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    • Meiji Yasuda plans acquisition of US-based Banner Life

    February 11, 2025 by Staff

    Meiji Yasuda Life is set to acquire Legal & General America, Inc. and its US subsidiary, Banner Life, for $2.3b.

    As part of the deal, Meiji Yasuda will also acquire a 5% stake in Legal & General.

    The company expects the transaction to double its overseas insurance premiums to over $6.6b (¥1t), with core profits rising to more than $660m (¥100b) from $603.24m (¥91.4b) before the acquisition. 

    Read via Insurance Asia

    Originally Posted at Insurance Asia on February 10, 2025 by Staff.

    Categories: Industry Articles
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