All the headlines from our Japan Topic Page, ordered by recency.
Jul 13 2001 // Tokio Marine & Fire Ins. Co, Japan’s largest p/c insurer, and global giant Swiss Re announced that they “have arranged a USD 450 million cat risk swap to cover losses from three natural perils.” The...
Jul 5 2001 // AFLAC, the leading writer of worksite supplemental insurance, has brought its celebrated duck to Japan with the launch on July 2nd of a national advertising campaign featuring the feathered quacker. The company hopes...
May 28 2001 // Soccer football’s World Cup, scheduled to take place in Japan and Korea next year, is arguably the world’s biggest sporting event, but unfortunately unruly soccer fans, dubbed “hooligans” after...
May 21 2001 // Tokio Marine & Fire Insurance Co. Ltd. reported that net profits grew 41 percent to 43.14 billion yen ($352 million) for the period March 2000/2001, despite the continuing economic slump affecting the Japanese...
May 21 2001 // Hawaii Governor Benjamin Cayetan approved the recent incorporation and licensure of Heiwa Insurance Inc., the state’s first captive insurance company which is directly owned by a Japanese corporation and insures...
May 2 2001 // Hawaii Governor Benjamin Cayetan gave his okay to the recent incorporation and licensure of Heiwa Insurance Inc., the state’s first captive insurance company which is directly owned by a Japanese corporation and...
Apr 24 2001 // Prudential Insurance Co. of America announced that, following the recent approvals by the Tokyo District Court, it had completed its rescue plan for the insolvent Japanese insurer Kyoei Life Insurance Co. Ltd. and would...
Apr 23 2001 // The Tokyo District Court, Japanese regulatory authorities and major creditors have all given final approval to American International Group’s takeover of failed insurer Chiyoda Mutual Life Insurance Co.Chiyoda filed...
Apr 20 2001 // Kansas City-based Aquila, Inc. will join forces with Japan’s Mitsui Marine and Fire Insurance Co. to develop and market weather risk management products in Japan and Asia. Aquila, a diversified subsidiary of...
Mar 23 2001 // Tokyo Mutual Life became the seventh Japanese insurer to file for bankruptcy since the end of World War II as it sought court protection, listing outstanding liabilities in excess of $7.9 billion. The move was precipitated...
Feb 28 2001 // American International Underwriters, the international p/c unit of AIG, announced that an agreement has been reached with Nasdaq Japan to offer management liability insurance to companies listed on the exchange. Nasdaq...
Feb 26 2001 // AIG gave further evidence of its confidence in Japan’s economy on Feb. 6, with the announcement that the U.S. giant had agreed to acquire a 7.3-percent stake in H.I.S. Securities Co. Ltd. for $2.61 million. While...
Feb 23 2001 // AIG plans to inject $513.5 million in capital into failed Chiyoda Mutual Life Insurance Co, sponsoring a revival plan for Japan’s 12th largest life insurer.“As a result, AIG will significantly expand its...
Feb 20 2001 // Japanese auto maker Mitsubishi Motors Corp. said it plans to recall more than 1.52 million vehicles globally.The new total, announced during a Feb. 16 news conference was revised from the 1.35 million cars in Japan and the...
Feb 7 2001 // AIG gave further evidence of its confidence in Japan’s economy on Tuesday, with the announcement that the U.S. giant had agreed to acquire a 7.3 percent stake in H.I.S. Securities Co. Ltd. for 300 million yen ($2.61...
Feb 2 2001 // The Prudential Insurance Co. of America has reportedly offered to invest at least 150 billion Yen ($1.3 billion) to bail out failed Japanese insurer Kyoei Life. It also announced that its Taiwan operations have become a...
Jan 24 2001 // Japan’s Softbank Corp. is reported to be seeking to enter the life insurance market through its Softbank Finance Co. unit, which is seeking to acquire the policies and remaining assets of failed insurer Taisho Life...
Jan 23 2001 // The U.K. ‘s Prudential announced plans to purchase Japan’s Orico Life, a subsidiary of Orient Corp., for 23 billion yen (around $200 million). The move will further strengthen the company’s Asian...
Dec 29 2000 // New revelations of the parlous financial condition of two Japanese Life Companies, Chiyoda and Kyoei, both of whom have filed for bankruptcy protection, puts into question the previously announced plans of American...
Dec 21 2000 // Holland’s ING Group announced plans to acquire a 35 percent interest in the mid-sized Japanese financial services company Nice Co. for between $17.7 and $26.6 million, and will become its largest shareholder. The...