Assicurazioni Generali S.p.A (Japan Branch: Chiyoda-ku, Tokyo, General Manager: Koji Aragane, hereinafter referred to as “Generali Japan”) has determined that it will discontinue the retail sales of new policies starting 1 January, 2018 and the renewal of existing retail policies starting 1 April, 2018. Generali Japan has appointed Mitsui Sumitomo Insurance Company, Limited (Head Office: Chiyoda-ku, Tokyo, President: Noriyuki Hara, hereinafter referred to as “Mitsui Sumitomo”) as a succeeding company to renew those aforementioned insurance policies. This case is subject to regulatory approval.
Insurance contract process with Mitsui Sumitomo will be sent to customers whose insurance policies will be matured between 1 April, 2018 and 31 March 2019.
Insurance policies whose maturity date is after April 2019 are to be transferred to Mitsui Sumitomo upon obtaining FSA approvals.
Generali's multinational business in Japan will continue to be serviced through ongoing partnerships.
Further details are to be cited on Generali Japan’s web site once decided. (http://www.generali.co.jp/)
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