In a bid to incorporate insurance products into its credit card business, Credit Saison Co. will acquire stocks in two insurance firms set up jointly by Japanese and U.S. businesses.

The major credit card issuer will obtain a quarter of the stocks in Allstate Automobile & Fire Insurance Co. and Saison Life Insurance Co. later this month, with an eye on the “Big Bang” financial deregulation, officials from concerned companies announced Wednesday at a joint news conference.

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