Latest Japan Headlines
All the headlines from our Japan Topic Page, ordered by recency.
Best Lowers Unum Japan Rating to ‘BB+’
Sep 26 2003 // A.M. Best Co. announced that it has downgraded the financial strength rating to B++ (Very Good) from A- (Excellent) of Unum Japan Accident Insurance Co. Ltd., removed the company from under review, and revised its outlook...
AIG Completes Acquisition of GE’s Japan Life and U.S. Auto Business
Aug 29 2003 // American International Group, Inc. announced that “the acquisition of the GE Edison Life Insurance Company in Japan and GE’s U.S.-based auto and home insurance business has been completed, effective...
EQECAT Provides Risk Analysis for Largest Japanese Cat Bond
Aug 21 2003 // Oakland- based EQECAT Inc., a division of ABSG Consulting of Houston, Texas, announced that it has provided the risk analysis for a $470 million bond consisting of three individual tranches covering potential losses from...
Best Affirms Toa Re ‘A+’ (Superior) Ratings
Aug 20 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A+ (Superior) of Japan’s Toa Reinsurance Company Limited, with a negative outlook. “The negative outlook reflects Toa Re’s...
A.M. Best Affirms Rating of Sompo Japan Inc.
Aug 7 2003 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Sompo Japan Insurance Inc., Japan. The outlook is negative. The rating reflects Sompo Japan’s deteriorated risk-adjusted capitalization,...
Swiss Re, Mitsui Sumitomo Arrange $100M Catastrophe Risk Swap
Aug 6 2003 // Swiss Re and Mitsui Sumitomo Insurance Company have arranged a $100 million catastrophe risk swap. The catastrophe risk swap is structured in two risk exchanges of $50 million each: Japan typhoon for North Atlantic...
AIG’s Greenberg to Hold Conference Call Today on GE Japan Life Deal
Jul 1 2003 // American International Group announced that Chairman M. R. Greenberg will hold a conference call on Tuesday, July 1, 2003 at 10:00 am EDT to discuss AIG’s agreement to acquire the GE Japan Life Insurance business and...
Report ZFS May Sell Japanese Operations to AIG
Jun 23 2003 // Zurich Financial Services is reportedly considering the sale of its personal lines Japanese life and P/C operations to American International Group for around 20 billion yen ($169 million). An article, which originally...
Hawaii Welcomes 9th Captive Insurance Company
Jun 20 2003 // Hawaii Governor Linda Lingle announced the recent licensing of the newest Hawaii captive insurance company that will be used to insure the national and international risks of its Japanese-based parent company. Mitsui...
Best Affirms ‘A++’ Ratings of Tokio Marine and Reinsurance Sub
Jun 17 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A++ (Superior) of Japan’s Tokio Marine and Fire Insurance Company Ltd., (TMF), and, in a separate announcement, also affirmed the same...
SCOR Announces Successful April Renewals in Asia
May 6 2003 // France’s SCOR Group announced that it has successfully renewed 60 percent of its 2002 portfolio in Asia as of April 1, 2003. Japanese treaties represented 68 percent of business renewed and South Korean treaties 32...
Japan’s Millea to Offer SARS Coverage
Apr 7 2003 // The two main operating companies of the Millea Group, Tokio Marine & Fire and Nichido Fire & Marine, announced that they would offer coverage to persons traveling outside of Japan against the risk of severe acute...
inreon Announces New Expansion in Asia
Apr 2 2003 // inreon, the online reinsurance platform founded by Munich Re and Swiss Re in 2000, announced a further expansion of its operations in Asia with both Korean Re and China International Re, two of the region’s leading...
A.M. Best Affirms B++ Rating of Fuji Fire & Marine; A+ Rating of NZ’s ACC
Mar 18 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of B++ (Very Good) of Japan’s Fuji Fire & Marine Insurance Company Ltd. with a stable outlook, and the A+ (Superior) financial strength...
inreon Expands in Japanese Market
Mar 12 2003 // inreon, the reinsurance online insurance platform, founded by Swiss Re and Munich Re, announced an expansion of its international operations in Japan, with the addition of two of the country’s largest P/C insurers...
A.M. Best Expands Capabilities of its Hong Kong Regional Headquarters
Feb 28 2003 // A.M. Best Co. announced that it has recently integrated its Asia/Pacific insurance rating and information operations to serve Japan, Australia and New Zealand under A.M. Best Asia-Pacific Ltd. in Hong...
A.M. Best Lowers Rating for Unum Japan Accident Co.
Feb 20 2003 // A.M. Best Co. has lowered the financial strength rating to A- (Excellent) from A (Excellent) of Unum Japan Accident Insurance Company, Ltd., Tokyo, Japan, and placed the rating under review with negative implications. The...
A.M. Best Assigns ‘A+’ Rating to Nichido Fire and Marine Co. Ltd.
Feb 14 2003 // A.M. Best Co. has assigned an initial financial strength rating of A+ (Superior) to The Nichido Fire and Marine Insurance Company, Ltd., Tokyo, Japan, with a negative outlook. The company has a financial size category of...
Report Japanese Insurer Files Suit against Fortress Re and Accountants
Dec 30 2002 // Japan’s Aioi Insurance Co. has filed a lawsuit in North Carolina against Fortress Re and its accounting firm, Deloitte & Touche LLP, alleging improper acts by the privately owned reinsurer’s directors and...
S&P Says Japanese Non-Life Insurers’ Mid-term Results in Expected Range
Nov 25 2002 // Standard & Poor’s announced that the mid-term financial results for Japan’s major non-life insurance companies were within expectations and would not immediately affect its ratings on the...
