Sompo Japan and Nipponkoa merge to create global P&C firm
Japanese non-life insurers Sompo Japan Insurance and Nipponkoa Insurance are to merge into a single company in the first half of the 2014 financial year.
The boards of Sompo Japan, Nipponkoa and NSKJ Holdings have been reviewing the possibility of a merger for some time, and the deal is now set to go ahead pending regulatory approval.
The new company
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