Latest Japan Headlines
All the headlines from our Japan Topic Page, ordered by recency.
Reinsurance Experience in Africa, Asia Sets MGA Tempo Underwriting Apart
Sep 29 2020 // Tom Bailey, executive director of Tempo Underwriting, has a theory about what it takes to build a business based on the reinsurance MGA model. “For a reinsurance MGA to be successful and to have a strong offering,...
New York, California Could be Fastest Growing States for Renewables
Sep 24 2020 // U.S. environmental policies will drive long-term demand for renewable energy, Moody’s Investors Service said in a new report. The report depicts a “a credit positive for renewable energy developers” in...
Chubb Appoints Sosa to Lead Operations in Japan
Sep 11 2020 // Chubb Limited announced that Diego Sosa has been named regional president, Far East. Currently, chief operating officer for Chubb in Brazil, Sosa in his new role will have overall responsibility for the management and...
Japan Offers Mauritius ‘Unprecedented’ Support in Oil Ship Accident
Sep 8 2020 // Japan has told Mauritius it would offer support on an “unprecedented scale,” Foreign Minister Toshimitsu Motegi said on Monday, after a Japanese-owned ship struck a coral reef off the country’s southeast...
More Than 40 Crew Members Missing After Ship with 6,000 Cattle Capsizes Off Japan
Sep 3 2020 // More than 40 crew members were missing after a ship carrying cattle from New Zealand to China capsized in stormy weather in the East China Sea, the Japanese coastguard said on Thursday. A lone crew member from the Gulf...
Coronavirus Erodes Countries’ Economic Resilience; Global Insurance Gaps Widen
Aug 26 2020 // The COVID-19 pandemic is expected to reduce global macroeconomic resilience by about 20% in 2020 from 2019 levels as stimulus packages deplete countries’ fiscal and monetary buffers around the world. At the same...
Japan Ship Behind Oil Spill in Mauritius Deviated From Regular Shipping Lane
Aug 21 2020 // The Japanese-owned bulk carrier that ran aground off Mauritius and spilled oil over pristine waters and fragile coral reefs diverted more than 100 kilometers from a regular shipping lane, data from a maritime analysis firm...
Japanese Lunar Exploration Firm ispace Raises $28M and Inspires Moon Insurance
Aug 20 2020 // The Japanese lunar exploration firm, ispace, which is developing spacecraft to carry people to the moon, just raised $28 million from the four organizations for its Series B investment round. The firm, which aspires to be...
Mauritius Arrests Captain of Japanese Oil Spill Ship
Aug 19 2020 // Mauritius has arrested the captain of a Japanese bulk carrier that ran aground off its coast, causing a devastating oil spill in one of the world’s most pristine maritime environments, police said on Tuesday. The MV...
Japanese Bulk Carrier Splits Apart as Mauritian Authorities Work to Contain Oil Spill
Aug 17 2020 // A Japanese bulk carrier that ran aground on a reef in Mauritius last month threatening a marine ecological disaster around the Indian Ocean island has broken apart, authorities said on Saturday. The condition of the MV...
Explainer: Assessing Liabilities from Massive Mauritius Oil Spill
Aug 14 2020 // A Japanese bulk carrier struck a coral reef off the Indian Ocean island nation of Mauritius on July 25, spilling about 1,000 tonnes of fuel oil and triggering a state of “environmental emergency.” Scientists...
California Labor Commissioner Reaches $2.6M Settlement with Restaurant
Aug 13 2020 // The California Labor Commissioner has reached a $2.6 million settlement with the owners of Kome Japanese Seafood & Buffet in Daly City, securing compensation for 133 workers for unpaid minimum wage, overtime and split...
Oil Leak from Cargo Ship Pollutes Mauritius Beaches as Insurers Assess Liability
Aug 11 2020 // The oil cleanup from a leaking cargo ship that ran aground off the coast of Mauritius continues while the government and insurance firms begin probing liability for the accident. The incident has befouled the white-sand...
Japan Government Urges Firms to Aim for 70% Telecommuting as COVID Cases Surge
Jul 30 2020 // Japan’s economy minister said on Monday [July 27] the government would urge businesses to aim for 70% telecommuting and enhance other social distancing measures amid a rise in coronavirus cases among workers, some...
Torrential Rains Cause Floods in SW Japan, with Nearly 40 Feared Dead
Jul 6 2020 // Nearly 40 people were feared dead as torrential rains continued to hit Japan’s southwestern island of Kyushu, with river banks at risk of bursting on Monday morning and new evacuation orders put in place. Flooding...
Carlyle, T&D Holdings Complete Acquisition of 76% Interest in Fortitude Group From AIG
Jun 3 2020 // Global investment firm The Carlyle Group and T&D Holdings announced have completed their acquisition of a 76.6% interest in Fortitude Group Holdings, whose group companies include Fortitude Re, from insurer American...
Sony to Take Full Control of Its Financial Unit for $3.7B, Aiming for Fintech Growth
May 19 2020 // Sony Corp. said on Tuesday it will turn its listed financial arm, Sony Financial Holdings Inc, into a wholly owned unit through a tender offer worth about 400 billion yen ($3.72 billion). The deal will allow the Japanese...
Tokio Marine Uses Tractable’s Artificial Intelligence Solution for Auto Claims in Japan
May 11 2020 // Tokio Marine, the Tokyo-based property and casualty insurer, will use an artificial intelligence (AI) solution to process auto damage across its insurance operations in Japan, accelerating claims processing for...
Coronvirus Discrimination and Bullying Hinders Battle Against Pandemic in Japan
May 11 2020 // The coronavirus in Japan has brought not just an epidemic of infections, but also an onslaught of bullying and discrimination against the sick, their families and health workers. A government campaign to raise awareness...
Many Japan Firms Resist Telecommuting, Raising COVID-19 Risk for Call Center Staff
May 5 2020 // Almost a month after Tokyo declared a state of emergency, dozens of call center employees for telecom KDDI Corp still commute into their crowded office, where the fear of coronavirus infection has taken a back seat to data...
