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Friday, 10 October 2008
Yamato Life Goes Under
A medium size insurer in Japan, Yamato Life Insurance, has gone bust. It has debts of $2.7 bil and fell US$111 mil in the red because of drastic fall in global stock prices.
Source: The Star, Insurance Daily
Labels: Insurer's Failure
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- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
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