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September 03, 2015 2:15 PM ET

Insurance

Company Overview of Nippon Life Insurance Company

Company Overview

Nippon Life Insurance Company, together with its subsidiaries, engages in insurance and insurance-related businesses 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 company’s product...

3-5-12, Imabashi

Chuo-ku

Osaka,  541-8501

Japan

Founded in 1889

Phone:

81 6 6209 4500

Key Executives for Nippon Life Insurance Company

President and Representative Director
Age: 61
Executive Vice President and Representative Director
Age: 61
Senior Managing Executive Officer and Director
Age: 59
Senior Managing Executive Officer and Director
Age: 57
Senior Managing Executive Officer and Director
Age: 61
Compensation as of Fiscal Year 2015.

Nippon Life Insurance Company Key Developments

Nippon Life Is Reportedly In Talks To Buy NAB's Insurance Unit

Nippon Life Insurance Company is in "serious" talks to buy National Australia Bank Limited's (ASX:NAB) insurance business in a deal that could be worth up to $2.5 billion, Japan's Yomiuri newspaper reported on August 27, 2015. Nippon Life hopes to finalize the deal by year-end, the daily said, without citing any sources. NAB declined to comment and JP Morgan, which sources told Reuters is advising the bank on the deal, also declined to comment, reported Reuters.

Nippon Life Reportedly Plans To Acquire Mitsui Life

Nippon Life Insurance Company is planning to acquire Mitsui Life Insurance Company Limited as early as in September, according to people with knowledge of the deal. Nippon Life plans to offer ¥300 billion to ¥400 billion for at least an 80% stake in Mitsui Life, said one of the people, who asked not to be named because the information isn't public. Nippon Life is planning to acquire a 66.67% to 80% stake in Mitsui Life from Sumitomo Mitsui Financial Group, Inc. and other shareholders. The transaction is expected to be announced early in September 2015 and complete by the end of March 2016.

Nippon Life In Talks To Buy NAB Insurance Unit

National Australia Bank Limited (ASX:NAB) is said to be in exclusive discussions to sell its insurance unit to Nippon Life Insurance Company, sources said. Nippon Life may pay for ¥200 billion to ¥300 billion. JPMorgan is advising NAB in the sale.

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