Cigna Corporation of Philadelphia is establishing a join venture with Yasuda Fire & Marine Insurance of Tokyo to sell pension and investment products in Japan.

Cigna and Yasuda will each own 50 percent of the proposed new company, which is expected to begin operating in 1999, selling mutual funds and products similar to 401(k) retirement plans.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.