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Article: TOKIO MARINE, NICHIDO, ASAHI MUTUAL FORM INSURANCE GROUP.

Article from:
AsiaPulse News
Article date:
September 19, 2000
Copyright

TOKYO, Sep 19 Asia Pulse - The Tokio Marine & Fire Insurance Co. (TSE: 8751), Nichido Fire & Marine Insurance Co. (TSE: 8760) and Asahi Mutual Life Insurance Co. have officially announced an agreement to form a comprehensive insurance group, handling both life and non-life operations.

The insurers will supply existing products to each other and jointly develop and sell new products. Management may be integrated under a joint holding company in the future.

"Competition in the domestic insurance market is intensifying further, and an alliance breaching the wall between life and nonlife insurance firms is ...

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