Japan’s Daiichi Life to buy New Zealand insurer in international push

Insurance group will spend $370m on Fidelity Life, betting on population growth Daiichi Life's acquisition of a New Zealand insurer is part of efforts to boost the proportion of profit coming from overseas. (Photo by Takashi Miyazaki) TOKYO — Japan's Daiichi Life Group will acquire New Zealand-based Fidelity Life Assurance under plans announced Thursday, betting on growth as immigration to the Oceanian country continues to boost the population.

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