6 of 9 major life insurers see core profits expand in FY 2006

6 of 9 major life insurers see core profits expand in FY 2006

TOKYO, Japan - Dai-ichi Mutual Life Insurance Co. Executive Director Koichiro Watanabe speaks on the company's business results for fiscal 2006 at a press conference in Tokyo on May 30. Six of Japan's nine major life insurers saw their core operating profits expand in the 2006 business year ended March 31 from a year earlier, supported by improved conditions for their fund management following interest rate hikes by the Bank of Japan.

Life insurers fail to pay 26.8 bil. yen insurance over 5 years

Life insurers fail to pay 26.8 bil. yen insurance over 5 years

TOKYO, Japan - Dai-ichi Mutual Life Insurance Co. President Katsutoshi Saito (C) and other Dai-ichi executives bow in apology over nonpayment of insurance money at a news conference in Tokyo on April 13. Dai-ichi is among 12 leading life insurance companies in Japan that admitted they had skipped 26.8 billion yen in insurance money payment in 230,000 cases over the five years from fiscal 2001.

Core profit at Japan's 9 big life insurers hits record high

Core profit at Japan's 9 big life insurers hits record high

TOKYO, Japan - Dai-ichi Mutual Life Insurance Co. Executive Director Koichi Watanabe speaks at a press conference in Tokyo on Nov. 27 on the group's business results for the first half of fiscal 2006. The combined core operating profit at Japan's nine major life insurers hit a record high for the April-September period, supported by the solid stock market and rising returns from bond investment.

Dai-ichi Life, AFLAC to form Japan alliance

Dai-ichi Life, AFLAC to form Japan alliance

TOKYO, Japan - Dai-ichi Mutual Life Insurance Co. President Tomijiro Morita (L) and American Family Life Assurance Co. of Columbus (AFLAC) Chief Executive Officer Daniel O. Amos shake hands at a news conference in Tokyo on Sept. 7. The two companies have agreed to form a business alliance to market each other's products from early 2001, subject to regulatory approval.

Dai-ichi Life, Yasuda Fire agree on alliance

Dai-ichi Life, Yasuda Fire agree on alliance

TOKYO, Japan - Tomijiro Morita (L), president of Dai-ichi Mutual Life Insurance Co., and Hiroshi Hirano, president of Yasuda Fire & Marine Insurance Co., shake hands after announcing in Tokyo on Aug. 28 they have agreed to form a wide-ranging business alliance. The alliance between Dai-ichi Mutual, Japan's second-largest life insurer, and Yasuda Fire, the No. 2 nonlife insurer, is the first between a major life insurer and nonlife insurer in Japan.

Yasuda Fire & Marine to team up with Dai-ichi Mutual Life

Yasuda Fire & Marine to team up with Dai-ichi Mutual Life

TOKYO, Japan - Photo shows the head office in Tokyo's Nishi-Shinjuku district of Yasuda Fire & Marine Insurance Co., which plans to enter into a comprehensive business tie-up with Dai-ichi Mutual Life Insurance Co.

Dai-ichi Mutual Life, Yasuda Fire & Marine to tie up

Dai-ichi Mutual Life, Yasuda Fire & Marine to tie up

TOKYO, Japan - Photo shows the head office in Tokyo's Yurakucho business district of Dai-ichi Mutual Life Insurance Co., which plans to join hands with Yasuda Fire & Marine Insurance Co. with a view to integrating operations in the future.

Core profit at Japan's 9 big life insurers hits record high

Core profit at Japan's 9 big life insurers hits record high

TOKYO, Japan - Dai-ichi Mutual Life Insurance Co. Executive Director Koichi Watanabe speaks at a press conference in Tokyo on Nov. 27 on the group's business results for the first half of fiscal 2006. The combined core operating profit at Japan's nine major life insurers hit a record high for the April-September period, supported by the solid stock market and rising returns from bond investment. (Kyodo)

Life insurers fail to pay 26.8 bil. yen insurance over 5 years

Life insurers fail to pay 26.8 bil. yen insurance over 5 years

TOKYO, Japan - Dai-ichi Mutual Life Insurance Co. President Katsutoshi Saito and other Dai-ichi executives bow in apology over nonpayment of insurance money at a news conference in Tokyo on April 13. Dai-ichi is among 12 leading life insurance companies in Japan that admitted they had skipped 26.8 billion yen in insurance money payment in 230,000 cases over the five years from fiscal 2001. (Kyodo)

6 of 9 major life insurers see core profits expand in FY 2006

6 of 9 major life insurers see core profits expand in FY 2006

TOKYO, Japan - Dai-ichi Mutual Life Insurance Co. Executive Director Koichi Watanabe speaks on the company's business results for fiscal 2006 at a press conference in Tokyo on May 30. Six of Japan's nine major life insurers saw their core operating profits expand in the 2006 business year ended March 31 from a year earlier, supported by improved conditions for their fund management following interest rate hikes by the Bank of Japan. (Kyodo)

Dai-ichi Life, AFLAC to form Japan alliance

Dai-ichi Life, AFLAC to form Japan alliance

TOKYO, Japan - Dai-ichi Mutual Life Insurance Co. President Tomijiro Morita (L) and American Family Life Assurance Co. of Columbus (AFLAC) Chief Executive Officer Daniel O. Amos shake hands at a news conference in Tokyo on Sept. 7. The two companies have agreed to form a business alliance to market each other's products from early 2001, subject to regulatory approval.

Dai-ichi Life, Yasuda Fire agree on alliance

Dai-ichi Life, Yasuda Fire agree on alliance

TOKYO, Japan - Tomijiro Morita (L), president of Dai-ichi Mutual Life Insurance Co., and Hiroshi Hirano, president of Yasuda Fire & Marine Insurance Co., shake hands after announcing in Tokyo on Aug. 28 they have agreed to form a wide-ranging business alliance. The alliance between Dai-ichi Mutual, Japan's second-largest life insurer, and Yasuda Fire, the No. 2 nonlife insurer, is the first between a major life insurer and nonlife insurer in Japan.

Yasuda Fire & Marine to team up with Dai-ichi Mutual Life

Yasuda Fire & Marine to team up with Dai-ichi Mutual Life

TOKYO, Japan - Photo shows the head office in Tokyo's Nishi-Shinjuku district of Yasuda Fire & Marine Insurance Co., which plans to enter into a comprehensive business tie-up with Dai-ichi Mutual Life Insurance Co.

Dai-ichi Mutual Life, Yasuda Fire & Marine to tie up

Dai-ichi Mutual Life, Yasuda Fire & Marine to tie up

TOKYO, Japan - Photo shows the head office in Tokyo's Yurakucho business district of Dai-ichi Mutual Life Insurance Co., which plans to join hands with Yasuda Fire & Marine Insurance Co. with a view to integrating operations in the future.