The () was a life-insurance company in
Japan
Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north ...
. Yamato's headquarters were in
Uchisaiwaichō
is a district of Chiyoda, Tokyo, at the south-east corner of the ward bordering with Chūō and Minato.
Uchisaiwaichō Station on the Toei Mita Line is located in the area. Parts of the Hibiya Station and Shimbashi Station are also located in th ...
,
. It was founded on September 20, 1889, and was capitalized at
¥12,086,963,000. It has policies valued at ¥34,500,000,000.
The company filed for
bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor ...
on October 10, 2008 after the
global financial crisis
Global means of or referring to a globe and may also refer to:
Entertainment
* ''Global'' (Paul van Dyk album), 2003
* ''Global'' (Bunji Garlin album), 2007
* ''Global'' (Humanoid album), 1989
* ''Global'' (Todd Rundgren album), 2015
* Bruno ...
significantly devalued its assets
Yamato Life
(PDF) Retrieved October 10, 2008 particularly mortgages in Nevada
Nevada ( ; ) is a U.S. state, state in the Western United States, Western region of the United States. It is bordered by Oregon to the northwest, Idaho to the northeast, California to the west, Arizona to the southeast, and Utah to the east. N ...
. Its assets would later be acquired by the American-based insurance company Prudential Financial
Prudential Financial, Inc. is an American Fortune Global 500 and Fortune 500 company whose subsidiaries provide insurance, retirement planning, investment management, and other products and services to both retail and institutional customers t ...
.
References
External links
Yamato Life
site (Archived)
Financial services companies established in 1889
Insurance companies based in Tokyo
Companies that have filed for bankruptcy in Japan
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