Japan’s Post Holdings Buys 7% of Insurer Aflac

Japan Post Holdings Co. Ltd. on Wednesday said it will buy 7 percent of U.S. insurer Aflac Inc. for about $2.4 billion, as the postal and financial conglomerate seeks new profit-drivers to counter weak growth prospects. Japan Post, majority-owned by …

from News – Insurance Journal https://ift.tt/2Ev26Up