Daiichi Life Group Inc

8750: XTKS (JPN)
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Dai-ichi Life: Rival's $8.2 Billion Deal Brings Potential Shifts in Australia; Fair Value Unchanged

Nippon Life, the larger peer of number-two Japanese life insurer Dai-ichi Life, announced an $8.2 billion cash acquisition of Bermuda-based Resolution Life Group, a "closed-book" insurer that buys existing policies from other insurers. The deal will expand Nippon Life’s share in Australia.

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