TOKYO -- Meiji Yasuda Life Insurance is accelerating its push into the U.S. by acquiring a subsidiary of local heavyweight Allstate, part of a global shift among Japanese players who face a saturated and stalling market at home.
Insurance
Japan's Meiji Yasuda boosts U.S. strategy with Allstate unit deal
With little room to grow at home, insurers turn to world's largest market
Meiji Yasuda, headquartered in Tokyo, has focused heavily on the U.S. since acquiring StanCorp Financial in 2016. (Photo by Akira Kodaka)
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