Insurance Agency M&A
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Japan’s Insurance Agency Sector and M&A: Regulatory Change, Major-Group Consolidation and Private Equity Roll-Ups
Japan’s insurance agency sector is unusual in that its regulatory environment, ownership structure and distribution channels are all changing at the same time. The market is being reshaped by stronger supervision following misconduct at a major multi-insurer agency, amendments to the Insurance Business Act, consolidation of agency subsidiaries by leading life and non-life insurers, continued…