Latest Japan Headlines
All the headlines from our Japan Topic Page, ordered by recency.
Meiji, Yasuda Advance Merger Date, Plan Tie-Up with Nipponkoa
Oct 18 2002 // Meiji Life Ins. Co, Japan’s third largest life insurer, and Yasuda Mutual Life Ins. Co, the sixth largest, announced that they will advance the April 2004 date for their planned merger to January 2004. According to a...
The State of the Surplus Lines Market with Michael J. Hall
Sep 30 2002 // Insurance Journal publisher Mark Wells recently spoke with Michael J. Hall, chairman of M.J. Hall & Company Inc. and president of Golden Bear Insurance Company, both headquartered out of Stockton, Calif. Hall shared...
Yasuda/Nissan Merger Creates Japan’s 2nd Largest P/C Insurer
Jul 1 2002 // Yasuda Fire & Marine Insurance Co. and Nissan Fire & Marine Insurance Co. have completed their merger, creating Sompo Japan Insurance Inc.the country’s second largest p/c insurer after Millea Holdings Inc.,...
RMS Provides Japan Earthquake Risk Analysis to Nissay Dowa, Swiss Re
May 31 2002 // Newark, California-based Risk Management Solutions (RMS) announced that it has provided the risk analysis to Nissay Dowa General Insurance Co., Ltd. and its counterparty, Swiss Re in support of the Fujiyama Ltd. $70...
S&P Maintains Negative Outlook on Japan’s P/C Insurers
May 23 2002 // Standard & Poor’s announced that its outlook on Japan’s non-life insurance industry remains negative following the release this week of insurers’ financial results for fiscal 2001. “Earnings...
Catastrophe Modeling-Feeding the Risk Transfer Food Chain
Feb 25 2002 // The increasingly sophisticated business of constructing catastrophe models is driven by three main imperatives: what are the chances of a given event happening; what are the upper and lower limits of a catastrophic...
Catastrophe Modeling-Feeding the Risk Transfer Food Chain
Feb 25 2002 // The increasingly sophisticated business of constructing catastrophe models is driven by three main imperatives: what are the chances of a given event happening; what are the upper and lower limits of a catastrophic...
Fuji Fire to Receive $256 Million from AIG, Orix
Feb 22 2002 // Japan’s ailing Fuji Fire & Marine Insurance Ltd. has reached an agreement with American International Group, and Orix Corp., Japan’s largest leasing company, to provide additional capital of 34.4 billion...
AIR Releases New Earthquake, Typhoon Models for Japan, Australia
Feb 5 2002 // Boston-based Applied Insurance Research, Inc. (AIR), a leading catastrophe modeling firm, has released the 2002 versions of its earthquake and typhoon models for the Asia-Pacific region, in time for the April 1st renewals...
SCOR Launches Multi-Continental CAT Bond with RMS Technical Help
Jan 28 2002 // On Jan. 3, French reinsurer SCOR Group launched the second installment of its innovative Atlas Re catastrophe bond, with technical analysis and parameters provided by Newark, Calif.-based Risk Management Solutions (RMS)...
S&P Says Japanese Banks, Insurers Are Within Tolerance Levels
Aug 28 2001 // Standard & Poor’s addressed the recent weakness in the Japanese stock market, stating that “the current level of Japanese stock prices is within the tolerance of its counterparty ratings on Japanese banks...
RMS Adds Japanese, German Data to Weather Risk Management System
Aug 23 2001 // Risk Management Solutions announced that its Climetrix (TM) weather derivatives trading and risk management system now includes relevant temperature data from Germany and Japan, two expanding markets for weather derivative...
Nissan Fire and Marine Affirmed
Aug 13 2001 // A.M. Best Co. affirmed the FSR of “A” for The Nissan Fire and Marine Insurance Company Ltd., Tokyo, and its U.S. branch in New York. The company has been assigned a financial size category of...
Swiss Re, Tokio Marine Conclude $450 Million
Jul 13 2001 // Tokio Marine & Fire Ins. Co, Japan’s largest p/c insurer, and global giant Swiss Re announced that they “have arranged a USD 450 million cat risk swap to cover losses from three natural perils.” The...
AFLAC Duck Debuts in Japan
Jul 5 2001 // AFLAC, the leading writer of worksite supplemental insurance, has brought its celebrated duck to Japan with the launch on July 2nd of a national advertising campaign featuring the feathered quacker. The company hopes...
Japanese Insurer Offers World Cup Coverage
May 28 2001 // Soccer football’s World Cup, scheduled to take place in Japan and Korea next year, is arguably the world’s biggest sporting event, but unfortunately unruly soccer fans, dubbed “hooligans” after...
Tokio Marine Bucks Japan’s Economic Slump With 41 % Profit Increase
May 21 2001 // Tokio Marine & Fire Insurance Co. Ltd. reported that net profits grew 41 percent to 43.14 billion yen ($352 million) for the period March 2000/2001, despite the continuing economic slump affecting the Japanese...
HAWAII GREENLIGHTS CAPTIVE
May 21 2001 // Hawaii Governor Benjamin Cayetan approved the recent incorporation and licensure of Heiwa Insurance Inc., the state’s first captive insurance company which is directly owned by a Japanese corporation and insures...
Hawaii Licenses Japanese Company
May 2 2001 // Hawaii Governor Benjamin Cayetan gave his okay to the recent incorporation and licensure of Heiwa Insurance Inc., the state’s first captive insurance company which is directly owned by a Japanese corporation and...
Prudential Completes Takeover of Kyoei Life
Apr 24 2001 // Prudential Insurance Co. of America announced that, following the recent approvals by the Tokyo District Court, it had completed its rescue plan for the insolvent Japanese insurer Kyoei Life Insurance Co. Ltd. and would...
