Tag - dai-ichi-life

 
 

DAI ICHI LIFE

Dai-ichi Life Holdings has begun to include more alternative investments in its ¥33.9 trillion portfolio, and is also looking at increasing mergers and acquisitions.
BUSINESS
Apr 18, 2024
Shifting market spurs Dai-ichi to adjust ¥33.9 trillion portfolio
The firm is cutting its holdings of domestic equities, which are surging, to avoid too much exposure to the asset class.
A fight over Benefit One is the latest in a growing number of takeover deals in Japan, spurred in part by the Tokyo Stock Exchange pushing for improved corporate governance.
BUSINESS / Companies
Feb 8, 2024
Dai-ichi Life gets Pasona's nod on Benefit One acquisition
The agreement with Pasona Group, which owns 51.16% of Benefit One, is crucial for Dai-ichi to win the battle against digital health care provider M3.
Nippon Life Insurance will focus purchases on 30-year JGBs, with the current yield of above 1.8% "good in terms of absolute level," a representative for the insurer said at a recent briefing.
BUSINESS / Markets
Oct 27, 2023
Japan's life insurers to boost JGB buying but wary of policy shift
Nippon Life, Dai-Ichi Life and Meiji Yasuda Life were among those who said they aimed to buy the longest-dated JGBs amid the highest yields in a decade.
Nippon Life Insurance headquarters in Osaka. Japanese insurers are seeking more investments in private credit, attracted to their floating interest rates as global borrowing costs jump.
BUSINESS / Companies
Aug 18, 2023
Private credit boom attracts Japan insurers with $2.6 trillion
Dai-ichi Life Insurance and Nippon Life Insurance are among companies that are seeking more investments in private credit.
Japan Times
BUSINESS / Companies
Mar 29, 2023
Japan’s Dai-ichi Life turns $260 billion portfolio toward JGBs
Dai-ichi was among the biggest holders of foreign bonds as a result of the BOJ’s decadelong stimulus drive, but now is increasing investments in superlong government bonds.
Japan Times
BUSINESS / Companies
Nov 27, 2022
Citing pandemic, seven Japanese life insurers incur April-September loses
Insurance payments ballooned as life insurers distributed hospitalization benefits to a wide range of policyholders infected with the coronavirus.
BUSINESS / Companies
Sep 4, 2018
Japan's Dai-ichi Life to buy Suncorp Life for $460 million
Dai-ichi Life Holdings Inc. said Tuesday it would buy Suncorp Life, an Australian life insurance unit of Suncorp Group, for 640 million Australian dollars ($460 million), the latest overseas expansion for a Japanese insurer grappling with a shrinking domestic market.
BUSINESS / Companies
Nov 15, 2016
SoFi expands into life insurance through deal with Protective Life
Social Finance Inc., a fast-growing online lender that focuses on high-earning millennials, is broadening its offerings to include life insurance.
BUSINESS / Companies
Jul 24, 2014
Protective Life shareholder sues over $5.7 billion Dai-ichi deal
Protective Life Corp. is being sued by a shareholder who says a proposed $5.7 billion purchase of the company by Dai-ichi Life Insurance Co. is unfair to investors because other potential bidders were locked out.
Japan Times
BUSINESS / Companies
Jun 2, 2014
Dai-ichi Life edges closer to acquisition of major U.S. insurer
Dai-ichi Life Co. is in advanced talks to buy U.S. insurer Protective Life Corp., in a deal likely to be worth over $5 billion, making it the biggest acquisition by a Japanese insurer yet.

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