After having invested billions of dollars in 2015 in the takeover of competing insurance companies, major Japanese insurers are poised to pursue this strategy in 2016.
Nippon Life Insurance, which acquired Mitsui Life Insurance and the insurance subsidiary of National Bank of Australia, still detains a treasure of 8.3 billion USD which will enable it to achieve other acquisitions in 2016. Yoshinobu Tsutsui, president of Nippon Life, has not concealed his interest in the American market where the group plans on setting foot.
Tokio Marine, which took control over American HCC Insurance for the amount of 7.5 billion USD, is still in search of opportunities in Asia and in Latin America. In February 2015, Dai-ichi Life Insurance acquired American insurer Protective Life Corp. Finally, MS&AD Insurance has equally disclosed its interest in the United States.