All the headlines from our Japan Topic Page, ordered by recency.
Nov 15 2016 // Hong Kong tycoon Richard Li is poised to buy American International Group Inc.’s Fuji Life Insurance Co. business, a deal that marks his FWD Group’s first foray into Japanese insurance.AIG will continue to...
Oct 7 2016 // Japan’s cashed-up insurers are likely to keep paying hefty premiums for overseas assets as they seek to spur growth and overcome negative interest rates, fewer lucrative investment options and a fast-maturing market...
Oct 6 2016 // NN Group NV and Sompo Holdings Inc.’s approaches for smaller competitors may herald a wave of mergers and acquisitions in an insurance industry that’s struggling with low interest rates and increased...
Oct 5 2016 // Japan’s SOMPO Holdings Inc. has agreed to acquire all of the outstanding ordinary shares of Bermuda’s Endurance Specialty Holdings Ltd. for $93 per share in cash. The aggregate consideration is approximately...
Sep 30 2016 // All five bidders seeking to bail out Japan’s beleaguered Takata Corp. have presented restructuring plans that require the air bag maker to file for bankruptcy protection, people with knowledge of the process told...
Sep 28 2016 // Takata Corp. and some of the world’s biggest carmakers face an extensive — and expensive — to-do list as they try to resolve the worst safety crisis in the auto industry’s history.Executives for the...
Sep 26 2016 // Tokio Marine Management Inc. (TMM), a commercial property/casualty insurer for large- and middle-market companies and a U.S. subsidiary of Tokio Marine Holdings in Japan, is rebranding as Tokio Marine America (TMA).The...
Aug 31 2016 // With strong winds, drenching rain, high surf, and coastal flooding, Typhoon Lionrock made landfall in the Tohoku region of Japan Tuesday evening local time, near the city of Ofunato in Iwate Prefecture, according to an...
Aug 30 2016 // Tokio Marine Holdings Inc, is in exclusive talks to buy RHB Bank’s general insurance unit in a deal that also includes an agreement to distribute the Japanese insurer’s products through the Malaysian lender,...
Aug 29 2016 // Typhoon Lionrock is projected to make landfall in Japan Tuesday and is likely to strike the northern Tohoku region, the area devastated by the March 2011 earthquake and tsunami. It would be the first tropical cyclone to...
Aug 22 2016 // Tokyo was pummeled by rain and winds as Mindulle became the first typhoon to make landfall near the metropolitan region in 11 years on Monday, bringing the risk of floods and landslides.The typhoon’s center was...
Aug 18 2016 // Sompo Canopius has appointed Mark Newman as chief executive officer Sompo Canopius Asia Pacific, Middle East and North Africa. He is based in the Singapore office, reporting to Mike Duffy, chief underwriting officer.Newman...
Aug 8 2016 // Ports in Japan, China and the U.S. face the greatest financial risk from natural disasters because of their vulnerable locations and increasing cargo volumes, a risk-management firm said.Nagoya, Japan, leads all ports with...
Jul 21 2016 // Discovery Ltd., South Africa’s third-largest insurer by market value, said it has set up a partnership with Japan’s Sumitomo Life Insurance Co. and SoftBank Group Corp. to develop and introduce products for the...
Jul 21 2016 // Preliminary global economic losses reached US$98 billion during the first half of 2016, while global insured losses hit US$30 billion – their highest levels since 2011, according to Impact Forecasting, Aon...
Jul 14 2016 // Central bankers globally need to realize the risks that extreme monetary policies will backfire, according to Voya Financial Inc.’s Karyn Cavanaugh.“Negative rates are turning out to be a dirt sandwich,...
Jul 13 2016 // Economic losses caused by natural catastrophes in the first half of 2016 totaled US$70 billion, a significant increase from the $59 billion reported for the first half of last year, according to a loss review issued by...
Jun 20 2016 // Swiss Re has appointed Steve Arora as its new global head of Casualty. In this capacity he will also be joining the Reinsurance Executive Committee.Arora, currently head of Japan, will move with his wife and three children...
Jun 20 2016 // Global sales of autonomous vehicles will reach nearly 21 million vehicles by 2035, a substantial increase from previous estimates, according to a forecast from auto industry information firm IHS Automotive.Roughly 600,000...
Jun 13 2016 // The winners of the first annual Innovation in Insurance awards include Allianz, AXA, Europ Assistance, MS&AD Insurance, and USAA.The program, jointly launched by Efma and Accenture, seeks to reward and foster...