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May 29, 2015 5:37 PM ET

Insurance

Company Overview of Nippon Life Insurance Company

Company Overview

Nippon Life Insurance Company, together with its subsidiaries, provides various life and non-life insurance products and services worldwide. The company’s products for individual customers include whole life and term life insurance products, and term life insurance with survival benefits; dread disease, physical disability, and nursing care insurance products; general medical, cancer medical, and limited injury insurance products; annuities and endowment insurance products; juvenile, children’s general medical, and education endowment insurance products; single-payment products; and automobile and fire insurance products. It also offers consultancy services for individual customers. The comp...

3-5-12, Imabashi

Chuo-ku

Osaka,  541-8501

Japan

Founded in 1889

73,578 Employees

Phone:

81 6 6209 4500

Key Executives for Nippon Life Insurance Company

President and Representative Director
Age: 60
Executive Vice President and Representative Director
Age: 60
Senior Managing Executive Officer and Director
Age: 58
Senior Managing Executive Officer and Director
Age: 56
Senior Managing Executive Officer and Director
Age: 60
Compensation as of Fiscal Year 2014.

Nippon Life Insurance Company Key Developments

Nippon Life Insurance Company Announces the Issuance of JPY 75 Billion Denominated Subordinated Notes

Nippon Life Insurance Company announced the issuance of JPY 75 billion denominated subordinated notes due 2045 interest deferral options.

Nippon Life Insurance Seeks Acquisitions

Nippon Life Insurance Company is considering acquiring firms that focus on developing insurance products for sales through banks, President Yoshinobu Tsutsui said in a recent interview. Nippon Life will set up a new company to be ready for a speedy provision of products, Tsutsui said. "We will move ahead with both strategies--acquisitions and the establishment of a new company," Tsutsui said.

Nippon Life Insurance Seeks Acquisitions

Nippon Life Insurance Company is looking for acquisition targets both in developed and emerging markets, including asset managers in the United States, as the domestic-focused insurer seeks to diversify sources of income. Nippon Life aims to expand its small global asset management business through acquisitions, with a consideration being small, boutique-type asset managers in the United States specializing in particular asset classes. Nippon Life said it may use up to $12.4 billion for investment and acquisitions at home and abroad over the next 10 years, to raise earnings outside its domestic insurance base by 10 times over the next decade. Yoshinobu Tsutsui, Nippon Life President said, depending on targets, the company would buy majority stakes.

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