FSA to inspect two Japan Post units involved in insurance sales scandal
The Financial Services Agency will conduct on-site inspections of Japan Post Co. and Japan Post Insurance Co. in September over the insurance sales scandal involving the Japan Post Holdings Co. units.
Japan Post weighs halt to commissioned insurance sales after mismanagement reports
Japan Post Co. is considering suspending commissioned sales of insurance products from private companies such as Nippon Life Insurance Co. through post offices across the nation, sources have said. The move comes after the revelation last month of inappropriate sales practices by Japan Post employees ...
Aflac Life Insurance Japan Ltd. has begun checking for any inappropriate contracts for its insurance products sold on commission by Japan Post Holdings Co. units, sources said Wednesday. The investigation, launched this month, comes in the wake of the revelation last month of inappropriate sales ...
Japan Post to sell up to 30% of outstanding shares in its insurance unit
Japan Post Holdings Co. said Thursday that it will sell up to 30 percent of its outstanding shares in subsidiary Japan Post Insurance Co. by the end of this month. The value of the sale of up to 185 million shares will reach ¥440 billion ...
Japan Post to take 7% stake in U.S. insurer Aflac for closer tie-up
Japan Post Holdings Co. will acquire a 7 percent stake in U.S. insurer Aflac Inc. in 2019, after gaining regulatory approval, and make it an affiliate four years after the purchase to expand their cooperation, both firms said Wednesday. Following the stake purchase — worth ...
Japan Post Co. said Monday it will begin offering support services for the elderly in October by making use of its mail delivery network, stepping beyond its postal, savings and insurance businesses for the first time. The nominally privatized mail firm has a nationwide network ...
Aflac wins wider access to Japan Post's insurance sales network
Japan Post Holdings Co., the country's biggest holder of bank deposits, will start selling more insurance products by Aflac Inc., the largest provider of supplemental health insurance. Japan Post, which began offering cancer insurance policies by Aflac, or American Family Life Assurance Co., in October ...
