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Japan's Prudential Life Insurance appoints new president

Japan-based Prudential Life Insurance Co. Ltd. appointed Motofusa Hamada as its new president, effective April 1.

Hamada is one of the directors of the company's board. Hamada will replace Shoichiro Ichitani, who will become vice chairman, the company said Feb. 21.

Prudential life is a unit of U.S.-based Prudential Financial Inc.