Jurisdiction - Japan
Baker & McKenzie Advises The Dai-ichi Life Insurance Company On Its Acquisition Of Protective Life Corporation.

7 June, 2014


Baker & McKenzie recently advised The Dai-ichi Life Insurance Company, Limited (“Dai-ichi Life”) on its acquisition of 100 percent of the outstanding shares of Protective Life Corporation (“Protective Life“), a U.S. Life insurance group, for a total transaction value of USD 5,708m (approximately JPY 582bn). The deal represents the largest acquisition of a foreign firm by a Japanese insurer.


Baker & McKenzie’s team was led by partners Jiro Toyokawa and Craig Roeder.


Commenting on the deal, Mr. Toyokawa said, “We are extremely delighted to have assisted Dai-ichi Life on this strategically important transaction. This transaction will further enhance Dai-ichi Life’s market presence, providing the company with a pathway to become a ‘global insurance group representing Asia.”


Conventus Law

Follow us on Twitter @conventuslaw

Comments are closed.