Financial services firm Orix has confirmed that it is considering to buy Hartford Life Insurance K.K., although no decision has been made at this point.

According to earlier reports, Hartford Financial Services Group is nearing to divest its Japanese operations, including retirement products called variable annuities, to Orix.

Orix is expected to pay nearly $875m for the deal, reported Japan’s news agency Nikkei.

Based in Tokyo, Japan, Hartford Life Insurance offers life and health insurance products, and operates as a subsidiary of Hartford Life.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.