Yamato Life

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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] It was founded on September 20, 1889, and was capitalized at ¥12,086,963,000. It has policies valued at ¥34,500,000,000.[citation needed]

The company filed for bankruptcy on October 10, 2008 after the global financial crisis significantly devalued its assets [2][3] particularly mortgages in Nevada. Its assets would later be acquired by the American-based insurance company Prudential Financial.

References[edit]

  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. ^ Ito, Komaki and Yamazaki, Tomoko (2008). "Yamato Life Files for Bankruptcy, Citing Investments (Update3)". Bloomberg. Retrieved 2008-10-11. 
  3. ^ (Japanese) Yamato Life (PDF) Retrieved October 10, 2008

External links[edit]