Confirming plans announced last September, Japans largest p/c insurer, Tokio Fire & Marine Insurance Co. Ltd., and Nichido Fire & Marine will merge into a joint holding company in April of 2002. Further plans call for mutual insurer Asahi Life to become part of the new company by 2004, following its plans to demutualize.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Lemonade Posts $43M Loss for Q2 as it Continues to Grow Customer Base 
Zurich CEO Says Staff Let Go as Regulator Finma Imposes Partial Sales Ban 
Record-Low Danube Water Levels Leave Boats Beached, Reveal Decades-Old Shipwrecks 
Berry Producer Driscoll’s Sued Over Alleged Greenwashing, Use of Forever Chemicals 
