Several Japanese life insurance companies are planning to increase their investments in infrastructure in first half 2020, according to a new report assembled by Reuters’ Tokyo Markets team.
Nippon Life, the largest Japanese life insurance company by revenue (and the eighth-largest in the world), is planning to increase its investments in alternative assets, including real estate and infrastructure. The company has more than $520 billion in assets. Nippon Life Global Investors Americas (NLGIA), a subsidiary of Nippon Life Insurance Co., manages equity, fixed income, private equity, real estate and infrastructure assets.
In addition, Tokyo-based Taiju Life Insurance Co. has earmarked ¥10 billion ($92 million) for new areas such as private equity and infrastructure. Founded in 1927, the company provides illness, hospitalization, nursing and other life insurance services to customers throughout Japan.
Japan’s life insurers had a collective ¥377.8 trillion ($3
