Aeon Financial Service Co. has announced a plan to enter the life insurance business by acquiring a Japanese unit of German insurer Allianz SE. The financial service firm associated with major retailer Aeon Co. said Tuesday it would buy 32,400 new shares to be issued ...
Financial watchdog considers three-month sales halt at Japan Post units
The financial watchdog is considering imposing a three-month suspension of new sales of insurance products at two subsidiaries of the former state-owned postal services group, sources close to the matter said Saturday. The suspension would be slapped on Japan Post Insurance Co. and Japan Post ...
Vice minister of internal affairs quits over leak of penalties to scandal-hit Japan Post
The move is another example of the cozy relations between ministry officials and the Japan Post group.
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.
Insurers devise new steps to slash fees and promote wellness in rapidly graying Japan
Walking 8,000 steps a day or eating healthy food may now save you money as some Japanese insurers move to sell policies that offer premium discounts or refunds to those living healthily. These types of insurance policies may cut Japan's medical and nursing care costs, ...
SoFi expands into life insurance through deal with Protective Life
Social Finance Inc., a fast-growing online lender that focuses on high-earning millennials, is broadening its offerings to include life insurance. The startup, known as SoFi, will join with Protective Life Corp., a unit of Japan's Dai-ichi Life Holdings Inc., to provide up to $1 million ...
Top life insurers face second-half obstacles to returns on investment
Japan's biggest life insurers face hurdles wherever they seek returns in the fiscal second half, as Bank of Japan debt buying depresses local yields, the yen shows signs of strength and currency hedging costs soar. Nippon Life Insurance Co. said Thursday it plans to keep ...
MetLife banks on trust to succeed in Japan
As Japan's life insurance market matures, many companies are looking overseas for opportunities to expand. One exception is MetLife Insurance K.K., whose chief executive says Japan offers scope for growth, both from new opportunities and from customers dissatisfied with their current insurer. "We see Japan as ...
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 ...
