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Tag - life-insurance

 
 

LIFE INSURANCE

Kazuyuki Shigemoto, managing executive officer of Daiichi Life Group, said the firm has been approaching dozens of companies that have never issued bonds or only rarely done so to tap the corporate bond market.
BUSINESS / Companies
Aug 7, 2026
Top Japan insurer urges companies to issue bonds in yield hunt
Daiichi Life Group has been approaching dozens of companies that have never issued bonds or only rarely done so, proposing that it will become a core buyer if they tap the market.
Higher sales of yen-denominated single-premium whole life insurance policies boosted fiscal 2025 revenues at four major Japanese life insurers, including Nippon Life, amid rising interest rates.
BUSINESS / Companies
Jul 27, 2026
Single-premium whole life insurance rising in popularity in Japan
Four major Japanese life insurers, including Nippon Life Insurance, reported higher revenues in fiscal 2025, driven mainly by stronger sales of such insurance policies.
SoftBank Group's Paypay said it will take a 70.2% stake in privately held T&D Financial Life Insurance.
BUSINESS
Jun 4, 2026
SoftBank¡¯s PayPay to buy T&D¡¯s life insurer for $840 million
PayPay, Âé¶¹´«Ã½ dominant payments app, said it will take a 70.2% stake in privately held T&D Financial Life Insurance.
Nippon Life Insurance, Âé¶¹´«Ã½ largest life insurer, wrote down ?70 billion ($440 million) in the year ended March 31.
BUSINESS / Companies
May 26, 2026
Nippon Life books its first impairment loss in current bond rout
Nippon Life Insurance, Âé¶¹´«Ã½ largest life insurer, wrote down ?70 billion ($440 million) in the year ended March 31.
The Prudential Financial Tower in Newark, New Jersey
BUSINESS / Companies
May 6, 2026
Prudential profit rises even as firm grapples with Japan pause
Prudential had paused life insurance sales in Japan for three months to restore trust after an investigation showed employee misconduct cost clients an estimated $20 million.
Prudential Life CEO Hiromitsu Tokumaru (center) and other executives from the firm during a news conference in Tokyo on Wednesday
BUSINESS / Companies
Apr 22, 2026
Prudential Life Insurance suspends sales for additional 180 days
The Japanese insurer has received more complaints related to alleged misuse of customer funds.
Daiichi Life Group believes strict selection of managers and risk management after making private credit investments are key.
BUSINESS / Companies
Apr 15, 2026
Daiichi Life to tighten private credit manager selection on risk
Bankruptcies of corporate borrowers in the U.S. have fueled concern about putting cash in the market, and the worries are starting to affect Japanese firms¡¯ investment decisions.
Nippon Life Insurance's Tokyo headquarters
BUSINESS / Companies
Apr 7, 2026
SMFG and Nippon Life discuss $3 billion LBO loan fund
The move would mark a milestone in Âé¶¹´«Ã½ credit market, where the three biggest banks have dominated lending.
Sumitomo Life Insurance¡¯s headquarters in Osaka
BUSINESS / Companies
Mar 18, 2026
Sumitomo Life plans to invest $1.9 billion in private credit
The Osaka-based insurer has been gradually increasing its private credit holdings.
The Nippon Life Insurance headquarters in Osaka. Japan's major life insurers are continuing plans to increase private credit investment in the next fiscal year from April.
BUSINESS / Companies
Mar 12, 2026
Japan insurers still keen on private debt amid growing red flags
Life insurance companies have joined global investors in a private debt market binge in search of higher yields.
Meiji Yasuda Life Insurance President Hideki Nagashima speaks during an interview on March. 3 in Tokyo's Chiyoda Ward.
BUSINESS / Companies
Mar 10, 2026
Meiji Yasuda aiming for insurance-premium revenues of ?5 trillion in fiscal ¡®26
The target, shared by President Hideki Nagashima, would reflect an increase on the ?4.3 trillion forecast for fiscal 2025.
The country¡¯s biggest insurers are sitting on swelling paper losses on their holdings of Japanese government bonds, which have slumped as the central bank raises interest rates.
BUSINESS / Companies
Feb 18, 2026
Accounting group seeks to ease rules on Japanese insurers¡¯ bond losses
Bonds held by life insurers to match long-term policies would be treated as held to maturity if certain conditions are met, and would not be subject to impairment accounting.
Dai-ichi Life Holdings has become the latest of Japan's life insurers to reveal misconduct.
BUSINESS
Feb 13, 2026
Dai-ichi Life reports 1,155 unauthorized data transfers
The information taken from the insurance agents without permission included personal data of customers, Dai-ichi Life Holdings said.
Prudential Life Insurance's CEO, Hiromitsu Tokumaru (second from left), bows at a news conference in Tokyo on Tuesday.
BUSINESS / Companies
Feb 12, 2026
Prudential¡¯s fraud scandal casts spotlight on fully commission-based remuneration
The model, which appears to be unique to Prudential in Japan, is thought to have been a factor that led some of the insurer¡¯s employees to commit fraud.
Prudential Life Insurance's new CEO, Hiromitsu Tokumaru (second from left), speaks at a news conference in Tokyo on Tuesday.
BUSINESS / Companies
Feb 10, 2026
Prudential Life¡¯s new CEO seeks to overhaul work culture in wake of fraud
The firm¡¯s compensation system, which is heavily weighted on performance, left employees on edge and played a major role in fueling the misconduct, the new CEO said.
Prudential Life Insurance will suspend sales of new insurance policies for 90 days starting Monday.
BUSINESS / Companies
Feb 4, 2026
Life insurance firm pauses sales following revelation of financial misconduct
Prudential Life Insurance was found to have mishandled about ?3.1 billion through schemes ranging from fraud to borrowing money from clients.
Expectations Japan's superlong bond yields will rise further as the government boosts spending have kept life insurers away from bond buying.
BUSINESS / Companies
Jan 27, 2026
Âé¶¹´«Ã½ midsize insurers hold back from bond buys anticipating rebound
The bonds are usually major investment targets to match insurers¡¯ long-term liabilities, but expectations yields will rise further amid government spending have slowed buying.
Prudential Life Insurance in Tokyo said more than 100 current and former employees had been defrauding customers of money.
BUSINESS / Companies
Jan 16, 2026
Over 100 employees of Prudential Life Insurance behind ?3.1 billion fraud, firm reveals
An internal probe uncovered fraudulent activities committed by current and former employees against some 500 customers.
Nippon Life Insurance President Satoshi Asahi says the firm is always looking at further acquisition opportunities, particularly in the United States.
BUSINESS / Companies
Dec 22, 2025
Nippon Life seeking overseas acquisitions and watching bond yields
Japanese financial firms have been aggressively making acquisitions abroad to make up for a lack of growth prospects at home.
Insurance premium revenues rose 30.4% from a year earlier at Meiji Yasuda, 13.4% at Nippon Life and 4.0% at Sumitomo.
BUSINESS / Companies
Nov 21, 2025
Three major Japan life insurers see revenue growth in April-September
Insurance premium revenues rose 30.4% from a year earlier at Meiji Yasuda, 13.4% at Nippon Life and 4.0% at Sumitomo.

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