Latest Japan Headlines
All the headlines from our Japan Topic Page, ordered by recency.
Canopius Appoints Turner as Head of Specie
Oct 2 2015 // Canopius Group* AG today announces the appointment of Philip Turner as head of specie, effective immediately. Turner joins from Marsh where he has led its specie practice for the past 20 years. He will report to Joyce...
Dujuan Strengthens; Threatens Ryukyu’s, Japan,Taiwan, China: AccuWeather
Sep 25 2015 // AccuWeather has reported that Tropical Storm Dujuan is on track to strengthen into a powerful typhoon with Japan’s Ryukyu Islands in its path and mainland Japan, Taiwan and eastern China on alert for potential...
Underinsurance of Property Is Growing Global Challenge: Swiss Re Report
Sep 15 2015 // The underinsurance of property risk – particularly natural catastrophe risks – has risen steadily over the past 40 years, even though claims payments have increased significantly during that period, according to Swiss...
Canopius & Sompo Form Global Reinsurance Unit, Sompo Canopius Re
Sep 14 2015 // Canopius Group AG* announced the formation of an integrated global business unit to manage the assumed reinsurance business previously written separately by Canopius and Sompo Japan Nipponkoa Insurance Inc. The business...
Japan Flooding After Record Rains Leaves 3 Dead, 23 Missing
Sep 11 2015 // Three people died and 23 were missing in floods after record rains burst the banks of two rivers in Japan in two days, public broadcaster NHK said. The Shibuigawa river in Miyagi Prefecture, an area hit by the record 2011...
Heavy Rains Cause Floods in Japan; Thousands Evacuated; Fukushima Leak
Sep 10 2015 // A city near Tokyo declared a state of emergency and ordered thousands of residents to evacuate after torrential rain caused severe flooding. The storm caused contaminated water from the wrecked Fukushima nuclear plant to...
Mitsui Sumitomo to Buy Amlin for $5.3B, Latest in Japanese Overseas Deals
Sep 8 2015 // MS&AD Insurance Group Holdings Inc. agreed to buy Lloyd’s of London insurer Amlin plc for about 3.47 billion pounds ($5.3 billion), joining an overseas deal spree by Japanese peers. Amlin shares surged. The...
Japan’s Mitsui Sumitomo Preparing to Buy Amlin: Report
Sep 7 2015 // Japan’s Mitsui Sumitomo Insurance Co. is in talks to buy Lloyd’s of London insurer Amlin Plc in a deal that could be announced as soon as Tuesday, according to a person with knowledge of the matter. The...
Typhoon Goni Makes Landfall on Japan, Causing Injuries, Evacuations
Aug 25 2015 // Typhoon Goni made landfall on Japan’s southernmost main island of Kyushu, causing injuries and prompting evacuation orders. Cancellations of airline and train service affected thousands of people. Goni, which had...
Typhoons Goni & Atsani Moving Toward Taiwan, Japan, Korea: AccuWeather Report
Aug 18 2015 // The AccuWeather Global Weather Center reports that two typhoons, currently located in the Eastern Pacific Ocean will strengthen further in the coming days, as one or both could become super typhoons. Typhoon Goni battered...
AIG Focuses on Integrating Japan Businesses, Rather Than Additional M&As
Aug 5 2015 // American International Group Inc. plans to sit out the unprecedented wave of insurance industry deal-making and instead focus on integrating businesses in Japan. The timetable for merging AIU with Fuji Fire & Marine...
Negotiators Fail to Reach Pacific Trade Pact; More Talks Expected
Aug 3 2015 // High-level negotiations in Hawaii on a trade agreement in the Pacific Rim wrapped up without a final deal as disagreements over dairy and vehicle policies trumped progress in other areas. The dialogue may resume within...
Japan Earthquake Premiums to Rise as Insurers Reassess Risk After Fukushima
Jul 30 2015 // Japan’s insurance companies are pushing for an average 19 percent increase in earthquake premiums as they reassess risk following the unprecedented magnitude 9 quake four years ago. The increase could come into...
Tropical Storm Nangka Batters Japan with Heavy Rain, High Winds: AIR Report
Jul 20 2015 // Catastrophe modeling firm AIR Worldwide’s report on Typhoon Nangka notes that it “made landfall July 16, 2015, at 23:07 Japan Standard Time (JST) (14:07 UTC) with a central pressure of 965 mb near Muroto City,...
Japanese Insurers Eye More Acquisitions in U.S.
Jul 17 2015 // Japanese insurers including MS&AD Insurance Group Holdings Inc. and Sompo Japan Nipponkoa Insurance Inc. are seeking mergers with peers in the United States, as a declining population at home forces them to pursue...
Typhoon Nangka Continues on Course towards Japan: AIR Analysis
Jul 15 2015 // Catastrophe modeling firm AIR Worldwide has released an analysis of Typhoon Nangka, which is currently a Category 3 storm “with a central pressure of 950 mb and maximum 10-minute sustained wind speeds of 80 knots...
With HCC Holdings Buy, Tokio Marine Enhances Already Top Commercial Lines Performance
Jun 17 2015 // Tokio Marine Holdings Inc. is using debt to expand a U.S. insurance business that’s beaten even Berkshire Hathaway Inc. for policy growth. The Japanese insurer, which is taking over Houston-based HCC Insurance...
Tokio Marine to Buy HCC for $7.5B in Biggest Ever Deal by Japanese Insurer
Jun 10 2015 // Tokio Marine Holdings Inc. agreed to buy HCC Insurance Holdings Inc. for about $7.5 billion in the biggest acquisition by a Japanese insurer, stepping up an overseas expansion to counter stagnation at home. Tokio Marine...
Toyota, Nissan, Honda Expand Global Recall Due to Faulty Takata Air Bags
May 13 2015 // Japan’s three biggest carmakers said on Wednesday they would expand a huge global recall triggered by potentially fatal air bags made by Takata Corp., saying they were taking back millions of vehicles worldwide for...
Hannover Re’s Q1 Net Income Increases 20.1% to $311.8 Million
May 6 2015 // During the first quarter, Hannover Re generated net income of 279.7 million euros ($311.8 million), a 20.1 percent increase over the 233.0 million euros ($260 million) reported for the same period last year. “The...
