Provided by Business Wire
Protective Life Corporation Appoints Michael J. Morrissey as Board Chairman
Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), is pleased to announce that Michael J. Morrissey, former President and Chief Executive Officer of the International Insurance Society (IIS), has been appointed Chairman of its Board of Directors, effective May 11. Mr. Morrissey has served on Protective’s Board of Directors since May 2020.
“Serving as a member of the Protective Board of Directors for the past year has been a privilege, and I’m honored to now serve as Chairman of the Board,” said Mr. Morrissey. “As we navigate an industry full of opportunities, Protective has a strong leadership team in place, and I’m looking forward to continuing our work to build the business for the future and deliver on promises to customers.”
Japanese shares jumped on Tuesday as investors shrugged off data showing the economy slipped back into contraction, and picked up stocks whose valuations took a beating in recent sell-offs.
Japanese shares extend recovery as investors shrug off GDP data reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
The Asahi Shimbun
Dai-ichi Life Holdings Inc. plans to cut greenhouse gases emitted by companies it holds shares and bonds in by 25 percent by 2025 from the level recorded at the end of fiscal 2019, the insurer told The Asahi Shimbun.
It is rare for a leading life insurance company to set a short-term numerical target for measures against global warming in its asset management plan.
“It’s meaningless for businesses to operate on the planet if it becomes uninhabitable due to extreme weather,” Dai-ichi Life Holdings President Seiji Inagaki said in an interview with The Asahi Shimbun. “Life insurance companies can’t survive in such an environment, either.”
Life and Health Insurance Market Next Big Thing | Major Giants Allianz, Munich Reinsurance, Humana sandiegosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegosun.com Daily Mail and Mail on Sunday newspapers.