China Life chair set to take helm at PICC

From: China Daily | Date: January 25, 2007| Author: | Copyright information

The chairman of China's largest life insurer will soon head the country's biggest non-life insurer in a bid to boost its performance, an insider confirmed yesterday.

Yang Chao, chairman of China Life Insurance Co, will soon be appointed chairman of PICC Property & Casualty Co. And Wu Yan, president of China Life, will become the new chairman, a China Life source told China Daily.

But according to Wen Tao, head of China Life's public relations division, the appointments have not yet been officially announced.

Current PICC Chairman Tang Yunxiang will retire from the post.

"It is a government ...

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