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Scandal-hit Meiji Yasuda decides to replace 11 executives

TOKYO, Japan - Meiji Yasuda Life Insurance Co. said Nov. 4 it has decided to replace all nine of its most senior-level executives along with two other executives in order to take responsibility for its failure to pay insurance claims. At a news conference in Tokyo the same day were Managing Director Kenji Matsuo (R), who will succeed President Ryotaro Kaneko, and Managing Director Kenichi Sekiguchi (L), who will replace Chairman Mikihiko Miyamoto, both on Dec. 1.

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Meiji, Yasuda to form nonlife alliance with Nipponkoa

TOKYO, Japan - Mikihiko Miyamoto (L), president of Yasuda Mutual Life Insurance Co., and Ryotaro Kaneko, president of Meiji Life Insurance Co., shake hands after signing a memorandum to merge to create Meiji Yasuda Life Insurance Co. The merged company will tie up with Nipponkoa Insurance Co. in the nonlife insurance business.

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Meiji Life, Yasuda Mutual Life announce merger

TOKYO, Japan - Mikihiko Miyamoto (L), president of Yasuda Mutual Life Insurance Co., and Ryotaro Kaneko, president of Meiji Life Insurance Co. announce Jan. 24 in Tokyo that the two life insurers will merge around April 2004 to boost competitiveness. The merger will create a company with outstanding insurance contracts worth 196 trillion yen, nearly as much as the 203 trillion yen held by Sumitomo Life Insurance Co., Japan's third-largest life insurer.

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Scandal-hit Meiji Yasuda decides to replace 11 executives

TOKYO, Japan - Meiji Yasuda Life Insurance Co. said Nov. 4 it has decided to replace all nine of its most senior-level executives along with two other executives in order to take responsibility for its failure to pay insurance claims. At a news conference in Tokyo the same day was Managing Director Kenji Matsuo (R), who will succeed President Ryotaro Kaneko, and Managing Director Kenichi Sekiguchi (L), who will replace Chairman Mikihiko Miyamoto, both on Dec. 1. (Kyodo)

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Meiji, Yasuda to form nonlife alliance with Nipponkoa

TOKYO, Japan - Mikihiko Miyamoto (L), president of Yasuda Mutual Life Insurance Co., and Ryotaro Kaneko, president of Meiji Life Insurance Co., shake hands after signing a memorandum to merge to create Meiji Yasuda Life Insurance Co. The merged company will tie up with Nipponkoa Insurance Co. in the nonlife insurance business. (Kyodo)

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Meiji Life, Yasuda Mutual Life announce merger

TOKYO, Japan - Mikihiko Miyamoto (L), president of Yasuda Mutual Life Insurance Co., and Ryotaro Kaneko, president of Meiji Life Insurance Co. announce Jan. 24 in Tokyo that the two life insurers will merge around April 2004 to boost competitiveness. The merger will create a company with outstanding insurance contracts worth 196 trillion yen, nearly as much as the 203 trillion yen held by Sumitomo Life Insurance Co., Japan's third-largest life insurer.