Japan Post Holdings Co.’s insurance unit plans to buy back about 300 billion yen ($2.9 billion) of shares from its parent, giving the insurer more freedom to expand its business, according to people with knowledge of the matter. The holding …
Tokio Marine Holdings Inc. is seeking acquisition opportunities in Asian emerging markets and elsewhere as it seeks to double profits from those regions, according to the new chief of Japan’s largest property-and-casualty insurer. “We have group companies in Southeast Asia …
Japanese insurance companies have spent more than $50 billion on acquisitions over the past five years to become the world’s second-largest buyer of insurance assets, and the deals spree won’t be slowing down any time soon. The cashed-up insurers are …
Japan Post Holdings Co. Ltd. on Wednesday said it will buy 7 percent of U.S. insurer Aflac Inc. for about $2.4 billion, as the postal and financial conglomerate seeks new profit-drivers to counter weak growth prospects. Japan Post, majority-owned by …
Japan’s MS&AD Insurance Group Holdings Inc said on Friday it had agreed with Swiss Re AG to invest 800 million pounds ($1.05 billion) to take a stake of up to 15 percent in UK-based ReAssure Jersey One Ltd. MS&AD and …
Japan’s biggest private-sector life insurer, Nippon Life Insurance Co., is in talks to buy a majority stake in the domestic unit of U.S.-based MassMutual Financial Group in an attempt to boost its bancassurance sales, two sources said. Bancassurance, in which …
A government sale of Japan Post Holdings Co. stock raised $11 billion in the world’s second-biggest share sale this year, with the postal and financial giant’s attractive dividend yield helping drum up sufficient, albeit subdued, demand. The stock priced at …
Japan’s government plans to sell shares in Japan Post Holdings Co. as soon as this month, the first sale since the company’s massive 2015 listing, a government source familiar with the deal said on Friday. The finance ministry will meet …
Australia and New Zealand Banking Group’s sale of its life insurance and wealth business, which has been valued at $3.33 billion by the bank, is attracting interest from Japan’s Meiji Yasuda and Hong Kong-based AIA Group, according to people familiar …
Japan Post Holdings and its two financial units burst out of the gate with gains of 16 to 33 percent on debut on Wednesday, after the government raised $12 billion from the triple IPO in Japan’s biggest privatization since 1987. …
