Taiwan’s Cathay Life Insurance Co has promoted Lin Chao-ting to president of the company, one of the largest insurers on the island with around NT$7.93 trillion (US$240 billion) of assets.
He succeeds Liu Shang-Chi, who was appointed chief investment officer of Cathay Life’s parent company, Cathay Financial Holding. Liu takes over from Sophia Cheng, who stepped down on January 1.
Cathay Financial announced the appointments in a statement on March 5, describing it as a “strategic move” and “an important step” to align its core insurance and investment businesses.
The Financial Supervisory Commission has to approve the appointments.
Lin has worked at Cathay Life since 1996, and has held various positions, including manager of the actuarial department and senior vice president. He is currently an executive vice president.
