All the headlines from our Sompo International Topic Page, ordered by recency.
Mar 6 2015 // In a brief announcement French reinsurer SCOR acknowledged that it has been “informed of the signing of a purchase agreement by Sompo Japan Nipponkoa Holdings, Inc.” The Japanese insurer is acquiring the...
Mar 6 2015 // Sompo Japan Nipponkoa Holdings Inc. will buy a 15 percent stake in French reinsurer SCOR SE in potentially its biggest investment abroad amid diminishing opportunities for growth at home.The insurer will initially buy 7.8...
May 28 2014 // A.M. Best has revised the outlook to stable from negative and affirmed the issuer credit ratings (ICR) of “a+” of Frankenmuth Mutual Insurance Company and its affiliates, Ansur America Insurance Company,...
Apr 17 2014 // Sompo Japan Insurance and Nipponkoa Insurance are already acting as one entity ahead of their merger in September. They’ve announced plans to invest “tens of billions of yen” in new areas such as energy,...
Dec 23 2013 // A.M. Best Co. has placed under review with developing implications the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Delaware-based Canopius US Insurance, Inc....
Dec 18 2013 // Sompo Japan Insurance Inc., a unit of Japan’s third-largest casualty insurer group by market value, confirmed earlier reports that it will buy Canopius Group Ltd. of the U.K. for 99.2 billion yen ($963 million) as it...
Dec 16 2013 // Sompo Japan Insurance Inc., a unit of Japan’s third-largest casualty insurer group by market value, is considering buying the U.K.’s Canopius Group Ltd. as it continues an overseas expansion.The acquisition is...
Aug 22 2012 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A’ (Excellent) and the issuer credit rating (ICR) to “aa-” from “a+” of Japan’s...
Aug 22 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Sompo Japan Insurance Inc. as well as the FSR of ‘A...
Dec 27 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Sompo Japan Insurance Inc. Best also, affirmed the FSR of...
Mar 25 2011 // Standard & Poor’s Ratings Services has conducted a detailed analysis of 15 Japanese P/C insurers, and has made several adjustments in its ratings following the earthquake and tsunami, which hit the country on...
Mar 17 2009 // Standard & Poor’s Ratings Services has lowered its counterparty credit ratings on Bermuda-based Everest Re Group Ltd. and its U.S.-based intermediary holding company, Everest Reinsurance Holdings Inc., to...
Mar 12 2009 // Japanese non-life insurers Sompo Japan Insurance and NipponKoa Insurance plan to merge, an industry source said, in the second deal in less than two months in a sector struggling with slumping demand and a dwindling,...
Mar 12 2009 // Standard & Poor’s Ratings Services has said that a management consolidation plan between Sompo Japan Insurance Inc. (AA-/Stable/–) and NIPPONKOA Insurance Co. Ltd. (A+/Stable/–) could impact its...
Aug 30 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and assigned an issuer credit rating (ICR) of “a” to New York-based Sompo Japan Insurance Company of America (SJA)....
Jun 22 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit rating (ICR) of “aa-” of Sompo Japan Insurance Inc. The outlook for the FSR is stable, and the...
Apr 17 2006 // Standard & Poor’s Ratings Services announced that it has assigned its “A-” long-term counterparty credit and insurer financial strength ratings to China-based Sompo Japan Insurance (China) Co. Ltd.,...
Dec 29 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) and assigned an issuer credit rating (ICR) of “aa-” to Sompo Japan Insurance Inc. However, Best...
Oct 25 2004 // Until Commodore Peary’s visit in 1848, Japan was one of the world’s most isolated countries, and it still remains rather unique. But something in the Japanese character and society enabled it to turn its back...
Sep 14 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Sompo Japan Insurance Inc. with a negative outlook.“The rating reflects the company’s superior market...