The Financial Supervisory Commission yesterday said it has approved Nan Shan Life Insurance Co’s (南山人壽) appointment of vice chairman Yin Chung-yao (尹崇堯) as company chairman.
The commission in December 2019 rejected Yin’s appointment, citing his lack of solid experience in the life insurance business as he had only joined the company in 2016.
However, having worked for six years now at Nan Shan by serving in different departments, Yin is eligible for the chairmanship, the commission said yesterday.
The 39-year-old Yin is the son of Ruentex Group (潤泰集團) chairman Samuel Yin (尹衍樑). The group holds about 90 percent of the life insurer’s