Browsing: Japan

Fukoku Mutual Life Insurance Co. plans to invest in Japan’s super-long government bonds after their yields skyrocketed, considering a shift from foreign debt.

Japanese insurer Mitsui Sumitomo Insurance is set to acquire a 15% stake in U.S.-based W. R. Berkley, a move aimed at expanding its presence in the specialty insurance market.

Two major Japanese insurance companies, Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance, are set to begin merger discussions, aiming to create the largest non-life insurance company in Japan.

Mitsui Sumitomo Insurance Co. and Aioi Nissay Dowa Insurance Co. to merge in 2027, forming the nation’s largest non-life insurer.

MS&AD Insurance Group Holdings plans to merge Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance by April 2027 to create a leading non-life insurance company in Japan.

Taiyo Life Insurance has finalized a significant reinsurance transaction with Fortitude Re, covering a substantial portion of its whole life annuity business.

An overview of the regulatory framework and the evolution of the Japanese insurance market, and its attractiveness to foreign insurers.

Fortitude Re has reached an agreement with Taiyo Life Insurance Company to reinsure a significant portion of its whole life annuity business.

Nippon Life Insurance reported strong financial results for the first nine months of fiscal year 2024, showcasing significant growth in net income.

Lifenet Insurance Company (JP:7157) has been recognized by J.D. Power for its customer satisfaction in direct life insurance, marking its fifth consecutive year at the top. The company attributes its success to strategic initiatives focused on technology, rebranding, and embedded services.