Yamato Life
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.
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 New Jersey-based American based insurance company, Prudential Financial.
References
- ^ "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"
- ^ Ito, Komaki and Yamazaki, Tomoko (2008). "Yamato Life Files for Bankruptcy, Citing Investments (Update3)". Bloomberg. http://www.bloomberg.com/apps/news?pid=20601101&sid=a3ai_Qgp6uNI&refer=japan. Retrieved 2008-10-11.
- ^ (Japanese) Yamato Life (PDF) Retrieved October 10, 2008
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