Japan's Daiichi Life to buy New Zealand insurer in international push

Business dealsInsurance group will spend $370m on Fidelity Life, betting on population growthDaiichi Life's acquisition of a New Zealand insurer is part of efforts to boost the proportion of profit coming from overseas. (Photo by Takashi Miyazaki)TAKERO MINAMISeptember 4, 2026 00:59 JSTTOKYO -- Japan's Daiichi Life Group will acquire New Zealand-based Fidelity Life Assurance under plans announced Thursday, betting on growth as immigration to the Oceanian country continues to boost the population.