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.”

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