China Life’s boss tapped for vacancy at People’s Insurance

New hire to replace former chief who resigned amid allegations of corruption

China Life’s boss tapped for vacancy at People’s Insurance

Insurance News

By Gabriel Olano

Miao Jianmin, current head of China Life Insurance Co Ltd., has been appointed as vice chairman and president of the People’s Insurance Group of China, replacing its former head, who is under investigation for corruption.

Want the latest insurance industry news first? Sign up for our completely free newsletter service now.
Miao will replace Wang Jincheng, who was forced to resign last month after being a target of investigation by the Central Commission for Discipline Inspection, China’s top anti-graft agency. Wang was the highest-ranked insurance official that fell to Beijing’s war on corruption.

According to a report by Chinese financial publication Caixin, the ruling Communist Party has already announced Miao’s appointment, but People's Insurance Group has yet to make an announcement of its own.

Related stories:
China Life’s net profit for 2016 takes a tumble of almost 45%
Fosun co-founder steps down amid sudden reshuffling
Standard Life to sell its Hong Kong arm to Chinese joint venture

Keep up with the latest news and events

Join our mailing list, it’s free!