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Report: Anbang Life Insurance to install sole CEO at South Korean unit

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Report: Anbang Life Insurance to install sole CEO at South Korean unit

TONGYANG Life Insurance Co. Ltd. will make current Co-CEO Luo Jian-rong the company's sole CEO, Yonhap News Agency reported Feb. 28, citing industry sources.

The South Korean unit of Anbang Life Insurance Co. Ltd. will retain Luo on the company's board and dismiss President and CEO Koo Han-suh at a shareholders meeting to be held March 26.

Luo moved to TONGYANG Life Insurance in September 2015 and became co-CEO in September 2017.