Japan News

Swiss Re Appoints Arora as Global Head of Casualty

Swiss Re has appointed Steve Arora as its new global head of Casualty. In this capacity he will also be joining the Reinsurance Executive Committee. Arora, currently head of Japan, will move with his wife and three children to Zurich …

Japanese Insurers Expected to Continue U.S. Spending Spree: Investment Bankers

Japanese insurers made more than $18 billion worth of acquisitions in the U.S. last year, and their spending spree isn’t over yet, industry dealmakers said on Tuesday. Japan has a number of large, healthy insurers facing dim growth prospects at …

Japanese Earthquakes Could Cost Insurers $2.9 Billion: AIR Worldwide

An earthquake that struck southern Japan on April 16 will probably cost insurers as much as 320 billion yen ($2.9 billion), according to catastrophe modeler AIR Worldwide. The cost might be as low as 180 billion yen, the company said …

Global Financial Leaders Warn About Dangers of Negative Interest Rates

The chorus of global financial leaders warning about the fallout from negative interest rates is getting bigger. Nobuyuki Hirano, president of Mitsubishi UFJ Financial Group Inc., lambasted the Bank of Japan’s negative rates last week for putting banking stability at …

Death Toll Rises from Japanese Earthquakes; Supply Chain Disruptions Examined

The death toll from earthquakes that struck southern Japan rose to 42 and the economic impact began to reverberate Monday as companies surveyed damage and the potential effects on production from supply-chain disruptions. The quakes that struck the island of …

Milliman Report on Europe, Japan, Asia Insurers Sees Increased Embedded Value

Global consulting and actuarial firm Milliman, Inc. has announced the availability of two new reports detailing embedded value (EV) results for 32 major insurance companies in Europe and Japan and 14 major insurance companies operating in Asia. The reports examine …

Japan Post’s IPO Fully Subscribed After Two Days; at Least $10B to Be Raised

Japan’s government received orders for all the shares it’s offering in Japan Post Holdings Co. and its banking and insurance units after the first two days of bookbuilding, people with knowledge of the matter said. Investor orders through Oct. 9 …

Japan Post’s IPO Listings – Which Include Insurer Unit – Could Raise Nearly $12B

State-owned Japan Post on Wednesday set indicative price ranges for a trio of initial public offerings in what it hopes to make a ‘must-have’, $12 billion privatization, Japan’s biggest in three decades. In IPOs set for Nov. 4 squarely targeted …

Dujuan Strengthens; Threatens Ryukyu’s, Japan,Taiwan, China: AccuWeather

AccuWeather has reported that Tropical Storm Dujuan is on track to strengthen into a powerful typhoon with Japan’s Ryukyu Islands in its path and mainland Japan, Taiwan and eastern China on alert for potential impacts. “Dujuan has been steadily strengthening …

Typhoon Goni Makes Landfall on Japan, Causing Injuries, Evacuations

Typhoon Goni made landfall on Japan’s southernmost main island of Kyushu, causing injuries and prompting evacuation orders. Cancellations of airline and train service affected thousands of people. Goni, which had been the strength of a category 3 hurricane, came ashore in …