Japan's Dai-Ichi Life to Acquire 15% Stake in British Insurer M&G

Japan's Dai-ichi Life to acquire 15% stake in British insurer M&G

TOKYO -- Japan's Dai-ichi Life Holdings on Friday said it will acquire a 15% stake in M&G, a major British life insurance company. The investment

Japan-UK insurance tie-up scratches both backs

Dai-ichi Life will buy 15% of Britain’s $8 bln life-to-fund group M&G. Overseas expansion makes sense for the Japanese side given a shrinking home market, while its partner is cheap and has private-market chops. The UK group’s growth plan gets a leg up, as do its M&A defences.

Japanese insurer to buy 15% M&G stake in distribution tie-up

M%26G expects to generate $6bn of net flows from the partnership.

Japan's Dai-Ichi Life to take 15% stake in UK's M&G as part of strategic deal

The Japanese insurer will take 15% of the capital of the UK manager M&G through purchases on the market, a transaction worth more than EUR 1 billion.