Latest Japan Headlines
All the headlines from our Japan Topic Page, ordered by recency.
Best Places Canopius US Insurance Under Review
Dec 23 2013 // A.M. Best Co. has placed under review with developing implications the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Delaware-based Canopius US Insurance, Inc....
Tower Says Its Sale of Stake in Canopius Lessens Liquidity Concerns
Dec 18 2013 // Tower Group International Ltd. said that it has paid $70 million that was outstanding to its Bank of America credit facility using proceeds from the sale of a stake in Canopius Group Limited. Tower Group, Inc., a wholly...
Sompo Japan to Buy UK Insurer Canopius in Overseas Expansion Drive
Dec 18 2013 // Sompo Japan Insurance Inc., a unit of Japan’s third-largest casualty insurer group by market value, confirmed earlier reports that it will buy Canopius Group Ltd. of the U.K. for 99.2 billion yen ($963 million) as it...
Sompo Japan Considers Acquisition of U.K.’s Canopius Group
Dec 16 2013 // Sompo Japan Insurance Inc., a unit of Japan’s third-largest casualty insurer group by market value, is considering buying the U.K.’s Canopius Group Ltd. as it continues an overseas expansion. The acquisition is...
TPP Trade Pact Misses Deadline as More Talks Planned for January
Dec 10 2013 // Ministers negotiating the 12-nation Trans-Pacific Partnership trade pact said today they would miss a year-end deadline to complete the deal. “We identified potential landing zones for the majority of key outstanding...
Iran Oil Shipping Insurance Sanction Relief Not Likely Any Time Soon
Dec 2 2013 // A pledge by world powers to ease ship insurance sanctions on some Iranian oil exports is likely to take months to come into effect due to complex law and regulation and to insurers’ unease over providing cover. A...
Global Warming Pact Expected from Warsaw Talks
Nov 22 2013 // Envoys from 190 nations are close to agreeing upon the first building blocks for the next treaty aimed at fighting global warming, sketching the way to worldwide cuts in fossil-fuel emissions. The delegates, due to finish...
World Falling Behind in Race to Cut Carbon Emissions: Study
Nov 20 2013 // The world is getting further off track in limiting global warming with setbacks in Japan and Australia outweighing positive signals from the United States and China, a study showed on Wednesday. A Climate Action Tracker...
Much of Eastern Asia Underinsured for Weather As Risk, Values Rising
Nov 13 2013 // Insured losses from weather-related events in Eastern Asia amount to only about 10 percent of the $700 billion in total losses accumulated over the last three decades, according to an analysis by Munich Re. According to...
Japan Earmarks Additional $30B for Fukushima Clean-Up, Compensation
Nov 12 2013 // Japan’s government is finalising plans to borrow an additional 3 trillion yen ($30 billion) to pay for compensating Fukushima evacuees and cleaning up the area outside the wrecked nuclear plant, said people with...
ING to Speed up Reorganization after Revised Deal with EU
Nov 6 2013 // ING Groep NV, the biggest Dutch financial-services company, will complete its reorganization two years earlier than planned after winning regulators’ permission to combine its Japanese insurance unit with European...
U.S. Says Japan Signing Liability Pact Would Aid Nuclear Cleanup
Nov 4 2013 // Japan will receive international help with the cleanup at the Fukushima atomic station once it joins an existing treaty that defines liability for accidents at nuclear plants, U.S. Energy Secretary Ernest Moniz said. The...
Hartford Profit Up As Focus Shifts to P/C Insurance
Oct 29 2013 // Hartford Financial Services Group Inc.’s profit surged as the insurer focused on property/casualty coverage after divesting life and annuity units. The company gained in extended trading. Third-quarter net income...
Members of Aon Benfield’s Analytics Team Explain Cat Models
Oct 18 2013 // “Our remit at Aon Benfield Analytics is really to do the risk quantification part of reinsurance transactions,” said John Moore, the head of International Analytics operations. He’s responsible for...
At least 8 Killed as Typhoon Wipha Sideswipes Tokyo; Moves on
Oct 16 2013 // Eight people were killed and over 30 missing, with nearly 20,000 people ordered to evacuate and hundreds of flights cancelled as Typhoon Wipha pummeled the Tokyo region on Wednesday, leaving piles of wreckage on one small...
Typhoon WiphaThreatens Japan; Precautions at Fukushima Nuclear Plant
Oct 15 2013 // A once-in-a-decade typhoon threatened Japan on Tuesday, disrupting travel and shipping and forcing precautions to be taken at the wrecked Fukushima nuclear power plant. Typhoon Wipha is moving across the Pacific straight...
JC Flowers, Apollo to Bid on Hartford’s Japan Unit: Reuters
Oct 10 2013 // Private equity firms J.C. Flowers & Co and Apollo Global Management are among a handful of companies expected to bid for Hartford Financial Services Group Inc. ‘s Japanese annuity business, three people familiar...
Weakened Typhoon Danas in Korea Strait, Sea of Japan: AIR Worldwide
Oct 9 2013 // According to catastrophe modeling firm AIR Worldwide, after pounding Okinawa with the outer reaches of its 184 km/h [114 mph] winds Monday evening local time, Typhoon Danas has weakened to tropical storm strength and it is...
Magnitude 5.8 Earthquake Hits Japan’s Fukushima Prefecture-Kyodo
Sep 20 2013 // An earthquake with a preliminary magnitude of 5.8 struck Fukushima Prefecture in Japan early Friday morning, Kyodo reported, quoting the Japan Meteorological Agency. No tsunami warning has been issued, the news agency...
Powerful Typhoon Man-yi Downgraded after Lashing Japan
Sep 18 2013 // Crews were cleaning up wrecked houses and assessing damage Tuesday in the wake of a powerful typhoon that lashed Japan with torrential rains, leaving at least two people dead. Typhoon Man-yi weakened into a tropical storm...
