insurance agency
Ginsen, Mitsui Sumitomo Insurance Company, and Sumitomo Mitsui Financial Group have agreed to establish a jointly invested insurance agency business company on April 1, 2026. 1. Purpose of Establishing the New Company Against the backdrop of problems such as fraudulent insurance claims and insurance premium adjustment practices in the non-life
mergers & acquisitions
Tokio Marine Holdings (TMHD) has signed a definitive agreement to acquire Agrihedge (Commodity & Ingredient Hedging, “CIH”) for USD970 Million (Approximately JPY150.0 Billion). The transaction is expected to close during the fourth quarter of Fiscal Year 2025 (January to March 2026) subject to the receipt of regulatory approvals. Background
corporate venture capital
Habit Factory, a Seoul, South Korea-based AI-driven fintech company, has raised KRW 35 billion in Series D funding. The round was led by Z Venture Capital (ZVC) and Smilegate Investment, with participation from Industrial Bank of Korea, IBK Venture Investment, Kolon Investment, KB Investment, and Shinhan Venture Investment. Z Venture
insurance agency
In a move signaling a significant strategic push into the Japanese financial services landscape, U.S. investment giant KKR & Co. has completed the acquisition of Hoken Minaoshi Hompo Group (HMH), a major domestic insurance distributor. The transaction sees KKR acquiring the company from investment funds serviced by Advantage Partners,
motor insurance
American Honda Motor has launched a licensed insurance agency, Honda Insurance Solutions, for Acura and Honda customers. The new venture will offer auto, boat, condo, home, motorcycle, pet, recreational vehicle and renters insurance coverage. It has partnered with VIU by HUB, an omnichannel insurance brokerage, to offer quoting services and
life insurance
Neo First Life Insurance, a member of the Dai-ichi Life Group, has entered into a business partnership with Car Seven DigiField, which operates a used car buying and selling franchise chain. Through this business partnership, Neo First Life Insurance will begin providing various insurance services and information, including an "
Insurance
Tokio Marine Holdings has launched "Tokio Marine GX," a new international offering founded upon GCube, a global leader in underwriting and risk management for renewable energy. This offering aims to further promote Tokio Marine's efforts to support the achievement of carbon neutrality and the transition to
embedded finance
Digital Garage has decided to launch "Musubell Insurance," an embedded insurance solution that enables online completion of fire insurance applications when purchasing real estate, as a new service of "Musubell," which allows electronic document creation/management and centralized online status management for real estate transactions. This
Insurance
Sumitomo Mitsui Card, Sony Life, and Next Solution (Nexsol) have formed a business alliance for collaboration in the insurance sales business through insurance agencies. Sumitomo Mitsui Card and Sony Life will also invest in Nexsol, a multi-carrier insurance agency. Background and Purpose of the Alliance In recent years, changes in