Japanese insurers turn to China as M&A push rolls on
Nippon Life | February 06, 2019
Japanese insurers are looking for merger and acquisition (M&A) targets in neighbouring Asian markets, including China, according to members of the insurance and banking sectors. To offset stagnation in their home market, Japanese insurers have spent over US$50 billion in acquisitions over the past five years, Reuters reported. This has led to the Japanese insurance sector becoming the second-largest buyer of insurance assets globally.