Sumitomo Life buys 25% stake in fintech startup Singapore Life
Sumitomo Life Insurance Co. has purchased a stake of about 25 percent in Singapore Life Pte. for $90 million in a drive to capitalize on the fintech startup's long-term growth. Sumitomo Life completed the transaction to become a major shareholder last Friday, spokesman Akira Sasaki ...
Japan's labor shortage eats away at backbreaking work culture
When she worked in sales for a bank, Chihiro Narazaki was passed over for the best assignments in favor of older colleagues. Her input was discouraged and she often stayed late just to do routine paperwork. The 29-year-old knew where this was heading: Her father, ...
Sumitomo Life to buy Buffett-backed Symetra for $3.8 billion
Sumitomo Life Insurance Co. agreed to buy Symetra Financial Corp. for about $3.8 billion (¥473.5 billion) as the Japanese company seeks to expand in the U.S. Symetra investors will receive $32 a share in cash plus a special dividend of 50 cents a share, Bellevue, ...
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 ...
Sumitomo Life Insurance Co. is among companies preparing to bid for a stake in the life insurance unit of PT Bank Negara Indonesia, according to two sources. Sumitomo Life, Japan's third-largest life insurer, is weighing an offer for a 40 percent stake that may be ...
