HOME > BUSINESS > Article

Text Size

small

medium

large


Sumitomo Life to Buy Business of U.S. Life Insurer

Sumitomo Life to Buy Business of U.S. Life Insurer

   Tokyo, July 2 (Jiji Press)--Japan's Sumitomo Life Insurance Co. has said that it will acquire the group life and disability business of midsize U.S. life insurer Dearborn Group through its U.S. subsidiary Symetra Financial Corp.
   For the acquisition, expected to be worth about 100 billion yen, Sumitomo Life will invest an additional 900 million dollars, or about 130.5 billion yen, in Symetra Financial.

To read a full story, please click here to find out how to subscribe.

HEADLINES

POLITICS
Israel Shows Readiness to Make More Concession over Gaza Ceasefire: Report
ECONOMY
Nissan to Terminate Auto Production at Oppama Plant in Kanagawa Pref. in FY '27
SPORTS
NHL to Open 2025-26 Season on Oct. 7
OTHER
Police Find Tens of Millions of Yen in Cash at Home of Executed Aum Guru's Widow

AFP-JIJI PRESS NEWS JOURNAL


Photos