Nippon Life

AM Best to Participate in Investment Panel Discussion at IAIS’ Global Seminar

Retrieved on: 
Monday, July 1, 2024
Other Professional Services, Professional Services, Insurance, Nippon Life, IAIS, Bank, Interest rate, Prudential Financial, EST, Prudential, News, ALL, International Association, Tourism

AM Best will participate in an investment panel discussion at the International Association of Insurance Supervisors’ (IAIS) Global Seminar, which will be held virtually July 9-11, 2024.

Key Points: 
  • AM Best will participate in an investment panel discussion at the International Association of Insurance Supervisors’ (IAIS) Global Seminar, which will be held virtually July 9-11, 2024.
  • The panel will be moderated by IAIS Executive Committee Vice Chair Charlotte Gerken, who is executive director of the Bank of England.
  • To register and learn more about the IAIS Global Seminar, visit the event webpage .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Affirms Credit Ratings of Mitsui Sumitomo Insurance Company, Limited and Its Affiliates

Retrieved on: 
Friday, June 7, 2024
Consulting, Professional Services, Insurance, Finance, Communication, ADIC, ADI, ERM, RMB, Nippon Life, USD, Credit, Risk, Growth, Toyota, Superior, FSR, AM Best, Risk management, NPW, ALL, News, MSI

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa” (Superior) of Mitsui Sumitomo Insurance Company, Limited (MSI) (Japan).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa” (Superior) of Mitsui Sumitomo Insurance Company, Limited (MSI) (Japan).
  • Concurrently, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICRs of “aa” (Superior) of MSI’s U.S. operating companies, which are domiciled in New York, NY: Mitsui Sumitomo Insurance Company of America, Mitsui Sumitomo Insurance USA Inc. and MSIG Specialty Insurance USA Inc.
  • These companies are owned ultimately by MS&AD Insurance Group Holdings, Inc. (MS&AD), a major non-life insurance group based in Japan.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

AIG Announces Sale of a 20% Ownership Stake of Corebridge to Nippon Life

Retrieved on: 
Thursday, May 16, 2024
Professional Services, Insurance, Finance, Nippon Life, AIG, Life, Nature, Sale, J.P. Morgan & Co.

AIG today announced that it has reached an agreement to sell approximately 120 million shares of its Corebridge common stock to Nippon Life Insurance Company (Nippon Life) for $31.47 per share, for an aggregate purchase price of $3.8 billion.

Key Points: 
  • AIG today announced that it has reached an agreement to sell approximately 120 million shares of its Corebridge common stock to Nippon Life Insurance Company (Nippon Life) for $31.47 per share, for an aggregate purchase price of $3.8 billion.
  • Under the terms of the transaction, AIG has agreed to maintain a 9.9% ownership stake in Corebridge for two years after the closing.
  • “Nippon Life is well known in the financial services industry for its leadership in the Japanese insurance market and is globally recognized for its strong performance and corporate reputation.
  • We are pleased to have Nippon Life become a strategic partner to Corebridge and believe that they will add meaningful value as an investor,” said Peter Zaffino, Chairman and CEO of AIG.

PNC, TCW Partner To Expand Capabilities, Create Private Credit Platform

Retrieved on: 
Monday, May 6, 2024
PNC, TCW Group, CIO, TCW, Autumn, Partnership, Nippon Life, LOS, Financial services

PITTSBURGH and LOS ANGELES, May 6, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. ("PNC"), one of the largest diversified financial institutions in the U.S., and the TCW Group, Inc. ("TCW"), a leading global asset manager, today announced they are partnering to deliver private credit solutions to middle market companies.

Key Points: 
  • The new joint strategy will focus primarily on directly originated, senior secured cash-flow and asset-based loans to both sponsored and non-sponsored middle market companies.
  • "We are thrilled to partner with PNC to expand our direct lending capabilities and provide financing to a critical segment of U.S. companies, as well as offer a differentiated investment solution for clients," said Katie Koch, president and CEO of TCW.
  • "Combining the power and legacy of PNC's broad lending capabilities with TCW's private credit group will deliver significant benefit to companies seeking growth opportunities," said William S. Demchak, chairman and chief executive officer of PNC.
  • PNC and TCW will establish a team to manage all of the strategy's investment activities including origination, underwriting, and portfolio management.

MHI Concludes Nissay Positive Impact Finance Agreement

Retrieved on: 
Friday, February 9, 2024
Health, Carbon, MHI, UNEP, Policy, Sustainable Development Goals, Partnership, Growth, Climate change, United Nations, Principle, ESG, R&I, UNEP FI, Nippon Life, UN, Environment, Productivity, Economic development, Risk management

TOKYO, Feb 9, 2024 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) has concluded a Nissay Positive Impact Finance (Note1) agreement with Nippon Life Insurance Company (Nippon Life) (contract amount: JPY 6.0 billion yen).

Key Points: 
  • TOKYO, Feb 9, 2024 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) has concluded a Nissay Positive Impact Finance (Note1) agreement with Nippon Life Insurance Company (Nippon Life) (contract amount: JPY 6.0 billion yen).
  • Positive Impact Finance (PIF) is a loan intended to provide continuous support for corporate activities while comprehensively analyzing and evaluating the impacts (both positive and negative) that those activities have on the environment, society, and the economy, based on the Principles for Positive Impact Finance and implementation guidelines formulated by the United Nations Environment Programme Finance Initiative (UNEP FI).
  • The Principles for Positive Impact Finance, formulated by the UNEP FI in January 2017, is a financial framework for achieving SDGs.
  • (1) Nissay Positive Impact Finance is ESG-themed investment provided by Nippon Life.

EQS-News: DWS Returned to Net Inflows in 2023 Supported by all Three Pillars – Passive including Xtrackers, Active and Alternatives

Retrieved on: 
Monday, February 5, 2024
Nippon Life, Flow Traders, Management, Asset, EUR, Partnership, Annual, Alternatives, FY, ETF, DWS Group, Insurance, Growth, Balise, PES, Environment, Passive, DWS, Supervisory board, ESG, Research, Investment, Real estate, ETP, Om, AGM, CIR, Sale, Film industry

Net flows ex Cash of EUR 1.8bn in Q4 resulting in EUR 22.6bn in FY 2023 (including Cash EUR 11.0bn in Q4 2023, EUR 28.3bn in FY 2023), supported by all three pillars – Passive including Xtrackers, Active and Alternatives.

Key Points: 
  • Net flows ex Cash of EUR 1.8bn in Q4 resulting in EUR 22.6bn in FY 2023 (including Cash EUR 11.0bn in Q4 2023, EUR 28.3bn in FY 2023), supported by all three pillars – Passive including Xtrackers, Active and Alternatives.
  • Supported by all three pillars – Passive including Xtrackers, Active and Alternatives – DWS recorded net inflows (ex cash) of EUR 22.6 billion.
  • The adjusted Cost-Income Ratio at 64.0 percent in 2023 comfortably meets DWS’ outlook of below 65 percent for 2023.
  • Total net inflows in 2023 were mainly driven by Passive including Xtrackers and supported by Cash, Active (ex Cash) and Alternatives.

Ten Years After Launch, True Link Has Helped 250,000 Families Through Financial Challenges of Aging, Disability, Mental Health and Addiction

Retrieved on: 
Tuesday, August 22, 2023
Technology, Health, Finance, Consumer, Apps, Applications, Banking, Asset Management, Professional Services, People with Disabilities, Mental Health, Software, Other Consumer, Fintech, Seniors, Life, Fifth Third Bank, Disability, ABLE, Ageing, Nippon Life, Trust, Khosla Ventures, Y Combinator, Initialized Capital, Amnesia, Addiction, Fraud, True Link, Insurance, Transpose

97% of customers would recommend True Link to a friend.

Key Points: 
  • 97% of customers would recommend True Link to a friend.
  • Founded in 2013, True Link’s mission is to increase the independence and well-being of the vulnerable aging, people with disabilities, those recovering from addiction, and the people who care for them.
  • And really, I couldn't believe that it was true.”
    Every year, True Link helps prevent approximately $175M in fraud and unwanted purchases for our customers aged 60+.
  • Over the decade since we launched, we have saved our customers an estimated $7.4 million in check cashing fees.

Hitachi: Commencement of Joint Studies on Business Initiatives Towards the Development of Sustainable Finance

Retrieved on: 
Thursday, May 25, 2023
Hitachi, Communication, Insurance, Disclosure, Eye, Nippon Life, Environment, MUFG Bank, Sumitomo Mitsui Banking Corporation, Cryptocurrency, Renewable energy, Online shopping, ESG

In this manner, we will conduct studies jointly towards formal launch of the services in the future.

Key Points: 
  • In this manner, we will conduct studies jointly towards formal launch of the services in the future.
  • ESG investment has been expanding rapidly in recent years against the backdrop of a growing interest in ESG (Environment, Social, and Governance).
  • This will support the expanding ESG investment and market and contribute to the development of a healthy market.
  • The association will verify the usefulness of the platform and promote joint examinations towards the formal launch of the services.

International Insurance Society Appoints 12 Industry Luminaries to Executive Council

Retrieved on: 
Tuesday, July 25, 2023
Professional Services, Insurance, Thought Leadership, AXA, Risk management, Stonebridge International Insurance Ltd, IIS, Chubb, Research, Digital Connectivity, Hilton Singapore Orchard, Nippon Life, Wellness Corporate Solutions, Council, Artificial intelligence, Mar Thoma Syrian Church Diocese of North America & Europe, Knowledge, Region, PIC, Conference, Management, Sales

Andreas Berger, chairman of the International Insurance Society’s Executive Council , has announced the appointment of 12 leading insurance executives to the IIS Executive Council, effective Aug. 1, 2023.

Key Points: 
  • Andreas Berger, chairman of the International Insurance Society’s Executive Council , has announced the appointment of 12 leading insurance executives to the IIS Executive Council, effective Aug. 1, 2023.
  • The Council provides strategic guidance to the International Insurance Society (IIS) in alignment with its mission to serve as a platform for the global insurance and risk management community, providing knowledge, research, and thought leadership to support the betterment of society.
  • “The world economy is facing several challenges, so it is beneficial for our industry to have a platform like the one IIS provides, which facilitates open dialogue around risk management and other critical topics for the insurance industry,” said Berger, who also serves as the CEO of Corporate Solutions for Swiss Re.
  • “Inclusivity is core to the IIS mission,” said Josh Landau, IIS president.

AM Best Affirms Credit Ratings of Mitsui Sumitomo Insurance Company, Limited and Its Affiliates

Retrieved on: 
Friday, June 9, 2023
Consulting, Professional Services, Insurance, Finance, Communication, AM Best, MSU, ALL, ERM, Return on equity, Uniloc USA, Inc. v. Microsoft Corp., Credit, ADIC, Nippon Life, Risk, FSR, MSI, ADI, Superior, AM, Toyota, Growth, Long-Term Capital Management, Seemabaddha, News, Risk management, Bank, Limited

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa” (Superior) of Mitsui Sumitomo Insurance Company, Limited (MSI) (Japan).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa” (Superior) of Mitsui Sumitomo Insurance Company, Limited (MSI) (Japan).
  • AM Best also has affirmed the FSR of A+ (Superior) and the Long-Term ICR of “aa” (Superior) of Aioi Nissay Dowa Insurance Company Limited (ADI) (Japan).
  • These companies are owned ultimately by MS&AD Insurance Group Holdings, Inc. (MS&AD), a major non-life insurance group based in Japan.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.