China Life boss hired to run People's Insurance - Caixin

BEIJING, April 3 (Reuters) - China Life Insurance Co Ltd

chief Miao Jianmin will run People's Insurance Group

Of China Co Ltd following the exit of its former boss,

who is under investigation for possible corruption, financial

magazine Caixin reported.

Miao will be vice chairman and president, the report said,

replacing Wang Yincheng, who resigned last month following the

news that he was being investigated by the Central Commission

for Discipline Inspection (CCDI), China's top anti-graft body.

He was the highest-ranking executive in the insurance sector

to be investigated in Beijing's war on corruption.

The Communist Party has announced Miao's appointment, but

People's Insurance has not yet made it public, the report said.

(Reporting by Josephine Mason and Judy Hua)