Sumitomo Life Insurance is considering allocating about ¥300 billion on private credit in the fiscal year starting April, in the latest push by a Japanese financial firm into alternative assets to boost returns.
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Sumitomo Life plans to invest $1.9 billion in private credit
The Osaka-based insurer has been gradually increasing its private credit holdings.
The Japan Times
Three major Japan life insurers see revenue growth in April-September
Insurance premium revenues rose 30.4% from a year earlier at Meiji Yasuda, 13.4% at Nippon Life and 4.0% at Sumitomo.
The Japan Times
Sumitomo Life takes unusual step to avoid marking JGB losses
The Osaka-based firm, one of Japan’s top-four life insurers, is taking advantage of guidelines for bond investors when prices move sharply.
The Japan Times