All the headlines from our Japan Topic Page, ordered by recency.
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...
Dec 18 2000 // Great American Ins. Co., a division of American Financial Group, has agreed to sell its Japanese Division to Mitsui Marine & Fire Ins. Co. of America, for $22 million in cash, and the transfer of existing assets and...
Dec 15 2000 // Japan’s Financial Reconstruction Commission approved the license application of Hartford Life Ins. Co. KK, The Hartford’s Japanese subsidiary, to sell variable annuities. Hartford immediately announced that...
Nov 17 2000 // Menlo Park based, Risk Management Solutions (RMS) and its Japanese partner OYO Corporation announced that their joint venture, OYO RMS, has completed “a detailed natural hazard risk analysis for the National Mutual...
Nov 14 2000 // Swiss Re’s new Sigma 8/2000 report, “Japan’s Insurance Markets—A Sea Change,” examines the industry in depth and discusses the uncertainties and the future outlook. “Financial market...
Nov 8 2000 // In a controversial move Hideyuki Aizawa, the head of Japan’s Financial Reconstruction Commission, which is trying to straighten out the country’s financial problems, highlighted by the recent failure of two...
Nov 3 2000 // Another round of consolidation is shaping up in the Japanese insurance industry with the announcement that Yasuda Fire & Marine Ins. Co., Nissan Fire & Marine Ins. Co. and Taisei Fire & Marine Ins. Co. are...
Oct 24 2000 // Masaharu Hino, the head of Japan’s Financial Services Agency (FSA) which oversees the Japanese insurance industry, indicated that his office would press life insurers to supply more information concerning their...
Oct 23 2000 // Nippon Life Insurance Co., Japan’s largest, was reportedly holding talks with Mitsui Marine & Fire Insurance Co., its 3rd largest p/c insurer and Sumitomo Marine & Fire Insurance Co., its 5th largest, in an...
Oct 20 2000 // More trouble was announced this morning for Japan’s life insurance sector with the news that Kyoei Life Insurance, the nation’s 11th largest life insurer, is preparing to file for court protection. With total...
Oct 11 2000 // Hartford Financial Services Group has applied for permission from the Financial Services Administration for permission to begin marketing variable annuity products through its Japanese subsidiary. As in the U.S., flexible...
Oct 10 2000 // While the earthquake which struck Western Japan last week was very strong, measuring 7.3 on the Japanese Meteorological Agency scale, it was extremely deep, and the epicenter was far from a major population center –...
Oct 9 2000 // Chiyoda Mutual Life Insurance Co. became the latest, and so far largest, victim of Japan’s troubled financial community, when it filed for bankruptcy protection Monday, listing outstanding debt of 2.94 trillion yen...
Oct 6 2000 // An earthquake measuring 7.1 on the Richter Scale jolted southwestern Japan in the early afternoon Friday, but early reports indicate it caused only moderate damage. According to the BBC, the quake, which lasted about 40...
Sep 18 2000 // Confirming earlier reports, Japan’s largest p/c insurer, Tokio Marine and Fire Insurance Co. Ltd. plans to merge with the 5th largest life insurer, Asahi Mutual Life and a smaller p/c company Nichido Fire &...