Jun 11, 2014
RPT-Fitch Revises Outlooks on 8 Japanese Insurers, Aflac to Negative
Fitch Ratings has revised the Outlooks on eight Japanese insurers, and one US insurer with significant Japanese business exposure, to Negative from Stable.
Nippon Life buys 20 pct stake in Indonesia's Sequis Life
Nippon Life Insurance Co said on Wednesday it has agreed to buy a 20 percent stake in Indonesia's Sequis Life for 4.87 trillion rupiah , joining its Japanese peers who are expanding in rapidly growing Southeast Asian markets.
Nippon Life to buy 20 pct stake in Sequislife for $393 mln-Nikkei
Nippon Life Insurance will invest 40 billion yen in a 20 percent stake in Indonesian life insurance firm Sequislife, the Nikkei business daily reported on Saturday, as Japan's biggest private life insurer seeks to expand into Southeast Asia's most populous market.
The Washington Post
Yen Drop Seen as Insurers Look Abroad for Yields: Japan Credit
The world's lowest-yielding bonds and a weakening currency are encouraging Japanese insurers to look abroad, adding to the exodus of funds from the nation.
UPDATE 1-Nippon Life to raise yen bond holdings in 2014/15
Nippon Life Insurance plans to increase yen bond holdings during this financial year as yields are expected to rises and once the yen strengthens it also aims to slightly raise holdings of unhedged foreign bonds, a company official said on Tuesday.