Tag - life-insurance

 
 

LIFE INSURANCE

BUSINESS / Companies
Sep 4, 2018
Japan's Dai-ichi Life to buy Suncorp Life for $460 million
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.
Japan Times
BUSINESS
Jul 24, 2018
Nippon Life to stop financing coal-fired power
Nippon Life Insurance Co. will no longer extend loans for, or invest in, coal-fired power plants due to environmental concerns, an official at Japan's biggest life insurer said, in the first such move by a major domestic institutional investor.
BUSINESS / Companies
Nov 21, 2016
AIG sees $430 million loss on Fuji Life sale, gain on Seoul deal
American International Group Inc., the insurer that's shrinking to free up capital for shareholder buybacks, said it expects to book a loss of about $430 million on the previously disclosed deal to sell Fuji Life Insurance Co. in Japan.
BUSINESS / Companies
Nov 15, 2016
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.
Japan Times
BUSINESS / Companies
Nov 15, 2016
Hong Kong tycoon's FWD poised to buy AIG unit in first Japan foray
Hong Kong tycoon Richard Li is poised to buy American International Group Inc.'s Fuji Life Insurance Co. business, a deal that marks his FWD Group's first foray into Japanese insurance.
BUSINESS / Companies
Nov 30, 2015
Nippon Life plans Japan's largest REIT as investors crave yields
Nippon Life Insurance Co., which is seeking to gather about ¥300 billion ($2.4 billion) for what would be Japan's largest private real estate investment trust, is targeting returns of 4 percent as yields on government bonds languish near zero.
BUSINESS
Oct 23, 2015
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.
Japan Times
BUSINESS / Companies / EXECUTIVE DECISIONS
Sep 18, 2014
MetLife banks on trust to succeed in Japan
As Japan's life insurance market matures, many companies are looking overseas for opportunities to expand.
BUSINESS / Companies
Jun 2, 2014
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.
Japan Times
BUSINESS / Companies
Nov 1, 2013
CTBC buys Tokyo Star, Taiwan Life
Taiwan's CTBC Financial Holding Co. agreed to buy Tokyo Star Bank Ltd. and Taiwan Life Insurance Co. for about $1.4 billion as it seeks to diversify outside its crowded home market.

Longform

A small shrine perched atop rocks braves the waves hitting the shoreline during a storm in Shimoda, Shizuoka Prefecture. The area is under threat of a possible 31-meter-high tsunami if an earthquake strikes the nearby Nankai Trough.
If the 'Big One' hits, this city could face a 31-meter-high tsunami