Latest Japan Headlines
All the headlines from our Japan Topic Page, ordered by recency.
Ratings Roundup: Toa Re, GeoVera, Argus Group
Jun 13 2014 // A.M. Best has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit ratings of “aa-” of The Toa Reinsurance Company Limited, based in Japan, and its subsidiary, The Toa...
Active Season for West Pacific: AccuWeather 2014 Typhoon Forecast
Jun 12 2014 // The AccuWeather Global Weather Center has issued a forecast for the 2014 West Pacific typhoon season, which anticipates “near-normal numbers.” The forecast also noted, however, that “the onset of El Niño...
Ratings Recap: Frankenmuth, Sooner, Tokio Marine America, Kingstone, Canopius U.S., HDI-Gerling America
May 28 2014 // A.M. Best has revised the outlook to stable from negative and affirmed the issuer credit ratings (ICR) of “a+” of Frankenmuth Mutual Insurance Company and its affiliates, Ansur America Insurance Company,...
Tsunami Debris Skiff Found On Washington Coast
May 23 2014 // More than three years after the tsunami hit Japan, evidence of the disaster continues to haunt the West Coast where residents know they also are vulnerable. A skiff that was once used by someone near Sendai washed ashore...
Report Cites Crops Most Vulnerable to El Nino
May 16 2014 // The El Nino weather phenomenon that is likely to strike this year will damage world maize, rice and wheat yields but boost soybeans, according to a study on Thursday that could help farmers plan what to grow. The...
RRJ, Temasek to Invest $1.8 Billion in ING Insurance Unit
May 1 2014 // RRJ Capital Ltd., run by Charles Ong, and his former employer Temasek Holdings Pte, have agreed to invest €1.28 billion ($1.8 billion) in ING Groep NV’s NN insurance business before the unit’s initial public...
Hartford to Sell Japan Operation to Orix in $895 Million Deal
Apr 28 2014 // Hartford Financial Services Group Inc. agreed to sell its Japanese operation to Orix Corp. as Chief Executive Officer Liam McGee narrows the U.S. insurer’s focus. Orix will pay about $895 million for the business,...
Divers Continue Search as South Korea Ferry Probe Turns to Cargo
Apr 24 2014 // Divers retrieved more bodies from a South Korean ferry that sank last week, as investigators turned their attention to whether the vessel had been carrying more cargo than it was designed to hold. The official death toll...
Sompo Japan, Nipponkoa Looking for Growth beyond Traditional Assets
Apr 17 2014 // Sompo Japan Insurance and Nipponkoa Insurance are already acting as one entity ahead of their merger in September. They’ve announced plans to invest “tens of billions of yen” in new areas such as energy,...
Auto Recalls On Rise Following Toyota-GM Cases
Apr 10 2014 // Recall first, ask questions later. After Toyota Motor Corp. and General Motors Co. — two of the largest carmakers — were criticized for dragging their feet before calling back defective models in recent years,...
IMF Sees Global Growth Gaining Along with Rising Risks in Emerging Economies
Apr 8 2014 // The International Monetary Fund on Tuesday predicted the global recovery would strengthen this year as output in richer nations picked up, but it warned of rising risks in emerging economies. In its latest global economic...
Scientists Warn: Prepare Now for Next Nuclear Plant Accident
Apr 6 2014 // Three major atomic accidents in 35 years are forcing the world’s nuclear industry to stop imagining it can prevent more catastrophes and to focus instead on how to contain them. Of the 176 new reactors planned across...
IPCC Japan Meeting Aims for ‘Comprehensive Assessment’ on Climate Change
Mar 25 2014 // The Intergovernmental Panel on Climate Change (IPCC) announced that government representatives and scientists opened a five-day meeting today, which aims to “finalize a report assessing the impacts of climate change...
Ratings Roundup: AIG Asia-Pacific, Fuji Fire/AIU
Feb 21 2014 // A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Singapore-based AIG Asia Pacific Insurance Pte. Ltd. (AIG APAC) and its fully-owned...
The ‘Switching’ Economy: Consumers Open to Buying Insurance from Google, Amazon, Verizon
Feb 7 2014 // New global research finds that as many as two-thirds (67 percent) of insurance customers would consider purchasing insurance products from organizations other than insurers, including 23 percent who would consider buying...
Hartford Catastrophe Costs Fall, 4Q Profit Rises to $314M
Feb 4 2014 // Hartford Financial Services Group Inc., now focusing on property/casualty coverage, posted a profit in the fourth quarter as catastrophe costs fell. Net income was $314 million, or 65 cents a share, compared with a loss of...
Aon Releases Terrorism, Political Violence Map; Retail, Transport Most at Risk
Jan 29 2014 // Aon Risk Solutions, the global risk management business of Aon plc, has released its 2014 Terrorism and Political Violence Map to help organizations assess risk levels of terrorism and political violence across the globe....
Insurance Leaders from India, Japan to Speak at Iowa Symposium
Jan 26 2014 // Keynote speakers at a global insurance symposium scheduled for May in Des Moines, Iowa, will include high ranking insurance officials from Japan and India. Gov. Terry Branstad says Japan’s Vice Commissioner Masamichi...
Japan Oil Buyers to Return to Private Insurance for Iran Imports
Jan 17 2014 // Japanese crude buyers are set to switch back to private insurance providers for transportation of Iranian oil, after relief from some EU sanctions goes into effect next week, industry and government sources said. Under the...
Tepco Rebuilding Plan Approved
Jan 15 2014 // Tokyo Electric Power Co. won the support of the government and banks for a plan to rebuild its business, the latest step in the recovery from the nuclear disaster three years ago that almost destroyed the company. The...
