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AM Best Affirms Credit Ratings of Mitsui Sumitomo Insurance Company, Limited and Its Affiliates
Mitsui Sumitomo Insurance Company, Limited (MSI) (Japan). Concurrently, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICRs of "aa" (Superior) of MSI's U.S. ...
Source: BestWire   Date: June 12, 2023
AM Best Affirms Credit Ratings of Mitsui Sumitomo Insurance Company, Limited and Its Affiliates
Sumitomo Insurance Company, Limited (MSI) (Japan). Concurrently, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICRs of "aa" (Superior) of MSI's U.S. operating ...
Source: BestWire   Date: June 16, 2022
AM Best Affirms Credit Ratings of MS&AD Insurance Group Holdings, Inc.’s Main Operating and US Subsidiaries
Aioi Nissay Dowa Insurance Company (ADI) (Japan). Concurrently, AM Best has confirmed the FSR of A+ (Superior) and the Long-Term ICRs of "aa" (Superior) of MSI's U.S. operating ...
Source: BestWire   Date: June 11, 2021
AM Best Affirms Credit Ratings of MS&AD Insurance Group Holdings, Inc.’s Main Operating and U.S. Subsidiaries
Dowa Insurance Company Limited (ADI) (Japan). Concurrently, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICRs of "aa" of MSI's U.S. operating companies: Mitsui ...
Source: BestWire   Date: June 12, 2020
Japan’s Life Industry Delivered Positive New Business Growth in 2018 Fiscal Year
Life Insurance Association of Japan's report. New business from individual insurance and annuity increased 11.6% and 18.4% to ¥2.5 trillion and ¥501.6 billion in annualized ...
Source: BestWire   Date: June 19, 2019
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AM Best Affirms Credit Ratings of MS&AD Insurance Group Holdings, Inc.'s Main Operating and U.S. Subsidiaries
Dowa Insurance Company Limited (ADI) (Japan). Concurrently, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICRs of "aa" of MSI's U.S. operating companies: Mitsui ...
Source: BestWire   Date: May 23, 2019
Nippon Life Reported 9.3% Rise in Net During First Three Quarters
Nippon Wealth Life, also led to the growth. However, ordinary profit dropped 3.1% to ¥359.2 billion on a consolidated basis in the first three quarters. Nippon Life said this was ...
Source: BestWire   Date: February 26, 2019
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Japanese Insurers Seek M&A Targets to Aid in Diversification
Willis Towers Watson said in a report. Japanese buyers have an appetite for assets that complement their local portfolios, particularly for specialty business areas and less ...
Source: BestWire   Date: January 25, 2019
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Nippon Life’s 19.3% Rise in First-Half Net Income Driven by Business Growth
Mitsui Life Insurance Co. Ltd.'s ordinary revenue declined 5.7% to ¥24.7 billion, said Nippon Life. This was due to decline in policy reserve for the guaranteed return of variable ...
Source: BestWire   Date: November 28, 2018
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MassMutual Launches Venture Fund for Start-Up Investments in Southeast Asia
...Mutual Ventures, a unit of Massachusetts Mutual Life Insurance Co., has established a US$50 million fund for investments in Southeast Asia, according to a statement from the ...
Source: BestWire   Date: November 7, 2018
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Nippon Life’s First-Quarter Net Rises 48.5% on Acquired Business
Nippon Wealth Life Insurance Co. Ltd. on Jan 1., 2019, subject to regulatory approvals, said Nippon Life (Best's News Service, May 31, 2018). New domestic business increased 17.6% ...
Source: BestWire   Date: August 16, 2018
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Nippon Life Completes $955 Million MassMutual Japan Stake Acquisition
News Service, March 2, 2018). MassMutual entered the market in Japan in 2001 by acquiring Aetna Heiwa Life Insurance Co., then the 19th-largest life insurer in the country in terms ...
Source: BestWire   Date: May 31, 2018
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Nippon Life’s Net Income Drops 19.2% in 2017 Fiscal Year
Nippon Life and Mitsui Life Insurance Co. Ltd. in Japan contributed to a rise in group revenue, said Nippon Life. Mitsui Life saw a 36.8% rise in premium income to ¥695 billion ...
Source: BestWire   Date: May 30, 2018
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A.M. Best Affirms Credit Ratings of MS&AD Insurance Group Holdings, Inc.’s Main Operating and U.S. Subsidiaries
Insurance Company Limited (ADI) (both domiciled in Japan). The outlook of these Credit Ratings (ratings) is stable. Concurrently, A.M. Best has affirmed the FSR of A+ (Superior) ...
Source: BestWire   Date: May 24, 2018
Nippon Life Cleared to Set up Office in Myanmar
Nippon Life Insurance Co. has received approval from the Ministry of Planning and Finance of Myanmar to establish a representative office in Yangon. The approval was granted to its ...
Source: BestWire   Date: March 28, 2018
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Nippon Life Invests in Deutsche Bank’s Asset Management Unit
Nippon Life Insurance Co. has agreed to invest in Deutsche Bank's asset management subsidiary, DWS Group, according to a statement from Japan's largest life mutual insurer. Nippon ...
Source: BestWire   Date: March 13, 2018
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Nippon Life’s Third-Quarter Net Income Rises 1.6%
Australia also contributed to the rise in premium income. However, Nippon Life saw a 2.5% drop in premium income to ¥3.4 trillion. Nippon Life has agreed to acquire an 85.1% stake ...
Source: BestWire   Date: March 6, 2018
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Nippon Life Says $986 Million MassMutual Japan Deal Will Expand Group Business
...Namara told Best's News Service. MassMutual will invest sale proceeds in existing or new business initiatives, he said. The time was right to sell the majority stake because ...
Source: BestWire   Date: March 2, 2018
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A.M. Best Comments on Credit Ratings of Massachusetts Mutual Life Insurance Company Following Announced Sale of Japan Affiliate
...Mutual Japan to Nippon Life Insurance Company. MassMutual agreed to sell 85.1% of its ownership interest in its wholly owned life insurance and wealth management affiliate to ...
Source: BestWire   Date: March 2, 2018
MS&AD Buys 6.3% Stake in Australian Annuity Insurer Challenger
Mitsui Sumitomo Primary. Challenger said this will broaden its existing Japanese footprint, with the opening of Tokyo office in the second half of this year to support growth. ...
Source: BestWire   Date: August 15, 2017
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