Sumitomo Life

Sumitomo Life Insurance Company (住友生命保険相互会社) is a mutual life insurance company in Japan, founded in 1907 and headquartered in Osaka.

In 2005, the company announced a joint venture with the People's Insurance Company of China. The new company was named PICC Life Insurance, which sells insurance products, including savings-oriented endowment insurance policies.

In 2012, Sumitomo Life decided to become a strategic partner of Bao Viet Insurance from Vietnam by acquiring 18% of the company's shares previously held by HSBC.[2]

See also

  • List of investors in Bernard L. Madoff Securities

References

  1. Board Members (As of July 4, 2023) retrieved 2024-01-09^
  2. Cơ hội nào cho nhà đầu tư chiến lược mới tại Bảo Việt? GaFin.vn, 20 December 2012, retrieved 20 December 2012^