Latest Japan Headlines
All the headlines from our Japan Topic Page, ordered by recency.
New Zealand Quake Kills at Least 65; Race to Reach Trapped Victims
Feb 22 2011 // New Zealand rescue teams worked under search lights early Wednesday to find scores of people trapped under collapsed buildings after an earthquake struck the country’s second-biggest city of Christchurch, killing at...
Willis No. Am. Names Hamada as Japan Global Practice Group Leader
Feb 17 2011 // Willis North America, a unit of Willis Group Holdings, announced Junji Hamada as the Japan Global Practice Group National Practice Leader, effective immediately. Willis North America’s Japan Global Practice Group...
Chartis Launches Tender Offer for All Shares of Fuji Fire and Marine
Feb 10 2011 // Chartis Inc., the general insurance subsidiary of American International Group has announced a cash tender offer through its wholly-owned subsidiary, Chartis Japan Capital Company LLC (Chartis Japan LLC), for all common...
AIG Completes Sale of Japanese Life Insurance Companies to Prudential
Feb 1 2011 // American International Group, Inc. (AIG) reported it has closed the sale of its Japan-based life insurance subsidiaries, AIG Star Life Insurance Co. Ltd. and AIG Edison Life Insurance Co., to Prudential Financial Inc. for...
S&P Japan Ratings Downgrade Hits Insurers
Jan 28 2011 // Yesterday Standard & Poor’s Ratings Services announced that it had lowered its sovereign rating on Japan to ‘AA-‘ from ‘AA’. The rating agency followed up that action by announcing that it...
ACE Group Appoints Hager to Head Japan P&C, A&H Business
Jan 27 2011 // The ACE Group announced that Jeffery Hager has been appointed Regional President, ACE Far East, responsible for ACE’s property and casualty (P&C) and accident and health (A&H) insurance businesses in...
Toyota Recalls 1.7 Million Vehicles as Quality Woes Mount
Jan 26 2011 // Toyota Motor Corp said it would recall more than 1.7 million vehicles worldwide, bringing its total for recalls to nearly 16 million since late 2009 and dealing a blow to its efforts to restore its reputation for...
Best Affirms Mitsui Sumitomo Insurance ‘A+ Ratings; Outlook Stable
Dec 31 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit rating (ICR) of “aa” of Mitsui Sumitomo Insurance Company, Limited (MSI), as well as the FSR...
U.S. Analyst: China May Be ‘Likely Bright Spot’ in Asia Climate Action
Dec 31 2010 // The outcome of U.N. climate talks in Mexico this month should boost steps in Asia to curb greenhouse gas emissions, with China a likely bright spot in 2011, a senior analyst at a leading U.S. think tank said. The talks...
Japan’s Dai-ichi Life to Take over Australia’s Tower Group for $1.2 Billion
Dec 28 2010 // Japan’s Dai-ichi Life Insurance Co said it would buy the shares it does not already own in Tower Australia Group Ltd for 99.6 billion yen ($1.2 billion) as it seeks expansion overseas. Japan’s No.2 life insurer...
RMS Conducts Risk Analysis for SCOR’s Atlas VI Cat Bonds
Dec 13 2010 // Risk Management Solutions announced that it has successfully conducted the expert risk analysis for the second issuance of the Atlas VI bond (Series 2010-I Class A Notes) sponsored by French reinsurer SCOR Group. The...
UN Secretary General Urges Climate Agreement ‘Short of Perfect Deal’
Dec 8 2010 // Saying the health of the planet is at stake, U.N. Secretary-General Ban Ki-moon urged 190 nations meeting in Mexico on Tuesday to agree to steps to fight climate change that fall short of a perfect deal. “We cannot...
Best Affirms ‘A’ Ratings of NIPPONKOA Insurance Company
Nov 30 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Japan’s NIPPONKOA Insurance Company Ltd, both with stable outlooks. “The...
Best Affirms Aioi Nissay Dowa ‘A’ Ratings; Outlook Stable
Nov 18 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A ‘(Excellent) and issuer credit rating of “a+” of Japan’s Aioi Nissay Dowa Insurance Company Limited, both with stable...
Best Assigns Aioi Insurance Company (China) ‘A-‘ Rating; Outlook Stable
Nov 12 2010 // A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and an issuer credit rating of “a-” to Aioi Insurance Company (China) Limited, both with stable outlooks. The ratings...
Ratings Roundup: Dah Sing, Qualitas, Nissan Global
Oct 28 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Dah Sing Insurance Company Limited (DSI), both with stable outlooks....
Tide of History Runs against Would-be G20 ‘Grand Bargain’
Oct 20 2010 // Speculation of a grand bargain by the Group of 20 to rebalance the global economy is swirling ever faster thanks to China’s surprise decision to raise interest rates for the first time since 2007. Higher rates ought...
Aon Sees Catastrophes, Consolidation, Regulation in Asian Re Market
Oct 19 2010 // Aon Benfield launched a market update for the key Asia Pacific reinsurance hubs of Australia/New Zealand, Japan, Singapore and China at the recently concluded East Asian Insurance Congress (EAIC) in Bali. The announcement...
AIG to Sell Japan Life Units to Prudential (U.S.) for $4.8 Billion
Sep 30 2010 // American International Group said Thursday it will sell its two Japanese life insurance units to Prudential Financial Inc for $4.8 billion, marking another step in its efforts to repay U.S. taxpayers. The sale of AIG Star...
RMS Releases New Japan Typhoon Parametric Industry Loss Index
Sep 21 2010 // Risk Management Solutions has added to its Japan typhoon existing suite of parametric industry loss indices. The program “now includes the insurance industry’s five largest peril regions – U.S. hurricane...
