Latest Japan Headlines
All the headlines from our Japan Topic Page, ordered by recency.
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 // A Glimpse into Japan’s Property and Casualty Market 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...
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...
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...
Climate Change Under World Spotlight
Mar 24 2008 // Swiss Re’s latest sigma study on natural catastrophes and man-made disasters in 2007 concludes that they killed over 20,000 people and cost the insurance industry $70 billion, $28 billion related to property claims....
Ratings Roundup: ACE (Japan), Inter Hannover, White Mountains
Mar 20 2008 // Standard & Poor’s Ratings Services has revised its outlook on its ‘A-‘ financial strength and long-term counterparty ratings on ACE Insurance to positive from stable. S&P also affirmed the...
Greenhouse Funds Gloom Hangs over G20 Climate Talks
Mar 14 2008 // Rich nations must come up with billions in new money to help poor countries fight global warming and not just repackage development aid to score diplomatic points, environmentalists at a meeting of top polluters said on...
Japan’s Millea Group to Buy Lloyd’s Kiln for $898 Million
Dec 14 2007 // The boards of Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF), the main operating companies of Japan’s Millea Group, and Bermuda-based Kiln Ltd. , a major Lloyd’s insurer, announced that they have...
S&P: Japan Non-Life Insurers ‘Show Improvement in Profits’
Nov 29 2007 // A report from Standard & Poor’s Ratings Services concludes that Japan’s top nine non-life insurers recorded ¥173 billion ($1.575 billion) in interim net profits for the first half of fiscal 2007 (ended...
U.S. Employee Sues Japanese Ad Firm Alleging Offensive Sexual Activity
Nov 2 2007 // The former creative director of the U.S. arm of Japan’s largest advertising agency sued the company this week, saying he was pressured to visit a brothel and engage in other sexually explicit activities on company...
Aon Places $260 Million Japanese Quake Cat Bond
Oct 18 2007 // Aon Corp. announced that its investment banking group, Aon Capital Markets, has successfully completed the private placement of $260 million of principal at-risk variable rate notes for MIDORI Ltd. The placement provides...
