Japan’s Nippon Life Insurance and its subsidiary Taiju Life Insurance are outsourcing management of their securities investments to Master Trust Bank of Japan (MTBJ).
The move is effective April 1. Nippon Life says the three companies signed the agreement on February 6.
“By utilising MTBJ’s resources and expertise, Nippon Life and Taiju Life aim to strengthen their group’s asset management capabilities, expand investment income, and achieve long-term, stable growth of policyholder benefits,” the insurer says in a statement.
The value of investments to be managed by Master Trust Bank was not disclosed. The insurer says the bank had previously provided it with management services for Japanese securities, among other things.
According to Nippon Life’s latest annual report, its general account assets stood at 80.47 trillion yen (US$520 billion) as of end-March 2025, with 35.16 trillion yen allocated to Japanese and foreign securities.
