Sumitomo Life Insurance News

UK Insurer Aviva to Sell Singlife Joint Venture Stake for $1 Billion

Aviva is quitting its Singlife joint venture, selling its 25.9% stake in Singapore Life Holdings and two debt instruments to Sumitomo Life for a combined 800 million pounds ($997 million), the British insurer said on Wednesday. The transaction is expected …

Japanese Insurers Sell Heatstroke Coverage as Temperatures Soar to Record Levels

As temperatures soar to unprecedented levels from Europe to Asia this summer, some Japanese insurance companies have begun selling policies to protect people struck down by the heatwave. Sompo Holdings Inc. and Sumitomo Life Insurance Co., two of the country’s …