Nissan Mutual Life Insurance
Nissan Mutual Life Insurance
was a
Japanese
company
that went
bankrupt
on
April 25
,
1997
. It was the first time since the postwar period that a life insurer went bankrupt.
Aoba Life Insurance
took over all its insurance contracts in October 1997. Aoba was a company established in June by the
Life Insurance Association of Japan
, the
trustee
appointed by the Ministry of Finance to handle the
assets
and
liabilities
of Nissan Mutual Life Insurance. On
November 30
,
1999
Aoba was sold to Artemis, a French holding controlled by
Francois Pinault
.
See also:
economy of Japan
,
Japan
,
list of Japanese companies
.
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