The Yamato Life Insurance Company (大和生命保険 Yamato Seimei Hoken Kabushiki-gaisha) (TYO: 0018 was a life-insurance company in Japan. Yamato's headquarters were in Uchisaiwaichō, Chiyoda, Tokyo. It was founded on September 20, 1889, and was capitalized at 12,086,963,000 Japanese yen. It has policies valued at 34,500,000,000 yen.
The company filed for bankruptcy on October 10 2008 after the global financial crisis significantly devalued its assets [1][2] particularly mortgages in Nevada.
References
- ^ Ito, K and Yamazaki, T (2008). "Yamato Life Files for Bankruptcy, Citing Investments (Update3)". Bloomberg. http://www.bloomberg.com/apps/news?pid=20601101&sid=a3ai_Qgp6uNI&refer=japan. Retrieved 2008-10-11.
- ^ (Japanese) Yamato Life (PDF) Retrieved October 10, 2008
External links
- Yamato Life site
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