Sumitomo Life Insurance Co. is taking an unusual step to avoid writing down losses on its debt assets, promising to never sell them while they are in the red, according to a person familiar with the matter.
The Osaka-based insurer is taking…
Sumitomo Life Insurance Co. is taking an unusual step to avoid writing down losses on its debt assets, promising to never sell them while they are in the red, according to a person familiar with the matter.
The Osaka-based insurer is taking…