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.
Nationwide: Consumers Say Insurance Should Evolve for Micromobility Vehicles 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency 
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments 
