-- Nippon Life Insurance Co. is on the hunt to take stakes in other insurers and asset managers in the US and Asia after it agreed to its biggest-ever M&A deal.Dow Average Touches 40,000 Before Pulling Back: Markets Wrap
“We are a conservative company. It’s difficult for us to do a deal involving huge amounts of money in a single shot,” he said, when asked why the company did not aim for a majority stake.Kimura also said his company will look for targets in Europe as well, though he said there are fewer opportunities there than in the US.
In 2016, Nippon Life bought National Australia Bank Ltd.’s life insurance unit for A$2.2 billion . The Japanese company was forced to make multiple rounds of additional capital injection to prop up the unit’s financial health after it suffered losses following the acquisition.“We are a very domestic company,” he said. “We will boost human resources necessary for global businesses, like by hiring outside talent, including non-Japanese people.
Here's my preferred ETF when it comes to investing in TSX-listed stocks. The post The Smartest TSX ETF to Buy With $1,000 Right Now appeared first on The Motley Fool Canada. -- China sold a record amount of Treasury and US agency bonds in the first quarter, highlighting the Asian nation’s move to diversify away from American assets as trade tensions persist.
Source: Insurance Report (insurancereport.net)
Bloomberg Corebridge Financial Inc. American International Group Inc. Corebridge Asset Managers Overseas Businesses
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: SaltWire Network - 🏆 45. / 63 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: SaltWire Network - 🏆 45. / 63 Read more »
Source: SaltWire Network - 🏆 45. / 63 Read more »