and in October of the following year to Vice President. Since then, he has also concurrently served as financial head of PICC P&C and as a director of several subsidiaries including PICC Health and PICC Life Insurance.

On March 27, PICC will hold its 2025 annual performance conference. At that time, the new helmsman of the property and casualty insurance “lead goose” will make his official debut in a new role, and convey the future direction of this industry giant to the market.

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