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July 28, 2015 11:36 AM ET

Insurance

Company Overview of Meiji Yasuda Life Insurance Co., Ltd.

Company Overview

Meiji Yasuda Life Insurance Co., Ltd. provides various insurance services in the life insurance industry in Japan, rest of Asia, North America, and Europe. The company offers various insurance solutions, such as individual life insurance, individual annuities, group life insurance, and group pension products. It also provides international insurance services for the insurance and annuity needs of the overseas branches and subsidiaries of multinational corporations; and international reinsurance products comprising reinsurance of life, accident, and health insurance policies. The company sells its products through its sales personnel; OTC sale at banks and other financial institutions; and an...

1-1, Marunouchi 2-chome

Chiyoda-ku

Tokyo,  100-0005

Japan

Founded in 1881

38,000 Employees

Phone:

81 3 3283 8293

Fax:

81 3 3215 8123

Key Executives for Meiji Yasuda Life Insurance Co., Ltd.

President
Standing Advisor
Chief Executive of Investment and Senior Managing Managing Executive Officer
Chief Executive of Group Marketing and Senior Managing Executive Officer
Deputy President and Director
Compensation as of Fiscal Year 2015.

Meiji Yasuda Life Insurance Co., Ltd. Key Developments

Meiji Yasuda Life Insurance Company Reports Earnings Results for the Year Ended March 31, 2015; Provides Earnings Guidance for the Fiscal Year 2015

Meiji Yasuda Life Insurance Company reported earnings results for the year ended March 31, 2015. For the year, the company reported net surplus of JPY 265.40 billion compared to JPY 240.61 billion a year ago. Ordinary income was JPY 4.60 trillion compared to JPY 4.78 trillion a year ago. Ordinary profit was JPY 386.47 billion compared to JPY 424.88 billion a year ago. Other ordinary income was JPY 161.48 billion compared to JPY 137.91 billion a year ago. For the fiscal year 2015, the company expects insurance premiums and other of approximately JPY 3.09 trillion.

Meiji Yasuda Life Insurance Co. Appoints Satomi Matsumura to Head Tachikawa Branch as an Executive Officer as of April 1, 2015

At Meiji Yasuda Life Insurance Co., Satomi Matsumura, 53, chief of the Narita branch, will head the Tachikawa branch as an executive officer as of April 1, 2015.

Turkiye Halk In Talks With 20 Bidders For Halk Sigorta And Halk Emeklilik

Insurers from Europe, Asia and the United States are among some 20 potential bidders in the sale by Turkiye Halk Bankasi A.S. (IBSE:HALKB) of its pension and insurance arms, three sources close to the process said. Halkbank said in July it planned to sell part or all of pension provider Halk Sigorta AS and Halk Hayat Ve Emeklilik A S. through Turkey's privatisation office, but has yet to give details. "Talks were carried out with around 20 interested buyers. They will decide whether to participate in the sale process once the privatisation document is out," one of the sources said, speaking on condition of anonymity as the matter is not public. "Five of them are in the process of hiring an adviser already," the source told Reuters. ageas SA/NV (ENXTBR:AGS), Aviva plc (LSE:AV.), Zurich Insurance Group AG (SWX:ZURN), Meiji Yasuda Life Insurance Company, Nippon Life Insurance Company, Sompo Japan Nipponkoa Holdings, Inc. (TSE:8630), Khazanah Nasional Berhad and ACE Limited (NYSE:ACE) were among the interested parties, the sources said. Ageas, Aviva, Meiji Yasuda, Nippon Life, Sompo Japan, Zurich and Turkey's privatisation office all declined to comment. ACE and Khazanah were not immediately available to comment. Citi is advising Halkbank on the sale.

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