March 05, 2015 2:09 AM ET

Insurance

Company Overview of Meiji Yasuda Life Insurance Company

Company Overview

Meiji Yasuda Life Insurance Company 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 a...

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 Company

President, Director, Member of Nominating Committee and Member of Compensation Committee
Age: 65
Chairman, Representative Executive Officer, Member of Nominating Committee and Member of Compensation Committee
Age: 65
Head of New York Operations and President of Meiji Yasuda America Inc
Chief Executive of Investment and Managing Executive Officer
Chief Executive of Group Marketing and Senior Managing Executive Officer
Compensation as of Fiscal Year 2014.

Meiji Yasuda Life Insurance Company Key Developments

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.

Meiji Yasuda Life Insurance Company Reports Earnings Results for the Quarter Ended June 30, 2014

Meiji Yasuda Life Insurance Company reported earnings results for the quarter ended June 30, 2014. For the quarter, premium and other income was ¥942.8 billion against ¥937.1 billion a year ago. Base profit was ¥108.2 billion against ¥98.4 billion a year ago.

Meiji Yasuda Mulls Acquisitions

Meiji Yasuda Life Insurance Company intends to pursue acquisitions. Meiji Yasuda is seeking acquisition opportunities in the United States in addition to emerging markets such as Southeast Asia, Hiroaki Tonooka, Deputy President of Meiji Yasuda, told Reuters. "Our main targets are growth markets such as Southeast Asia, Central and Eastern Europe, and Latin America. But these areas take time (to make profit contributions). So we are also looking at developed markets including North America," he said. He added that the company would consider buying a majority stake in future overseas M&A deals. He also added that the company can use up to ¥250 billion for overseas acquisitions during the three years through March 2017.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 10, 2014
Nishi-Nippon Credit Guarantee Company
 

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