Reinsurance News
Sumitomo Life Insurance Company
Japanese insurers buy into new World Bank bond
28th April 2022
A group of Japanese life insurance companies have invested in a new bond issued by the World Bank aimed at supporting a holistic approach to climate action. The eight-year, AUS $516m bond has a coupon due 26 April 2030. The Japanese insurers are Asahi Mutual Life Insurance Company, The Dai-ichi Life ... Read the full article
Symetra Financial unit to manage US investments for Sumitomo Life
10th January 2020
Symetra Financial Corporation has established a new investment subsidiary that will help the company’s parent, Sumitomo Life Insurance Company, to invest in US-based assets. The new unit, called Symetra Investment Management Company (SIM), will enable Sumitomo to build on its first investment of $500 million, which was made via a corporate ... Read the full article
Sumitomo Life acquires 25% stake in Singapore Life
1st July 2019
Singapore-based wealth technology and life insurance firm, Singapore Life Pte. Ltd. has secured a $90 million investment from Japanese life insurer, Sumitomo Life Insurance Company, taking its total funding to date to $153 million. The latest expansion drive by Singapore Life sees Sumitomo Life acquire roughly 25% of the total issued ... Read the full article
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