Yasuda Fire & Marine Insurance Co., Japan’s No. 2 nonlife insurer, signed a basic agreement Thursday to merge with middle-tier insurers Nissan Fire & Marine Insurance Co. and Taisei Fire & Marine Insurance Co.
The merger, to take place in April 2002, will not endanger a tieup agreement that Yasuda has signed with Dai-ichi Mutual Life Insurance Co. to provide new life and property insurance products, officials said.
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