Latest Japan Headlines
All the headlines from our Japan Topic Page, ordered by recency.
Sompo Canopius’ Mining Capacity Rises to $30M with Travelers Syndicate Support
Mar 7 2017 // Sompo Canopius AG announced that its heavy industry team has secured additional capacity for its mining cover from Travelers Syndicate 5000 at Lloyd’s. This takes full capacity for the mining portfolio up to US$30...
Takata’s $1 Billion Guilty Plea, Settlement with U.S. Includes Victims’ Fund
Feb 28 2017 // Japan’s Takata Corp. removed a major obstacle to its potential sale or restructuring, pleading guilty on Monday in a U.S. federal court to a felony charge as part of a $1 billion settlement that included compensation...
6 Years After Fukushima Disaster, Robots Continue Search for Radioactive Fuel
Feb 24 2017 // The latest robot seeking to find the 600 tons of nuclear fuel and debris that melted down six years ago in Japan’s wrecked Fukushima Dai-Ichi power plant met its end in less than a day. The scorpion-shaped machine,...
Zurich Insurance in APAC Creates New Commercial Insurance Structure
Feb 17 2017 // Zurich Insurance has created a new structure for its Commercial Insurance business in Asia Pacific (APAC), following the combination of its Global Corporate and Commercial units into a single division. “This...
26% of Natural Disaster Economic Losses in 2016 Were Insured: Aon Benfield Cat Report
Jan 17 2017 // Overall, just 26 percent ($54 billion) of overall economic losses caused by natural disasters worldwide during 2016 were covered by insurance as a higher percentage of damage occurred in areas with a lower insurance...
7.4 Earthquake off Coast of Fukushima Jolts Japan; Tsunami Alert Lifted
Nov 22 2016 // A powerful earthquake rocked northern Japan early on Tuesday, briefly disrupting cooling functions at a nuclear plant and generating a small tsunami that hit the same Fukushima region devastated by a 2011 quake, tsunami...
China’s Anbang Eyes $2.3B Purchase of Japanese Property Assets: Sources
Nov 21 2016 // China’s Anbang Insurance Group Co. is in talks to buy as much as $2.3 billion in Japanese residential property assets from Blackstone Group, two people involved in the discussions said, in what would be Japan’s...
ANZ’s Life Unit Attracts Interest from Suitors in Japan & Hong Kong: Sources
Nov 18 2016 // Australia and New Zealand Banking Group’s sale of its life insurance and wealth business, which has been valued at $3.33 billion by the bank, is attracting interest from Japan’s Meiji Yasuda and Hong Kong-based...
AIG Agrees to Sell Japan Life Business to Hong Kong’s FWD Group
Nov 15 2016 // Hong Kong tycoon Richard Li is poised to buy American International Group Inc.’s Fuji Life Insurance Co. business, a deal that marks his FWD Group’s first foray into Japanese insurance. AIG will continue to...
Japan’s Cash-Flush Insurers to Keep Paying Hefty Prices for Overseas M&As
Oct 7 2016 // Japan’s cashed-up insurers are likely to keep paying hefty premiums for overseas assets as they seek to spur growth and overcome negative interest rates, fewer lucrative investment options and a fast-maturing market...
Delta Lloyd, Endurance Deals May Herald a Wave of Insurance M&As
Oct 6 2016 // NN Group NV and Sompo Holdings Inc.’s approaches for smaller competitors may herald a wave of mergers and acquisitions in an insurance industry that’s struggling with low interest rates and increased...
Japan’s SOMPO to Acquire Endurance for $6.3 Billion
Oct 5 2016 // Japan’s SOMPO Holdings Inc. has agreed to acquire all of the outstanding ordinary shares of Bermuda’s Endurance Specialty Holdings Ltd. for $93 per share in cash. The aggregate consideration is approximately...
Japanese Creditors Oppose Takata Seeking Bankruptcy Protection
Sep 30 2016 // All five bidders seeking to bail out Japan’s beleaguered Takata Corp. have presented restructuring plans that require the air bag maker to file for bankruptcy protection, people with knowledge of the process told...
Takata Takeover Deals Scrutinized for Handling of Recall, Liability Costs
Sep 28 2016 // Takata Corp. and some of the world’s biggest carmakers face an extensive — and expensive — to-do list as they try to resolve the worst safety crisis in the auto industry’s history. Executives for...
Tokio Marine Management Rebrands as Tokio Marine America
Sep 26 2016 // Tokio Marine Management Inc. (TMM), a commercial property/casualty insurer for large- and middle-market companies and a U.S. subsidiary of Tokio Marine Holdings in Japan, is rebranding as Tokio Marine America (TMA). The...
Typhoon Lionrock Makes Landfall in Japan, Bringing Landslides, Floods & Deaths
Aug 31 2016 // With strong winds, drenching rain, high surf, and coastal flooding, Typhoon Lionrock made landfall in the Tohoku region of Japan Tuesday evening local time, near the city of Ofunato in Iwate Prefecture, according to an...
Tokio Marine in Talks to Acquire RHB’s Non-Life Insurance Unit: Sources
Aug 30 2016 // Tokio Marine Holdings Inc, is in exclusive talks to buy RHB Bank’s general insurance unit in a deal that also includes an agreement to distribute the Japanese insurer’s products through the Malaysian lender,...
Typhoon Lionrock Expected to Hit Japan’s Tohoku Region, Site of 2011 Tsunami
Aug 29 2016 // Typhoon Lionrock is projected to make landfall in Japan Tuesday and is likely to strike the northern Tohoku region, the area devastated by the March 2011 earthquake and tsunami. It would be the first tropical cyclone to...
Typhoon Mindulle Batters Tokyo, Bringing Risk of Floods and Landslides
Aug 22 2016 // Tokyo was pummeled by rain and winds as Mindulle became the first typhoon to make landfall near the metropolitan region in 11 years on Monday, bringing the risk of floods and landslides. The typhoon’s center was...
Sompo Canopius Names Catlin’s Newman as CEO of APAC & MENA
Aug 18 2016 // Sompo Canopius has appointed Mark Newman as chief executive officer Sompo Canopius Asia Pacific, Middle East and North Africa. He is based in the Singapore office, reporting to Mike Duffy, chief underwriting...
