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Japan’s Dai-ichi buys US Life Insurer

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Japan?s Dai-ichi Life to buy US insurer for 5 billion dollarsTokyo, June 4 – Photo shows the sign board of Dai-ichi Life Insurance Company Ltd as seen at its headquarters in Tokyo, Japan.

According to the Nikkei business daily, Japan’s Dai-ichi Life Insurance Co is poised to purchase US life insurer Protective Life for more than 500 billion yen (4.9 billion US dollar).

The deal will mark the largest-ever acquisition of a foreign company by a Japanese life insurer.

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Photo: EPA