Protection Costs for Japan's Dai-ichi
June 4, 2014 8:51 a.m. ET
Dai-ichi Life Insurance Co.'s $5.7 billion bid for U.S. insurer Protective Life is the big bang Japanese insurance investors have been waiting for.
It isn't hard to see why. A shrinking and rapidly aging population, and chronically low interest rates that suppress investment returns make Japan a uniquely bad place to be in the life-insurance business. Dai-ichi, Japan's third-largest private insurer by assets, became the only listed...
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