News Asia12 Feb 2025

Japan:Meiji Yasuda Life to acquire US based Banner Life Insurance

| 12 Feb 2025

Meiji Yasuda Life Insurance will acquire Banner Life Insurance for ¥352.2bn ($2.3bn) and also invest ¥130bn for a 5% equity stake in the US firm's parent, Britain's Legal & General Group. As the domestic market shrinks, a number of Japanese life insurers are expanding overseas for growth.

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