Nissan Mutual Life Insurance Company (日産生命保険相互会社) was a Japanese company established in 1909 and 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 François Pinault.
Famous quotes containing the word life:
“In this lucid and flexible pattern only one thing remained always stationary, but this fallacy went unnoticed by Martha. The blind spot was the victim. The victim showed no signs of life before being deprived of it. If anything, the corpse which had to be moved and handled before burial seemed more active than its biological predecessor.”
—Vladimir Nabokov (1899–1977)