Iric Corporation is set to acquire Asset Guardian's two insurance shop locations in Tokyo, expanding its footprint in the insurance retail market.
Target Information
The target of this acquisition is Asset Guardian's insurance shop business, specifically the two locations operating under the brand 'Insurance de Anshin-kan' in the Tokyo metropolitan area. This business segment is part of Asset Guardian, a wholly-owned subsidiary of Dai-ichi Life Holdings, Inc., engaging primarily in life and non-life insurance agency operations.
Iric Corporation, which operates the 'Hoken Clinic' insurance shop chain, plans to integrate these two stores into its existing operations, allowing for a seamless transition and consolidation of resources.
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Industry Overview
The insurance sector in Japan, particularly within the metropolitan areas, has shown robust growth, propelled by increasing demand for customized insurance services. Consumer
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Disclosed details
Transaction Size: $1M