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.
(2025/07/02-14:54)
To read a full story, please click here to find out how to subscribe.
BUSINESS
-
07/30 19:28 Swedish Fund EQT to Buy Japan's Fujitec
-
07/30 17:52 Nissan Logs 115.7-B.-Yen Net Loss in April-June
-
07/30 14:18 Toyota Group's Jan.-June Global Sales Hit Record High
-
07/30 11:53 Nidec to Build New Factory in India
-
07/30 08:10 Marelli Aiming for Rehabilitation under Partner Banks
-
07/29 19:35 Mizuho Bank to Acquire AI Financial Venture
-
07/29 08:00 U.S. Fund KKR to Launch Tender Offer for Japan's Topcon
-
07/28 16:35 Various Measures Taken in Japan to Reduce Food Waste
-
07/28 12:59 Mitsui Chemicals Apologizes for Gas Leak in Fukuoka Pref.
-
07/28 12:18 INTERVIEW: PayPay Bank to Expand Small-Lot Corporate Loans
-
07/26 18:51 3 Online Brokerages to Cover Half of Damage from Account Hacking
-
07/25 19:01 Renesas Suffers 1st Jan-June Net Loss in 6 Years
-
07/25 13:55 Sony to Acquire 2.5 Pct Stake in Bandai Namco
-
07/24 20:08 Uber Japan Helps Families Book Rides for Elderly Members
-
07/24 12:52 Fujitsu, Nagoya Univ. Develop AI-Based Tech to Spread Ride-Hailing
-
07/23 23:01 Japanese Automakers Relieved with Lower U.S. Tariff