Latest Japan Headlines
All the headlines from our Japan Topic Page, ordered by recency.
SCOR Global P&C Posts 5.8% Premium Increase for April Renewals
Apr 29 2015 // French reinsurer SCOR reported that the April renewals saw SCOR Global P&C’s gross written premiums increased by 5.8 percent from €374 million [$411 million] to €396 million [$436 million], at constant...
Obama, Insurers Welcome Bipartisan Trade Authority Measure
Apr 17 2015 // The White House would get its desired clarity of authority to negotiate a Pacific trade agreement while lawmakers would get the right to set negotiating parameters and to have a yes-or-no-vote on such pacts under a...
2014 Insured Cat Losses below Average at $35 Bn: Swiss Re Sigma Report
Mar 25 2015 // Swiss Re has just released its sigma report on catastrophe losses for 2014, which confirms that total global economic losses from natural catastrophes and man-made disasters were around $110 billion, compared to global...
RMS Study Shows Significant Tsunami Risk in Caribbean, Mediterranean
Mar 12 2015 // RMS, the catastrophe risk management firm, has released a global tsunami risk study that identifies more than 20 subduction zones worldwide capable of generating a giant earthquake and tsunami – similar in scale to...
SCOR Welcomes Sompo Japan Nippokoa Share Purchase; No Changes Seen
Mar 6 2015 // In a brief announcement French reinsurer SCOR acknowledged that it has been “informed of the signing of a purchase agreement by Sompo Japan Nipponkoa Holdings, Inc.” The Japanese insurer is acquiring the...
Sompo Japan Nipponkoa Plans to Buy 15% Stake in French Reinsurer SCOR
Mar 6 2015 // Sompo Japan Nipponkoa Holdings Inc. will buy a 15 percent stake in French reinsurer SCOR SE in potentially its biggest investment abroad amid diminishing opportunities for growth at home. The insurer will initially buy 7.8...
XL Group Appoints New Country Managers for Singapore and Japan
Feb 11 2015 // XL Group announced it has appointed Robin Johnson as country manager for Singapore with responsibility for continuing to drive the growth of the group’s insurance business in the region. Johnson, whose industry...
Chinese Insurers’ Hunt for Trophy Properties Boosts NYC, London Prices
Jan 20 2015 // What do New York’s most famous hotel, the Lloyd’s of London building and the headquarters of the U.K.’s top law firm have in common? They’re all owned by Chinese insurers. This new breed of buyers,...
Auto Parts Suppliers Under Pressure Following Recalls
Jan 19 2015 // Auto-parts suppliers are feeling the pressure as car companies move to raise quality standards after a record year for U.S. vehicle recalls in 2014. In Japan, parts makers that sell to automakers worldwide say...
Honda, Nissan Widen Air-Bag Recalls Following Rupture in Japan Scrapyard
Dec 11 2014 // Honda Motor Co. and Nissan Motor Co. followed Toyota Motor Corp. in widening global air-bag recalls after one of the devices made by Takata Corp. ruptured in a junked car at a Japan scrapyard. Honda will recall about...
Japan Weather Bureau Declares First El Nino in Five Years
Dec 10 2014 // Japan Weather Bureau Declares First El Nino in Five Years Japan’s weather bureau said on Wednesday that an El Nino weather pattern, which can trigger drought in some parts of the world while causing flooding in...
Air Bag Update: Toyota to Recall 190,000 More Vehicles, Mostly in Japan
Dec 4 2014 // Toyota Motor Corp. said on Thursday it would call back 190,000 more vehicles, mostly in Japan, to replace potentially defective air bags made by Takata Corp., the latest in a long line of recalls for the embattled auto...
Willis Re Unveils New Japan Tsunami Model
Dec 3 2014 // Willis Re, the reinsurance division of Willis Group Holdings, the risk adviser, insurance and reinsurance broker, has released a new Japan Tsunami Model to advance the industry’s understanding of catastrophic tsunami...
Japan Transport Ministry Weighs Additional Air Bag Recalls
Dec 2 2014 // Japan’s investigation into dangerous air bags is leading to a remote scrapyard in the central Gifu prefecture, where the explosion of a car model not included in current recalls suggests automakers may have to yet...
Japan Assesses Damage from Earthquake in Olympics Site Region
Nov 26 2014 // The damage from an overnight earthquake in a mountainous area of central Japan that hosted the 1998 winter Olympics proved more extensive than initially thought. A daylight assessment Sunday found at least 50 homes...
Honda Admits Not Reporting U.S. Claims; Could Face Record Fine
Nov 25 2014 // Honda Motor Co. said it failed to report more than 1,700 claims of injury or death involving its cars to U.S. regulators, a violation that would be one of the biggest in history and could lead to a fine of $35 million. In...
Noguchi Appointed Managing Director – Willis Re Japan KK
Nov 18 2014 // Willis Re, the reinsurance division of Willis Group Holdings, plc, announced the appointment of Tsuyoshi Noguchi as Managing Director for Willis Re Japan KK, effective December 1, 2014. He is based in Willis Re’s...
Honda Widens Recall of Takata Air Bags by Another 170,000 Vehicles
Nov 13 2014 // Honda Motor Co said on Thursday that a driver in Malaysia died in July after being hit by shrapnel from an air bag supplied by Takata Corp – the fifth such fatality and the first outside the United States. The...
Global Insurers to Bid for Insurance, Pension Units of Halkbank in Turkey
Nov 12 2014 // Insurers from Europe, Asia and the United States are among some 20 potential bidders in the sale by Turkey’s state-run Halkbank of its pension and insurance arms, three sources close to the process said on...
Judge: Sailors Can Sue California Company Over Fukushima Exposure
Oct 30 2014 // U.S. Navy personnel who were exposed to radiation from Japan’s wrecked Fukushima plant during earthquake and tsunami relief efforts in 2011 can sue the power station’s operator in California, a court...
