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Yuanta Life Insurance gets new president

Yuanta Financial Holdings Co. Ltd. named Wen-Ming Hong as president of unit Yuanta Life Insurance Co. Ltd.

He replaces Tien-Fu Kao who resigned as president and director of the insurer, the company said March 27.

Wen-Ming Hong is currently executive vice president of Yuanta Life Insurance. His appointment is subject to regulatory approval. He will act as the company's president in his capacity as executive vice president until his appointment is approved.