Nippon Life U.S. M&A spree not hampered by mutual company status: president

Japan insurer has spent $12bn in North American market, looking to boost returns

20241223N Nippon Life CEO

Nippon Life Insurance President Hiroshi Shimizu said it is important for his company to show policyholders how acquisitions benefit them. (Photo by Kotaro Igarashi)

OKI HIDAKA, Nikkei staff writer

TOKYO -- Nippon Life Insurance is in the middle of a series of acquisitions worth $12 billion in order to shore up its foothold in the challenging North American market.

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