The Traderszone Network

Published in TZ Latest News 1 June, 2014 by The TZ Newswire Staff

Japan’s Dai-ichi Life in talks to buy U.S. insurer Protective Life: source

Japanese insurer Dai-ichi Life Co is in advanced talks to buy Protective Life Corp of the United States in a deal that could be worth over $5 billion, a source with direct knowledge of the matter said on Monday. The deal would be the biggest so far in a string of overseas acquisitions by Japanese insurers, led by Dai-ichi Life, seeking out higher-growth markets to offset weak long-term prospects at home as the country’s population ages rapidly.

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