TAL Life Insurance Group (TAL) chief executive and managing director Jim Minto has been appointed to the board of Tokyo-based parent company Dai-ichi Life as executive officer.
Minto held roles in New Zealand as chief executive at Trustees Executors and TOWER, before crossing the ditch to head up TOWER Australia in 2002. That business became TAL and was acquired by Dai-ichi Life.
While coming a board member Minto will continue in his role as group chief executive of TAL.
TAL chairman Rob Thomas said following the appointment he expects TAL to play a significantly bigger role in Dai-ichi Life's strategy implementation as the group looks for future growth. He added that it also emphasises the relationship between the two companies, which has seen TAL double in size since Dai-ichi Life first invested in 2008.
"TAL Life looks forward to playing an even bigger role within the Dai-ichi Life group as we strive to provide our customers with life insurance solutions that give them peace of mind through financial protection of what they have created in their lives already and for the future they dream of," Minto said.
TAL's parent company, Dai-ichi Life Insurance Company Limited, was established in 1902 and was Japan's first mutual life insurance company.
Based in Tokyo and now listed on the Tokyo Stock Exchange, Dai-ichi Life is one of the world's largest life insurance companies with total assets of US$379 billion. Last year it paid US$29 billion in benefits and claims.
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