Dai-ichi Life to take 15% stake in M&G

Written by Adam Cadle

30/05/2025

Japanese insurer, Dai-ichi Life, is set to take a 15% stake in M&G, with the pair announcing a “new long-term strategic partnership” across asset management and life insurance.

The strategic partnership will be focused on growth, distribution and product development opportunities, with the goal of delivering substantial new business flows for both M&G and Dai-ichi Life.

M&G said it will support Dai-ichi Life’s access to public and private markets capabilities in Europe, for Dai-ichi Life’s own investment requirements as well as the needs of its customers.

Dai-ichi Life will also work closely with M&G to enhance its own expertise in bulk purchase annuities.

Tetsuya Kikuta, President and CEO of Dai-ichi Life, said: “Dai-ichi Life Holdings is delighted to enter into a strategic alliance with M&G, a highly regarded global player in the insurance and asset management industries, to collaborate and develop capabilities together in multiple areas, especially in Europe.

“We see our partnership with M&G acting as a spearhead to develop our presence across Europe and the UK, accelerating our strategy to become a global top-tier insurance group. M&G possesses not only a reputable and long-established life insurance business, but comprehensive asset management solutions in both public and private markets.

“With this alliance, we are bringing together our respective capabilities to create a mutually beneficial partnership that will create value over the long-term.”

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