Nippon Life Insurance Company, Japan's largest life insurer by revenue, has announced plans to expand overseas and invest €500 million (US$725 million) in a unit of Allianz SE, with the transaction expected to close later in the week. This deal marks the Japanese company's first investment in a European peer, and it is also the first time that the German insurance giant has issued contingent capital…

Manulife Life Insurance Company (Manulife Japan) has recently launched a new variable individual annuity insurance type V product which will be sold through the Bank of Tokyo-Mitsubishi UFJ.