Mori Hamada & Matsumoto

Fortitude Re Continues International Expansion Through Two Reinsurance Transactions in Japan

Retrieved on: 
Monday, April 3, 2023
Professional Services, Insurance, Finance, Bermuda, Fortitude, Sidley Austin, Mori Hamada & Matsumoto, Reinsurance

FGH Parent, L.P (“Fortitude Re”), has announced the closing of two reinsurance transactions with leading Japanese life insurance companies.

Key Points: 
  • FGH Parent, L.P (“Fortitude Re”), has announced the closing of two reinsurance transactions with leading Japanese life insurance companies.
  • Both block reinsurance deals, executed through one of Fortitude Re’s Bermuda-based subsidiaries, Fortitude International Reinsurance Limited, are comprised of whole life insurance policies.
  • Alon Neches, CEO of Fortitude Re commented, “Fortitude Re exists to serve our clients and their policyholders, and our bespoke approach translates well outside of the United States.
  • We are pleased to announce two significant reinsurance transactions with our partners in Japan, which will continue to propel our international strategy to deliver thoughtful and tailored reinsurance solutions on a global scale.”
    Sidley Austin LLP and Mori Hamada & Matsumoto served as legal counsel to Fortitude Re.

Northleaf Opens Tokyo Office, Expanding Global Presence in Asia to Meet Growing Investor Interest

Retrieved on: 
Wednesday, December 7, 2022
Professional Services, Finance, Mori Hamada & Matsumoto, Hamada, OECD, Human, Investment, D1 Capital Partners, Financial services, Renewable energy

Northleaf Capital Partners (Northleaf), a global private markets investment firm, today announced the opening of a new office in Tokyo, Japan.

Key Points: 
  • Northleaf Capital Partners (Northleaf), a global private markets investment firm, today announced the opening of a new office in Tokyo, Japan.
  • It is the ninth location in Northleafs global network and builds on the firms longstanding commitment to the Asia-Pacific (APAC) region, complementing its well-established presence in Melbourne, Australia.
  • The Tokyo office will be led by Jeff Pentland, a founding partner of Northleaf and member of its Investment Committee.
  • The opening of Northleafs Tokyo office represents an important milestone for our global strategy, said Stuart Waugh, Managing Partner of Northleaf.

Fortitude Re Continues to Build Japan Franchise Through Flow Reinsurance Transaction

Retrieved on: 
Thursday, October 6, 2022
Professional Services, Insurance, Finance, LinkedIn, Sidley Austin, Risk, Bermuda, The Carlyle Group, Life annuity, Mori Hamada & Matsumoto, Industry, Life, P&C, Solution, Reinsurance, Financial services

FGH Parent, L.P (Fortitude Re), parent company of Bermudas largest multi-line reinsurer, today announced the signing of a flow reinsurance transaction with a leading Japanese life insurance company.

Key Points: 
  • FGH Parent, L.P (Fortitude Re), parent company of Bermudas largest multi-line reinsurer, today announced the signing of a flow reinsurance transaction with a leading Japanese life insurance company.
  • Fortitude Re executed this transaction through its Bermuda-based subsidiary, Fortitude International Reinsurance Limited.
  • Sidley Austin LLP and Mori Hamada & Matsumoto served as legal counsel to Fortitude Re.
  • Fortitude Re is backed by a consortium of sophisticated investor groups led by The Carlyle Group and T&D Insurance Group.

SuMi TRUST to Partner Side-by-Side with Apollo and Athene as a US$1.5 Billion Investor in a Proprietary Portfolio of Alternative Assets

Retrieved on: 
Thursday, July 7, 2022
Slate, Review, Sumitomo Mitsui Trust Holdings, Securities Act of 1933, Securities Exchange Act of 1934, GLOBE, Growth, Mori Hamada & Matsumoto, Longevity, Trust, US, APO, U.S. Securities and Exchange Commission, Skadden, Philosophy, Partnership, Sumi, Retirement, NYSE, SEC, TRUST, NEW, Solution, Â, Security (finance)

With SuMi TRUSTs commitment, Apollo and Athene have $15 billion invested and committed to private market equity alternatives, focused on high-quality, diversified assets.

Key Points: 
  • With SuMi TRUSTs commitment, Apollo and Athene have $15 billion invested and committed to private market equity alternatives, focused on high-quality, diversified assets.
  • SuMi TRUST Bank President Kazuya Oyama said, This is a revolutionary approach to investing in alternatives, with exceptional alignment and diversification.
  • SuMi TRUST Bank is committed to playing a more prominent role in developing the alternative asset market in Japan through this investment.
  • SuMi TRUST Bank seeks to provide investment opportunities that suit the broadening needs of our clients, including private market assets.

Cloopen Announces Changes in Independent Directors

Retrieved on: 
Wednesday, May 18, 2022
Business, MBA, Economics, Company, Private law, U.S. Securities and Exchange Commission, Language, Annual report, Nasdaq, LL.B, Beijing International Studies University, Goal, Literature, Government, Solution, University of Illinois Urbana-Champaign, Morrison & Foerster, New York University School of Law, Country Style Cooking, Tsinghua University, Securities Exchange Act of 1934, Industry, ELong, Ninetowns Internet Technology Group, Sichuan International Studies University, Board, Communication, Terminology, University, Private Securities Litigation Reform Act, Software as a service, PapayaMobile, CC, RAAS, Mori Hamada & Matsumoto, NYSE, Letter, Accenture, University School, Sustainability Accounting Standards Board, Management

BEIJING, May 18, 2022 /PRNewswire/ -- Cloopen Group Holding Limited (NYSE: RAAS) ("Cloopen" or the "Company") today announced changes in independent directors of the Company.

Key Points: 
  • BEIJING, May 18, 2022 /PRNewswire/ -- Cloopen Group Holding Limited (NYSE: RAAS) ("Cloopen" or the "Company") today announced changes in independent directors of the Company.
  • Mr. Adam J. Zhao agreed to be and was appointed as a new independent director to serve on the Board, effective May 18, 2022.
  • Mr. Tim Yimin Liu agreed to be and was appointed as a successor independent director to serve on the Board, effective May 18, 2022.
  • Mr. Adam J. Zhao served as the chief financial officer and board secretary of PapayaMobile from January 2015 to February 2021.

Fortitude Re Announces $4 Billion Annuity Reinsurance Transaction with Taiyo Life Insurance Company, Its Inaugural Asia Reinsurance Transaction

Retrieved on: 
Thursday, March 31, 2022
Professional Services, Insurance, Finance, LinkedIn, The Carlyle Group, P&C, Insurance, Fortitude, T&D, T&D Holdings, Mori Hamada & Matsumoto, Sidley Austin, JPY, Life annuity, Partnership, Financial services, FORTITUDE RE, T&D HOLDINGS

FGH Parent, L.P., (together with its subsidiaries, Fortitude Re), today announced the signing and closing of a $4 billion reinsurance transaction between its subsidiary Fortitude Reinsurance Company Ltd., Bermudas largest multiline reinsurer, and Taiyo Life Insurance Company (Taiyo Life), a wholly owned subsidiary of T&D Holdings, Inc (T&D).

Key Points: 
  • FGH Parent, L.P., (together with its subsidiaries, Fortitude Re), today announced the signing and closing of a $4 billion reinsurance transaction between its subsidiary Fortitude Reinsurance Company Ltd., Bermudas largest multiline reinsurer, and Taiyo Life Insurance Company (Taiyo Life), a wholly owned subsidiary of T&D Holdings, Inc (T&D).
  • This transaction marks Fortitude Res inaugural reinsurance transaction covering business in Asia.
  • Under the transaction, which is effective as of March 31, 2022, Taiyo Life has reinsured a significant portion of its inforce individual annuity business to Fortitude Re.
  • T&D Holdings is a publicly listed insurance holdings company of T&D Insurance Group, which is comprised of three core life insurers, Taiyo Life Insurance Company, Daido Life Insurance Company, and T&D Financial Life Insurance Company.

AgJunction Enters into Arrangement Agreement to be Acquired by KUBOTA Corporation for CAD $0.75 per Share in All Cash Deal

Retrieved on: 
Friday, October 8, 2021
Water, Report of the Special Committee on the Termination of the National Emergency, Proxy, The Meeting, Farmer, The Purchase Price, SEDAR, DLA, LLP, Board, Adoption, Purchasing, Chairperson, Meeting, Arrangement, Committee, COVID-19, CAD, Canada Business Corporations Act, Hoskin, Fairness opinion, TSX, Solution, Mori Hamada & Matsumoto, Food, Minority, Board of directors, Tokyo Stock Exchange, Failure, Toronto Stock Exchange, Review, Court of Queen's Bench of Alberta, PSC, Environment, Automation, Transaction, Multilateral, Sale and purchase of ship, DLA Piper, Duckworth, GLOBE, Industry, AG, Nature, Security (finance), Audit, Retail

The proposed transaction (the "Transaction") is to be completed by way of a plan of arrangement under the Business Corporations Act (Alberta).

Key Points: 
  • The proposed transaction (the "Transaction") is to be completed by way of a plan of arrangement under the Business Corporations Act (Alberta).
  • AgJunction will seek approval of the Transaction by its shareholders at a special meeting expected to be held in November 2021 (the "Meeting").
  • The Arrangement Agreement contains customary representations and warranties of each party and interim operational covenants by AgJunction.
  • Founded in 1890, Kubota Corporation is a global leading manufacturer of agricultural, turf, construction equipment and industrial engine.

Funds Managed by Affiliates of Apollo Global Management to Acquire Mitsubishi Chemical’s Thermal and Emission Control Materials Business

Retrieved on: 
Thursday, September 30, 2021
CRE, Apollo Global Management, APO, Original equipment manufacturer, Challenger Limited, Mori Hamada & Matsumoto, Business, Anderson Mōri & Tomotsune, Industry, Control, Acquisition, Growth, Private equity, Mitsubishi Chemical Corporation, Mizuho Securities, Paul, Weiss, Rifkind, Wharton & Garrison, Investment, NYSE, NEW, Apollo, GLOBE, Financial services

TOKYO and HONG KONG and NEW YORK, Sept. 30, 2021 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo” or the “Firm”) today announced that funds managed by its affiliates (the “Apollo Funds”) have entered into a definitive agreement to acquire the Thermal and Emission Control Materials (the “Business” or “MAFTEC”) from Mitsubishi Chemical Corporation (“Mitsubishi Chemical”), Japan’s leading diversified chemicals and advanced materials producer.

Key Points: 
  • TOKYO and HONG KONG and NEW YORK, Sept. 30, 2021 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, Apollo or the Firm) today announced that funds managed by its affiliates (the Apollo Funds) have entered into a definitive agreement to acquire the Thermal and Emission Control Materials (the Business or MAFTEC) from Mitsubishi Chemical Corporation (Mitsubishi Chemical), Japans leading diversified chemicals and advanced materials producer.
  • MAFTEC is a global leader in thermal and emission control protection materials, primarily for the industrial and automotive industry as OEMs adopt their chemical fiber products to reduce emissions in traditional and hybrid vehicles.
  • Tetsuji Okamoto, Partner and Head of Japan at Apollo, said, Mitsubishi Chemicals Thermal and Emission Control Materials Business has long established a strong reputation in providing best-in-class specialty heat-protective materials to industrial and automotive customers.
  • Through this investment, we are excited to harness Apollos experience to support the Business and its management team in this next phase.

PayPal To Acquire Paidy

Retrieved on: 
Wednesday, September 8, 2021

SAN JOSE, Calif., Sept. 7, 2021 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced that it has agreed to acquire Paidy, a leading two-sided payments platform and provider of buy now, pay later solutions in Japan, for ¥300 billion or approximately US$2.7 billion, principally in cash. The acquisition will expand PayPal's capabilities, distribution and relevance in the domestic payments market in Japan, the third largest ecommerce market in the world, complementing the company's existing cross-border ecommerce business in the country.

Key Points: 
  • Its integrations with PayPal and other digital and QR wallets through Paidy Link expands Paidy's reach to online and offline merchants beyond its platform.
  • "There is no better home for Paidy to continue to grow and innovate than PayPal, which has been removing friction from online shopping for more than 20 years," said Russell Cummer, founder and executive chairman of Paidy.
  • "Paidy is just at the beginning of our journey and joining PayPal will accelerate our plans to expand beyond ecommerce and build unique services as the new shopping standard," said Riku Sugie, president and CEO of Paidy.
  • "PayPal was a founding partner for Paidy Link and we look forward to working together to create even more value.