Reported 9 months ago
On June 26, 2024, China Credit Financial Holding announced that Lin Qinmiao, Chairman of China Credit Insurance, will resign due to personal reasons, effective July 2. It is understood that Xu Dongmin, a director of Taiwan Life Insurance, a subsidiary of China Credit, is expected to succeed as Chairman of China Credit Insurance pending approval at the July 2 board meeting. Lin Qinmiao will transition to a non-financial industry. Lin Qinmiao, who served as Chairman of China Credit Insurance since 2017, played key roles in the merger process of Taiwan Life Insurance and China Life Insurance. Xu Dongmin, who retired from China Life last April and joined China Credit in April 2023, is now poised to take over as Chairman of China Credit Insurance, subject to board approval. Additionally, New Life Insurance has recently shown improved investment performance and profitability, turning a profit since February with after-tax profits reaching 6 billion NTD by May. The board has promoted three investment executives to strengthen the investment strategy for the second half of the year.
Source: YAHOO