TOKYO -- Nippon Life Insurance said Thursday it has agreed to spend over $3.8 billion for a 20% stake in U.S. life insurance provider Corebridge Financial, the move representing a full-fledged entry into the promising American insurance market in response to poor growth prospects at home.
Business deals
Nippon Life to take 20% stake in Corebridge in U.S. market push
Japanese insurer to buy shares from AIG in $3.8bn deal to conclude next year
Nippon Life Insurance, one of the biggest providers in Japan, is expanding its presence overseas in response to a shrinking market at home. © Reuters
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