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:
““You are old, Father William,” the young man cried,
“And life must be hastening away;
You are cheerful, and love to converse upon death:
Now tell me the reason, I pray.”
“I am cheerful, young man,” Father William replied;
“Let the cause thy attention engage;
In the days of my youth I remembered my God,
And He hath not forgotten my age.””
—Robert Southey (1774–1843)