The life insurance arm of Taiwan's Fubon Financial and the Chinese Nanjing Zijin Investment Co are gearing up for a joint venture in China's life insurance market. Reports from China estimate that both parties may invest as much as 400 million yuan (US$59.50 million) in forming a new Chinese life insurance company. The move by Fubon will further strengthen its presence on the mainland, which has emerged…

Aetna Inc., the third-largest health insurer in the US, has announced that its Chairman and current Chief Executive Officer, Ronald A. Williams, will be succeeded by the end of November 2010 by Mark T. Bertolini, current President of Aetna. Mr. Williams intends to retire, and will stay on as executive chairman until April 2011, when this role will also be assumed by Mr. Bertolini.