Confirming earlier reports, Japan’s largest p/c insurer, Tokio Marine and Fire Insurance Co. Ltd. plans to merge with the 5th largest life insurer, Asahi Mutual Life and a smaller p/c company Nichido Fire & Marine.
The new group will have about $177 billion in combined assets, . The three companies are expected to cooperate in developing new products, cross-selling one another’s insurance products, and harmonizing technical support systems,but haven’t as yet revealed any specific plans to further integrate their operations.
Topics Mergers & Acquisitions Carriers
Was this article valuable?
Here are more articles you may enjoy.
Aon Adds to List of Brokers Suing Howden US for Alleged Poaching, Theft 
Court Awards $32 Million Over Premature Baby’s Death at Yale Hospital 
State Insurance Legislators ‘Greatly Disturbed’ by Trump AI Regulation Order 
‘Door Knocker’ Roofers Were Everywhere. NC Farm Bureau Saw an Opportunity 
