AsiaPulse News

An executive briefing on insurance for Jan 23, 2012, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
JAPAN'S MEIJI YASUDA LIFE TO BUY INTO POLISH INSURER
TOKYO - Japan's Meiji Yasuda Life Insurance Co. said Friday that it will acquire a 30 per cent stake in major Polish insurer Warta Group for 22 billion yen.
The Japanese insurer's German partner, Talanx AG, will purchase the other 70 per cent. The two firms will pay a combined 770 million euros (US$991 million) for the acquisition.
NIPPON LIFE TO ACQUIRE 26% STAKE IN RELIANCE CAPITAL ASSET MGMT
NEW DELHI - In the largest foreign direct investment in the Indian mutual funds space, Japan's Nippon Life Insurance Co will acquire a 26 per cent stake in Reliance Capital Asset Management for Rs 1,450 crore (US$290 million).
Nippon Life Insurance Company, also called Nissay, Thursday signed a Memorandum of Understanding (MoU) with Reliance Capital for acquiring the stake in the Anil Ambani Group firm's fund management unit, Reliance Capital Asset Management Company, the company said in a statement.