Nippon Life Insurance is planning to appoint Satoshi Asahi, an executive vice president, as its new president, effective April 1. The company’s board of directors will vote on the appointment soon. Asahi has extensive experience in domestic insurance operations and will focus on solidifying the company’s core revenue source in Japan while expanding its foreign investments. Current President Hiroshi Shimizu will take on the role of chairman, while current Chairman Yoshinobu Tsutsui will step down in April. Tsutsui will become a special adviser after approval at a policyholders meeting in July. This leadership change aims to position Nippon Life Insurance for future growth and success in an increasingly competitive global market.
