Japanese insurers

Japan’s Meiji Yasuda Life buys 15% of Thai Life

Meiji Yasuda’s purchase of Thai Life shares is the latest in a wave of Japanese purchases in Southeast Asia. The value of Japanese companies’ purchases in the region so far this year total $8.2 billion, already an annual record.

<div style="text-align: left;"> Thai Life has the country's biggest branch network </div>

By Alison Tudor-Ackroyd

July 28, 2013

Meiji Yasuda Life Insurance is buying a 15% stake in Thai Life Insurance for about $750 million, the latest in a string of investments in Southeast Asia by Japanese financial institutions looking for growth outside their lacklustre home market.

The deal follows hot on the heels of Dai-ichi Life Insurance’s purchase of a 40% stake in Indonesia’s Panin Life for $335 million. Outside the insurance sector Japanese megabank Mitsubishi UFJ Financial Group announced its acquisition of a 75% stake of Thailand’s Bank of Ayudhya for $5.7 billion.

These deals have swollen the value of Japanese companies’ deals in Southeast Asia to $8.2 billion so far this year,...

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