Meiji Yasuda to buy group insurance units of U.S.-based Elevance

Japanese insurer makes inroads in U.S. toward $600m overseas profit goal

20230329N Meiji Yasuda HQ

With Japan's population shrinking, Meiji Yasuda Life Insurance is turning its sights to overseas markets like the U.S. (Photo by Akira Kodaka)

SATOSHI TEZUKA, Nikkei staff writer

TOKYO -- Japan's Meiji Yasuda Life Insurance on Wednesday said it will acquire three group insurance subsidiaries of U.S. insurer Elevance Health, accelerating its push into the growing American market.

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