Latest Japan Headlines
All the headlines from our Japan Topic Page, ordered by recency.
Typhoon Chaba Hits Southern Japan
Aug 30 2004 // Typhoon Chaba, packing 130 mph (210 km/h) winds, struck the Southern Japanese Island of Kyushu earlier today, knocking out electrical power to some 300,000 homes, and causing 6000 people to be evacuated to higher ground,...
Japanese Insurers Settle Suit Against Fortress Re
Jul 16 2004 // Aioi Insurance Co., Sompo Japan Insurance Inc. and Taisei Reinsurance Co. have annouced that they have settled their damages suit against U.S. reinsurance agent Fortress Re Inc. over losses in connection with the Sept. 11,...
S&P Rates Tokio Marine (Singapore) ‘A+’
Jul 2 2004 // Standard & Poor’s Ratings Services announced that it has assigned its ‘A+’ long-term counterparty credit and insurer financial strength ratings to Tokio Marine & Fire Insurance Co. (Singapore)...
Best Withdraws Unum Japan’s ‘B++’ Ratings
Jun 14 2004 // A.M. Best Co. announced that it has withdrawn the financial strength rating of “B++” (Very Good) of Unum Japan Accident Insurance Co. Ltd. following the change in ownership to Hitachi Capital...
S&P Reports on Japan’s Non-life Insurers
May 28 2004 // Standard & Poor’s Ratings Services has issued a report on the unconsolidated financial results of Japan’s 10 major non-life insurers for fiscal 2003 (ended March 31, 2004), indicating that they are...
S&P Revises NIPPONKOA Outlook-Negative to Stable
Apr 27 2004 // Standard & Poor’s Ratings Services announced that it has revised the outlooks to stable from negative on its long-term counterparty credit and financial strength ratings on NIPPONKOA Insurance Co. Ltd....
A.M. Best Affirms The Nichido Fire and Marine Insurance Cos. ‘A+’ Rating
Apr 14 2004 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) of The Nichido Fire and Marine Insurance Company Ltd. of Japan and its reinsured affiliate, Nichido Insurance Company (Pacific)...
S&P Revises Sompo U.S. Outlook to Stable
Mar 31 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Sompo Japan Insurance Co. of America (SJA; A+/Stable/–) to stable from negative. S&P said the “outlook revision...
S&P Upgrades Outlook on 7 Japanese Insurers
Mar 24 2004 // Standard & Poor’s Ratings Services announced that it has revised the outlooks to stable from negative on its financial strength and long-term counterparty credit ratings on seven Japanese insurance...
Best Affirms Mitsui Sumitomo ‘A+’ Rating
Mar 19 2004 // A.M. Best Co. announced that it has affirmed the “A+” (Superior) financial strength rating of Japan’s Mitsui Sumitomo Insurance Company Ltd. with a stable outlook. “The rating reflects Mitsui...
Best Affirms ‘B++’ Rating of Fuji Fire & Marine
Mar 16 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of Japan’s Fuji Fire & Marine Insurance Company, Limited. Best also assigned a financial strength...
Best Affirms NIPPONKOA ‘A’ Rating
Feb 27 2004 // A.M. Best Co. has affirmed the A (Excellent) financial strength rating of NIPPONKOA Insurance Company Ltd (NIPPONKOA) (Japan). The rating outlook is stable. The rating reflects NIPPONKOA’s excellent business profile,...
Skandia Completes Sale of Japanese Operations to Millea
Feb 3 2004 // Skandia announced that the sale of its Japanese operations to Millea Holdings’ subsidiary, The Tokyo Marine & Fire Insurance Co. Ltd., has now been completed after receipt of the customary regulatory...
Holland’s Actuac, Japan’s IIC Partners Join Milliman Global
Jan 22 2004 // Seattle-based Milliman Global, an organization of independent, international consulting firms, announced that the Netherlands’ Actuac and Japan’s IIC Partners have joined its roster of international consulting...
Japanese Insurers Receive Fortress Re Payments
Jan 5 2004 // Three Japanese insurance companies have received at least part of the $1.12 arbitration award levied against Fortress Re (See IJ Website Dec, 23), a No. Carolina-based reinsurance company, which collapsed following Sept....
Swiss Re Receives Japan Branch License
Dec 29 2003 // Swiss Re announced that it has received a branch license from Japan’s Financial Services Agency, giving it permission to provide its reinsurance services locally, both in Property & Casualty and in Life &...
Millea to buy Skandia Japan Life Unit for $186 Million
Dec 24 2003 // Millea Holdings Inc., Japan’s largest general insurer, announced plans to acquire the Japanese life business of Sweden’s Skandia Insurance Co. for 20 billion yen ($186 million) in early 2004. “By...
S&P Comment on Japanese P/C 1st Half Results – Profitability Still in Question
Nov 26 2003 // Standard & Poor’s Ratings Services has issued a comment on the Japanese P/C sector, indicating that “a recovery in bottom-line profits recorded by all 10 major Japanese non-life insurers for the first half...
Big “I” Sees International Success with New Associate Member Status
Nov 4 2003 // The Independent Insurance Agents & Brokers of America announced that two Japanese brokers are the first international insurance professionals to join IIABA by taking advantage of its new “associate...
Strong Quake in Japan; Tidal Waves Feared
Sep 26 2003 // An earthquake measuring in excess of 8 on the Richter scale struck the Northern Japanese Island of Hokkaido early this morning, local time, causing property damage and injuring more than 230 people. The tremor and two...
