Southeastern Asset Management Loses in Attempt to Replace NipponKoa Insurance Chief Executive

I should have posted this at the end of last week, but time got away from me.

Southeastern Asset Management, famous for its Longleaf Partners family of funds, owns 17% of NipponKoa Insurance. This is the second year running that Mason Hawkins and gang have been unsuccessful in replacing the CEO. I doubt they thought they had a shot -- more likely just registering disapproval on direction.

After their first attempt last year, NipponKoa announced plans to merge with Sompo Insurance Japan, a move which Southeastern Asset Management supports.