Latest Japan Headlines

All the headlines from our Japan Topic Page, ordered by recency.

Japan Insurers, QBE Seen Eyeing AIG Assets; China Less Likely

Sep 17 2008 // Japan’s well-capitalized and acquisitive insurers and Australia’s top player are seen as potential buyers if reeling U.S. heavyweight AIG sells assets, analysts and fund managers said.However, China’s...

Ratings Roundup: Stoneheath Re, Insurance Australia, Toa Re

Aug 26 2008 // A.M. Best Co. has removed from under review with negative implications and affirmed the debt rating of “bb+” on $350 million non-cumulative perpetual preferred securities (preferred securities) issued by...

Japan: Risk and Rewards

Aug 21 2008 // In Japan, agencies write 93 percent of P/C insurance.The Japanese property and casualty insurance market is ripe for opportunities, but there also are significant risks in the country, according to Keiji Fukasawa of Finrex...

‘Dramatic’ WTO Farm Deal Close If Talks ‘Can Be Revived’

Aug 14 2008 // A world trade deal that dramatically opens livestock markets in the European Union, Canada and Japan is within grasp, if talks that collapsed last month in Geneva can be revived.U.S. Trade Representative Susan Schwab...

Best Affirms Tokio Marine/Nichido Fire ‘A++’ Ratings

Aug 7 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and the issuer credit rating (ICR) of “aa+” of Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF) with a...

Business Moves

Aug 4 2008 // Tokio Marine, Philadelphia InsuranceJapan’s Tokio Marine Holdings, Inc. has agreed to acquire Philadelphia Consolidated, a U.S. property/casualty insurance company offering specialty commercial property and casualty...

Business Moves

Aug 4 2008 // Tokio Marine, Philadelphia InsuranceJapan’s Tokio Marine Holdings, Inc. has agreed to acquire Philadelphia Consolidated, a U.S. property/casualty insurance company offering specialty commercial property and casualty...

Tokio Marine to Acquire Philadelphia Insurance for $4.7 Billion

Jul 23 2008 // Japan’s Tokio Marine Holdings, Inc. reported that it has agreed to acquire all outstanding shares of Philadelphia Consolidated, a U.S. property/casualty insurance company offering specialty commercial property and...

Strong Quake Shake Northern Japan Coast But No Tsunami Danger

Jul 22 2008 // A strong earthquake with a magnitude 6.1 earthquake struck off the northern Japanese coast Monday, but there was no danger of a tsunami, the nation’s weather agency said.The quake occurred at 8:30 p.m., about 20...

Japan: Risk and Rewards

Jul 7 2008 // The Japanese property and casualty insurance market is ripe for opportunities, but there also are significant risks in the country, according to Keiji Fukasawa of Finrex Japan and Rie Hidaka of Swiss Reinsurance Co.P/C...

White House Says G8 Can’t Set Global Climate Goals Alone

Jul 2 2008 // The Group of Eight major industrialized countries (G8) meeting next week in Japan cannot by themselves set effective long-term world goals on curbing greenhouse gas emissions, the White House said on Tuesday.“With...

Tokio Marine Seeks U.S., Europe Acquisitions

Jul 1 2008 // Tokio Marine Holdings Inc. Japan’s largest non-life insurer, is looking at opportunities to acquire U.S. and European competitors as part of its overseas growth strategy, Chief Executive Shuzo Sumi said on...

Blair Urges G8 Pact to Halve Greenhouse Gas Emmission by 2050

Jun 27 2008 // Former British prime minister Tony Blair urged the Group of Eight rich nations on Friday, June 27, to agree to a global goal of halving greenhouse gas emissions by 2050, despite signs top carbon emitter the United States...

AIR’s Initial Analysis of Japanese Quake

Jun 17 2008 // Boston-based AIR Worldwide has issued a bulletin on the earthquake that struck northern Japan on Saturday, June 14 (See IJ web site – https://www.insurancejournal.com/news/international/2008/06/16/91005.htm). The...

Rescuers Battle Devastation, Aftershocks from 7.2 Japan Quake

Jun 16 2008 // Soldiers fighting through a torrent of mud and rocks dug out three bodies at a hot spring Sunday, bringing the death toll from a magnitude 7.2-earthquake that hit the mountains of northern Japan to at least nine, with more...

International Energy Agency Urges $45 trillion ‘Energy Revolution’ to Halve CO2

Jun 6 2008 // World governments must quickly start a $45 trillion “energy technology revolution” that could drive up the cost of producing carbon ten-fold, or risk emissions surging by 2050, the West’s energy watchdog...

Munich Re, Aon Securitize Japanese Earthquake Risks

May 16 2008 // Munich Re, working with Aon, has arranged a securitization for Japanese insurer Zenkyoren, the National Mutual Insurance Federation of Agricultural Cooperatives, through Muteki Ltd., an exempted company in the Cayman...

AIR Analyzes Tokyo Earthquake

May 9 2008 // AIR Worldwide has released an analysis of a strong earthquake that struck just off the Japanese island of Honshu on Wednesday. The trembler rattled buildings in downtown Tokyo and briefly cut power to thousands of...

Japanese Credit Card Company Sets Up Captive in Hawaii

May 7 2008 // JCB Co. Ltd., a global payment brand and lcredit card issuer and acquirer in Japan, recently selected Hawaii as the home for its new captive insurance subsidiary, PermCore Insurance Co. Ltd.Commissioner J.P. Schmidt issued...

Marsh Warns Companies of Risks in Japan’s ‘Sarbanes-Oxley’ Legislation

Apr 2 2008 // Marsh issued a warning to UK companies from its London office that their “subsidiaries and affiliates of Japanese firms,” face some new risks in association with “new Japanese legislation relating to...