Guy Carpenter, the reinsurance arm of Marsh Inc. has just issued a comprehensive 64 page study of the state and prospects for the property/casualty reinsurance market in the year 2000. The report sees an industry in transition with continuing major …
Japan’s largest non-life insurer, Tokio Marine & Fire Insurance Co., is reported by Reuters News Agency to be in the last stages of talks with Asahi Mutual Life Insurance to join their companies to create one of Japan’s largest composite …
Extremely heavy rains caused by Typhoon Saomai hit central Japan, causing widespread destruction and four deaths. A record 9.3 cms. (more than 3 1/ inches) fell in an hour, paralyzing transport and forcing thousands to flee their homes as floods …
The famous AFLAC duck may soon be flying higher in the Japanese insurance market, as the company announced an impending alliance with Dai-Ichi Mutual, the country’s second largest life insurer. AFLAC has been in Japan since 1974, and has developed …
Venezuela joined the growing list of countries demanding the recall of allegedly defective tires made by Bridgestone-Firestone, and used primarily on Ford sport utility vehicles, with the announcement that the company would recall 62,000 tires made in its Venezuelan plant. …
Officials of Japan’s Financial Services Agency ordered the closure of Taisho Life Insurance Company on Monday after Yoshihiko Kokura, the chairman of its principal shareholder, Claremont Capital Holdings Inc., was arrested for fraud. Taisho, the smallest of Japan’s 17 major …
In what would be a first ever alliance, Japan’s second largest life insurer, Dai-Ichi Mutual Life Insurance, and leading p/c insurer, Yasuda Fire & Marine Insurance Co., have reportedly agreed to combine operations in what would become one of Japan’s …
A report by the Associated Press reveals increasing concern in Japan that “a big one” may occur at any time, and could reach or exceed the level of the 1923 earthquake which killed over 100,000 people in Tokyo and left …
Max Taylor, the current chairman of Lloyd’s, will be leaving the position he has held for the past three years when his term is up in December 2000. The Council of Lloyd’s also announced that starting in 2001, the role …
Max Taylor, the current chairman of Lloyd’s, will be leaving the position he has held for the past three years when his term is up in December 2000. The Council of Lloyd’s also announced that starting in 2001, the role …
