The was a life-insurance company in Japan

Japan

Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...

. Yamato's headquarters were in Uchisaiwaichō

Uchisaiwaichō

is a neighborhood in Chiyoda, Tokyo, at the south-east corner of the ward bordering with Chūō and Minato. Its postal code is 100-0011.Uchisaiwaichō Station on the Toei Mita Line is located in the area.-Businesses in Uchisaiwaichō:*Kroll Inc...

, Chiyoda, Tokyo

Chiyoda, Tokyo

is one of the 23 special wards in central Tokyo, Japan. In English, it is called Chiyoda ward. As of October 2007, the ward has an estimated population of 45,543 and a population density of 3,912 people per km², making it by far the least populated of the special wards...

. It was founded on September 20, 1889, and was capitalized at ¥

Japanese yen

The is the official currency of Japan. It is the third most traded currency in the foreign exchange market after the United States dollar and the euro. It is also widely used as a reserve currency after the U.S. dollar, the euro and the pound sterling...

12,086,963,000. It has policies valued at ¥34,500,000,000.

The company filed for bankruptcy

Bankruptcy

Bankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....

 on October 10, 2008 after the global financial crisis significantly devalued its assets particularly mortgages in Nevada

Nevada

Nevada is a state in the western, mountain west, and southwestern regions of the United States. With an area of and a population of about 2.7 million, it is the 7th-largest and 35th-most populous state. Over two-thirds of Nevada's people live in the Las Vegas metropolitan area, which contains its...

. Its assets would later be acquired by the New Jersey

New Jersey

New Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. , its population was 8,791,894. It is bordered on the north and east by the state of New York, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania and on the southwest by Delaware...

-based American

United States

The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 based insurance company, Prudential Financial

Prudential Financial

The Prudential Insurance Company of America , also known as Prudential Financial, Inc., is a Fortune Global 500 and Fortune 500 company whose subsidiaries provide insurance, investment management, and other financial products and services to both retail and institutional customers throughout the...

.

External links

• Yamato Life site (Archived)