China debt crunch: Evergrande founder Hui Ka Yan jailed for life as assets are seized China debt crunch deepens as former Evergrande chairman Hui Ka Yan is sentenced to life …
Life
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Business
Japanese life insurers post ¥30.86 trillion unrealized bond losses as yields rise
by Sato Asahiby Sato AsahiJapan life insurers’ unrealized losses on domestic bonds surge to ¥30.86 trillion Unrealized losses at Japan’s major life insurers jumped 60% year‑on‑year to ¥30.86 trillion by the end of June …
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Business
Daiichi Life Head Office Served as MacArthur’s Tokyo Headquarters After WWII
by Sato Asahiby Sato AsahiMacArthur headquarters Tokyo: Daiichi Life Building’s Role in Japan’s Postwar Occupation Tokyo’s Daiichi Life building was requisitioned as Gen. Douglas MacArthur’s headquarters after World War II, a focal point of …
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Politics
Prudential Life Insurance Suspends New Sales Amid 31 Billion Yen Fraud
by Sui Yuitoby Sui YuitoPrudential Life Insurance halts new sales as fraud fallout leaves staff idle and training strained Prudential Life Insurance halts new sales after fraud revelations, leaving life planners idle and compliance …
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Business
Xiju Island balances Cold War-era legacy and tourism with daily life
by Sato Asahiby Sato AsahiXiju Island’s Cold War forts reshape into tourism hubs as residents balance history and daily life Xiju Island, in Taiwan’s Matsu archipelago, balances a Cold War military legacy with growing …
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Business
New York Life expands Tokyo team to capture Japan private asset market
by Sato Asahiby Sato AsahiNew York Life Investment Management expands Tokyo team to chase Japan private asset market growth New York Life Investment Management plans to double its Tokyo team to about 20 staff …
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Politics
Aflac Life confirms breach exposing personal data of 4.38 million policyholders
by Sui Yuitoby Sui YuitoAflac data breach exposes personal details of about 4.38 million policyholders in Japan Aflac data breach exposes names, addresses, phone numbers and some bank details of roughly 4.38 million customers …
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Business
Japan’s Daiichi Life wins regulator approval to arrange leveraged buyout loans
by Sato Asahiby Sato AsahiDaiichi Life Begins Arranging Leveraged Buyout Loans After Regulatory Approval as M&A Financing Grows Daiichi Life will begin arranging leveraged buyout loans after receiving regulatory approval, tapping insurer capital to …
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Business
Nippon Life Holds Up to $3 Billion Paper Profit in SpaceX Stake
by Sato Asahiby Sato AsahiNippon Life Sees Up to $3 Billion Paper Gain from Longheld SpaceX Stake Nippon Life’s decade-long investment in SpaceX could be worth as much as $3 billion on paper, according …
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Business
PayPay announces $839m purchase of T&D life insurer, plans 2027 entry
by Sato Asahiby Sato AsahiPayPay life insurance push: to buy T&D Financial Life Insurance for $839 million PayPay will acquire T&D Financial Life Insurance for about $839 million, entering Japan’s life insurance market by …