Dai-ichi Life eyes US-listed Protective Life

Dai-ichi Life Insurance plans to purchase US-listed Protective Life for Y500 billion. All eyes are on how it will raise the necessary funds.

Dai-ichi Life eyes US-listed Protective Life

Dai-ichi Life Insurance is reportedly in talks to acquire NYSE-listed Protective Life for Y500 billion $4.9 billion, in line with its stated plans to expand overseas, but questions remain over the funding.

Citing reports that it was looking to buy Protective Life and mulling a Y200 billion share sale to help fund it, the company said it was looking at various US life insurance investments and different funding options,...

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