Yamato Life

Last updated • 1 min readFrom Wikipedia, The Free Encyclopedia
Yamato Life Insurance Building in Uchisaiwaicho, before its demolition in 2023 YAMATO LIFE INSURANCE BUILDING ENTRANCE.jpg
Yamato Life Insurance Building in Uchisaiwaichō, before its demolition in 2023

The Yamato Life Insurance Company (大和生命保険, Yamato Seimei Hoken Kabushiki-gaisha) (TYO : 0018) was a life-insurance company in Japan. Yamato's headquarters were in Uchisaiwaichō, Chiyoda, Tokyo. [1]

Contents

History

The company was founded on September 20, 1889, and was capitalized at ¥12,086,963,000. In 1911, it entered the market for conscription insurance (under the name Nippon Chōhei Hoken), but after Japan's defeat in World War II and the elimination of military conscription, it changed its focus to life insurance and changed its name to Yamato Life in 1945. [2] It has policies valued at ¥34,500,000,000.[ citation needed ]

Bankruptcy

The company filed for bankruptcy on October 10, 2008 after the global financial crisis significantly devalued its assets [3] [4] particularly mortgages in Nevada. Its assets would later be acquired by the American-based insurance company Prudential Financial.

Related Research Articles

<span class="mw-page-title-main">Toshiba</span> Japanese electronics conglomerate

Toshiba Corporation is a Japanese multinational electronics company headquartered in Minato, Tokyo. Its diversified products and services include power, industrial and social infrastructure systems, elevators and escalators, electronic components, semiconductors, hard disk drives, printers, batteries, lighting, as well as IT solutions such as quantum cryptography. It was formerly also one of the biggest manufacturers of personal computers, consumer electronics, home appliances, and medical equipment.

<span class="mw-page-title-main">Mitsubishi Corporation</span> Japanese trading company

Mitsubishi Corporation is Japan's largest trading company and a member of the Mitsubishi keiretsu. As of 2022, Mitsubishi Corporation employs over 80,000 people and has ten business segments, including energy, industrial finance, banking, machinery, chemicals, and food.

CNO Financial Group, Inc. is an American financial services holding company based in Carmel, Indiana. Its insurance subsidiaries provide life insurance, annuity and supplemental health insurance products to more than four million customers in the United States. These products are distributed through independent agents, career agents and direct to customers through television advertising and direct mail.

<span class="mw-page-title-main">4Kids Entertainment</span> Former American licensing company

4Kids Entertainment, Inc. was an American licensing company. The company was previously also a film and television production company that produced English-dubbed Japanese anime through its subsidiary 4Kids Productions between 1992 and 2012; it specialized in the acquisition, production and licensing of children's entertainment around the United States. The first anime that 4Kids Productions dubbed was the first eight seasons of Pokémon that originally began airing in first run syndication, and then it later moved to exclusively air on Kids' WB! in the United States. The company is most well-known for its range of television licenses, which has included the multibillion-dollar Pokémon and Yu-Gi-Oh! Japanese anime franchises. They also ran two program blocks: Toonzai on The CW, and 4Kids TV on Fox, both aimed at children. The 4KidsTV block ended on December 27, 2008, while its Toonzai block ended on August 18, 2012, which was replaced by Saban's Vortexx, which in itself was succeeded by the One Magnificent Morning block by Litton Entertainment in 2014.

<span class="mw-page-title-main">Tokio Marine Nichido</span> Japanese insurance company

Tokio Marine & Nichido Fire Insurance Co., Ltd., commonly called Tokio Marine Nichido, is a property/casualty insurance subsidiary of Tokio Marine Holdings, the largest non-mutual private insurance group in Japan. Tokio Marine Holdings was formerly known as Millea Group, which underwent a name change in July 2008. Its headquarters are in Marunouchi, Chiyoda, Tokyo.

<span class="mw-page-title-main">Tokio Marine</span> Japanese insurance holding company

Tokio Marine Holdings, Inc., is a multinational insurance holding company headquartered in Tokyo, Japan. It is the largest property/casualty insurance group in Japan in terms of revenue and is the parent company for the Tokio Marine Group which employs 39,000 people in 38 countries worldwide.

<span class="mw-page-title-main">Nova (eikaiwa)</span> Private English teaching company in Japan

Nova is a large eikaiwa school in Japan. It was by far the largest company of this type until its widely publicized collapse in October 2007. Before its bankruptcy, Nova employed approximately 15,000 people across a group of companies that supported the operations of and extended out from the "Intercultural Network" of its language schools. The scope of its business operations reached its peak in February 2007 following a rapid expansion of its chain to 924 Nova branches plus a Multimedia Center located in Osaka.

<span class="mw-page-title-main">Sony Life</span>

Sony Life Insurance Co., Ltd. is a Japanese insurance company, initially founded in 1979 as a joint venture between the Sony Group Corporation and Prudential Financial headquartered in Tokyo.

<span class="mw-page-title-main">Nippon Life</span> Japanese life insurance company

Nippon Life Insurance Company, also known as Nissay or Nihon Seimei (日本生命) is the largest Japanese life insurance company by revenue. The company was founded in 1889 as the Nippon Life Assurance Co., Inc. In structure it is a mutual company. It first paid policyholder dividends in 1898.

<span class="mw-page-title-main">Aegon</span> Dutch financial services company

Aegon Ltd. is a Dutch public company for life insurance, pensions and asset management. It is headquartered in The Hague, Netherlands and has 26,000 employees as of July 21, 2020. Aegon is listed on the Euronext Amsterdam and is a constituent of the AEX index. It operates a direct bank under the brand name "Knab" in the Netherlands. In October 2022, it was announced that AEGON's Dutch operations would be acquired by ASR Nederland. To the extent they had the AEGON trade name, it will become ASR; Knab and TKP will keep their names. Subsequently, AEGON reincorporated in Bermuda.

<span class="mw-page-title-main">Sompo Japan Nipponkoa Insurance</span> Japanese insurance company

Sompo Holdings, Inc., formerly NKSJ Holdings and Sompo Japan, is a Japanese insurance company. It is the second-largest property insurance company in Japan only behind Tokio Marine, with market share of 19.3% in 2007.

<span class="mw-page-title-main">Dai-ichi Life</span> Japanese life insurance company

The Dai-ichi Life Insurance Company, Limited, or Dai-ichi Life for short, is the third-largest life insurer in Japan by revenue, behind Japan Post Insurance and Nippon Life.

<span class="mw-page-title-main">Mitsubishi UFJ Financial Group</span> Japanese bank holding and financial services company

Mitsubishi UFJ Financial Group, Inc. is a Japanese bank holding and financial services company headquartered in Chiyoda, Tokyo, Japan. MUFG was created in 2005 by merger between Mitsubishi Tokyo Financial Group and UFJ Holdings. These two groups in turn brought together multiple predecessor banks including Mitsubishi Bank, Yokohama Specie Bank, Sanwa Bank, and Tokai Bank.

<span class="mw-page-title-main">CIT Group</span> American banking and financial services company

CIT Group (CIT), a subsidiary of First Citizens BancShares, is an American financial services company. It provides financing, including factoring, cash management, treasury management, mortgage loans, Small Business Administration loans, leasing, and advisory services principally to individuals, middle-market companies and small businesses, primarily in North America. Under the reporting mark CEFX, it leases locomotives and railroad cars to rail transport and shipping companies in North America. It also operates a direct bank. In January 2022, CIT was acquired by First Citizens BancShares.

<span class="mw-page-title-main">Equitable Holdings</span> U.S. financial services company

Equitable Holdings, Inc. is an American financial services and insurance company that was founded in 1859 by Henry Baldwin Hyde. In 1991, French insurance firm AXA acquired majority control of The Equitable.

<span class="mw-page-title-main">Japan Post Insurance</span> Japanese life insurance company

The Japan Post Insurance Company, Ltd., is a Japanese life insurer that was established on October 1, 2007, with the privatization of Japan Post Life Insurance. It is owned by the Japan Post Holdings. As of 2011, it was the world's fourth largest insurance company as regards net premiums written behind three European insurers and the largest as regards non-banking assets.

<span class="mw-page-title-main">Allianz</span> German multinational financial services company

Allianz SE is a European multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management.

<span class="mw-page-title-main">Uchisaiwaichō</span> District of Chiyoda, Tokyo, Japan

Uchisaiwaichō (内幸町) is a district of Chiyoda, Tokyo, at the south-east corner of the ward bordering with Chūō and Minato. Uchisaiwaichō Station on the Toei Mita Line is located in the area. Parts of the Hibiya Station and Shimbashi Station are also located in the neighborhood.

<span class="mw-page-title-main">Fuji Fire and Marine Insurance</span> Japanese insurance company

The Fuji Fire and Marine Insurance Co., Ltd. was a Japanese insurance company. The company had its corporate headquarters in the Kamiyacho MT Building located in the Toranomon neighborhood of Minato, Tokyo. It also had an Osaka office in Chuo-ku borough, Osaka. Due to a merger, the company is now AIG General Insurance Co., Ltd.

<span class="mw-page-title-main">Kadono Jūkurō</span> Japanese businessman (1867–1958)

Kadono Jūkurō was a Japanese railway engineer, businessman, and the Chairman of Ōkura Gumi.

References

  1. "会社概要." Yamato Life. February 5, 2005. Retrieved on January 20, 2010. "所在地 〒100-0011東京都千代田区内幸町一丁目1番7号"
  2. Jiang, YingYing (2022-10-15). "Conscription Insurance in Pre-war Japan - Private Enterprise and National Interest". Contemporary Japan: 1–23. doi:10.1080/18692729.2022.2133667. ISSN   1869-2729. S2CID   252913993.
  3. Ito, Komaki & Yamazaki, Tomoko (2008). "Yamato Life Files for Bankruptcy, Citing Investments (Update3)". Bloomberg . Retrieved 2008-10-11.
  4. (in Japanese) Yamato Life (PDF) Retrieved October 10, 2008