Former Dai-ichi Life official suspected of stealing ¥38 million from customer
The announcement came on top of a series of scandals involving the company since last year, including the alleged fraudulent acquisition of over ¥1.9 billion by another former employee.
Major Japan life insurers shun investing in nuclear weapons-linked firms
The restraint shown by the life insurers reflects a growing trend toward valuing environmental, social and other such factors in making investment decisions.
Dai-ichi Life Holdings Inc. said Tuesday it would buy Suncorp Life, an Australian life insurance unit of Suncorp Group, for 640 million Australian dollars ($460 million), the latest overseas expansion for a Japanese insurer grappling with a shrinking domestic market. Dai-ichi Life said in a ...
Japanese companies are working to assign intellectually disabled workers key positions as they seek to create more diverse workplaces. Dai-ichi Life Challenged Co. introduced a system in 2011 enabling people with disabilities to take leadership positions as a means of boosting their morale. The Tokyo-based company ...
Nippon Life seeks to seal deal this month to buy Aussie bank's insurance business
Nippon Life Insurance Co. aims to strike a deal this month to buy National Australia Bank's insurance business by next March, sources close to the matter said. The major Japanese life insurer, which last month agreed to buy smaller rival Mitsui Life Insurance Co. by ...
Protective Life shareholder sues over $5.7 billion Dai-ichi deal
Protective Life Corp. is being sued by a shareholder who says a proposed $5.7 billion purchase of the company by Dai-ichi Life Insurance Co. is unfair to investors because other potential bidders were locked out. Dai-ichi, the nation's second-largest life insurer, announced last month that ...
Dai-ichi Life edges closer to acquisition of major U.S. insurer
Dai-ichi Life Co. is in advanced talks to buy U.S. insurer Protective Life Corp., in a deal likely to be worth over $5 billion, making it the biggest acquisition by a Japanese insurer yet. Dai-ichi Life, the nation's second-largest private-sector life insurer, plans to buy ...
Three of four major life insurers may buy more foreign bonds in fiscal 2014 ending next March to seek higher returns because yields on Japanese government bond yields are predicted to stay at rock bottom, their asset management plans showed Friday. Life insurers are basically ...
