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Sep 9, 2015

Japan Post IPO’s unstated aim: shake up sleepy regional banks

TOKYO, Sept 9 (Reuters) – Listing Japan Post Holdings Co
and two units, the world’s biggest initial public
offering this year, will not just reap a windfall for public
coffers but help Japan’s government pursue an unstated aim: to
shake up smaller regional banks that have resisted pressure to
consolidate.

The Tokyo Stock Exchange will approve the three IPOs, the
nation’s biggest sale of state assets in three decades, on
Thursday, sources told Reuters last month, with shares to start
trading on Nov. 4.

Sep 8, 2015

Japan’s MS&AD agrees to buy British insurer Amlin for $5.3 billion

TOKYO (Reuters) – MS&AD Insurance Group Holdings Inc (8725.T: Quote, Profile, Research, Stock Buzz) has agreed to pay $5.3 billion for Amlin PLC (AML.L: Quote, Profile, Research, Stock Buzz), an underwriter in the Lloyd’s of London specialist insurance market, in the fourth multi-billion dollar deal this year by a Japanese insurer.

MS&AD and peers such as Tokio Marine Holdings Inc (8766.T: Quote, Profile, Research, Stock Buzz) have been raising the scale and pace of acquisitions as an aging population stymies growth at home, while heightened exposure to natural disasters raises the need to spread risk geographically.

Sep 8, 2015

Japan’s MS&AD agrees to buy UK insurer Amlin for 3.47 billion pounds

TOKYO (Reuters) – MS&AD Insurance Group Holdings Inc (8725.T: Quote, Profile, Research) on Tuesday said it has agreed to buy U.K. rival Amlin PLC (AML.L: Quote, Profile, Research) for 3.47 billion pounds ($5.34 billion), in the fourth major international deal in as many months by Japanese insurers expanding overseas.

Japan’s insurers are ratcheting up the scale and pace of acquisitions driven by the need to diversify risk exposure geographically and secure growth beyond an ageing home market.

Sep 8, 2015

Japan’s MS&AD agrees to buy UK insurer Amlin for $5.34 bln

TOKYO, Sept 8 (Reuters) – MS&AD Insurance Group Holdings Inc
on Tuesday said it has agreed to buy U.K. rival Amlin
PLC for 3.47 billion pounds ($5.34 billion), in the
fourth major international deal in as many months by Japanese
insurers expanding overseas.

Japan’s insurers are ratcheting up the scale and pace of
acquisitions driven by the need to diversify risk exposure
geographically and secure growth beyond an ageing home market.

Sep 7, 2015

Japan’s MS&AD: in talks to buy UK insurer Amlin

TOKYO (Reuters) – MS&AD Insurance Group Holdings Inc (8725.T: Quote, Profile, Research, Stock Buzz) said it is in talks to buy UK rival Amlin (AML.L: Quote, Profile, Research, Stock Buzz), the fourth multi-billion deal in as many months by Japanese insurers aggressively expanding overseas.

Driven by the need to diversify risk exposure geographically and secure growth beyond an aging home market, Japanese insurers are ratcheting up the scale and pace of their acquisitions.

Sep 4, 2015

Japanese banks among bidders for GE’s local finance unit: sources

By Taiga Uranaka

(Reuters) – Japanese banks are among bidders for General Electric Co’s (GE.N: Quote, Profile, Research, Stock Buzz) local commercial lending and leasing operation, sources told Reuters on Friday.

Orix Corp (8591.T: Quote, Profile, Research, Stock Buzz) and the leasing units of Sumitomo Mitsui Financial Group Inc (8316.T: Quote, Profile, Research, Stock Buzz), Mitsubishi UFJ Financial Group Inc (8306.T: Quote, Profile, Research, Stock Buzz) and Sumitomo Mitsui Trust Holdings Inc (8309.T: Quote, Profile, Research, Stock Buzz) are among the bidders, the sources said.

Aug 25, 2015

Nippon Life in talks to buy Mitsui Life in Japan insurance shakeup-sources

TOKYO, Aug 26 (Reuters) – Nippon Life Insurance Co
is in talks to buy Mitsui Life Insurance Co, people
familiar with the matter said early on Wednesday, in what would
be the first major realignment in Japan’s life insurance market
in 11 years.

A deal would push Nippon Life, Japan’s No. 2 insurer by
revenues, ahead of industry leader Dai-Ichi Life Insurance Co as
competition heats up with the Nov. 4 listing of Japan Post
Insurance Co as part of the sale of government-owned Japan Post
Holdings Co. (IPO-JAPP.T: Quote, Profile, Research, Stock Buzz)

Aug 18, 2015

Toshiba proposes outsider-heavy board; interim CEO to stay

TOKYO (Reuters) – Toshiba Corp (6502.T: Quote, Profile, Research, Stock Buzz) proposed a new slate of outsiders to take a majority of seats on its board of directors, aiming to bolster governance of the laptops-to-nuclear conglomerate following a $1.2 billion accounting scandal.

A new board lineup proposed on Tuesday also kept interim President Masashi Muromachi in his role on a more permanent basis, confirming media reports, maintaining stability but possibly disappointing some investors who hoped for a new leader.

Aug 18, 2015

Japan’s Kirin thwarted in attempt to raise beer prices by weak sentiment: CEO

TOKYO, Aug 18 (Reuters) – Kirin Holdings is unable
to raise prices on beer and soft drinks without a risk of
harming sales, the CEO of Japan’s second-biggest drinks maker
said, underscoring the weak consumer sentiment that led to a
quarterly contraction in Asia’s second-largest economy.

“Consumer spending remains weak. I think we are still in
deflation,” Yoshinori Isozaki, Kirin’s president and chief
executive, told Reuters in an interview on Tuesday.

Aug 11, 2015

Japan’s Sumitomo Life to buy U.S. insurer Symetra for $3.8 billion

TOKYO (Reuters) – Japan’s Sumitomo Life has agreed to buy U.S insurer Symetra Financial Corp (SYA.N: Quote, Profile, Research, Stock Buzz) for about $3.8 billion, the latest multi-billion deal in the world’s largest insurance market by acquisitive Japanese companies.

Japan’s life insurance market, the world’s second-largest, has been relatively profitable and stable but its weak growth prospects amid a rapidly ageing population have prompted major domestically focused players to look overseas.