Latest Japan Headlines
All the headlines from our Japan Topic Page, ordered by recency.
Tokio Marine Management Rebrands as Tokio Marine America
Sep 26 2016 // Tokio Marine Management Inc. (TMM), a commercial property/casualty insurer for large- and middle-market companies and a U.S. subsidiary of Tokio Marine Holdings in Japan, is rebranding as Tokio Marine America (TMA). The...
Typhoon Lionrock Makes Landfall in Japan, Bringing Landslides, Floods & Deaths
Aug 31 2016 // With strong winds, drenching rain, high surf, and coastal flooding, Typhoon Lionrock made landfall in the Tohoku region of Japan Tuesday evening local time, near the city of Ofunato in Iwate Prefecture, according to an...
Tokio Marine in Talks to Acquire RHB’s Non-Life Insurance Unit: Sources
Aug 30 2016 // Tokio Marine Holdings Inc, is in exclusive talks to buy RHB Bank’s general insurance unit in a deal that also includes an agreement to distribute the Japanese insurer’s products through the Malaysian lender,...
Typhoon Lionrock Expected to Hit Japan’s Tohoku Region, Site of 2011 Tsunami
Aug 29 2016 // Typhoon Lionrock is projected to make landfall in Japan Tuesday and is likely to strike the northern Tohoku region, the area devastated by the March 2011 earthquake and tsunami. It would be the first tropical cyclone to...
Typhoon Mindulle Batters Tokyo, Bringing Risk of Floods and Landslides
Aug 22 2016 // Tokyo was pummeled by rain and winds as Mindulle became the first typhoon to make landfall near the metropolitan region in 11 years on Monday, bringing the risk of floods and landslides. The typhoon’s center was...
Sompo Canopius Names Catlin’s Newman as CEO of APAC & MENA
Aug 18 2016 // Sompo Canopius has appointed Mark Newman as chief executive officer Sompo Canopius Asia Pacific, Middle East and North Africa. He is based in the Singapore office, reporting to Mike Duffy, chief underwriting...
Ports in Japan, China and U.S. Face Highest Risk from Natural Catastrophes: RMS
Aug 8 2016 // Ports in Japan, China and the U.S. face the greatest financial risk from natural disasters because of their vulnerable locations and increasing cargo volumes, a risk-management firm said. Nagoya, Japan, leads all ports...
So. Africa’s Discovery Enters Japan Market with Sumitomo & SoftBank Partnership
Jul 21 2016 // Discovery Ltd., South Africa’s third-largest insurer by market value, said it has set up a partnership with Japan’s Sumitomo Life Insurance Co. and SoftBank Group Corp. to develop and introduce products for the...
Global Insured Losses Hit $30B in 1H 2016, 30% of Economic Losses: Aon Benfield
Jul 21 2016 // Preliminary global economic losses reached US$98 billion during the first half of 2016, while global insured losses hit US$30 billion – their highest levels since 2011, according to Impact Forecasting, Aon...
Negative Interest Rates Described as ‘Dirt Sandwich’ for Insurers, Asset Managers
Jul 14 2016 // Central bankers globally need to realize the risks that extreme monetary policies will backfire, according to Voya Financial Inc.’s Karyn Cavanaugh. “Negative rates are turning out to be a dirt sandwich,...
Storms & Earthquakes Drive Up Insured Losses in 1H 2016: Munich Re
Jul 13 2016 // Economic losses caused by natural catastrophes in the first half of 2016 totaled US$70 billion, a significant increase from the $59 billion reported for the first half of last year, according to a loss review issued by...
Swiss Re Appoints Arora as Global Head of Casualty
Jun 20 2016 // 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...
How Autonomous Car Sales Will Accelerate in Next Two Decades
Jun 20 2016 // Global sales of autonomous vehicles will reach nearly 21 million vehicles by 2035, a substantial increase from previous estimates, according to a forecast from auto industry information firm IHS Automotive. Roughly 600,000...
Winners of 1st Innovation in Insurance Awards Are ‘Change Leaders’
Jun 13 2016 // The winners of the first annual Innovation in Insurance awards include Allianz, AXA, Europ Assistance, MS&AD Insurance, and USAA. The program, jointly launched by Efma and Accenture, seeks to reward and foster...
Here’s How Autonomous Car Sales Will Accelerate in Next Two Decades
Jun 9 2016 // Global sales of autonomous vehicles will reach nearly 21 million vehicles by 2035, a substantial increase from previous estimates, according to a forecast from the automobile industry information firm IHS Automotive. By...
Sompo Launches Model to Evaluate Wind Farm Risks
May 31 2016 // The Sompo group companies have launched a model for evaluating risks to onshore and offshore wind farms. The model, which provides key pricing and cat modeling data for insuring the construction and operation of wind...
Natural Disaster Losses Hit Five-Year High in April: Aon Catastrophe Report
May 5 2016 // The global economy suffered the worst April natural disaster losses for five years, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. Earthquakes, convective storms and flooding...
Japanese Insurers Expected to Continue U.S. Spending Spree: Investment Bankers
May 4 2016 // 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...
Mitsubishi Motors Faces Uncertain Future as Fuel Test Scandal Deepens
Apr 27 2016 // For the second time in about a decade, Mitsubishi Motors Corp. faces a scandal that poses an existential threat. The Japanese automaker has improperly tested the fuel economy of its cars for the past quarter century,...
Japan Aims to Beef up Nuke Safety Check Competency After Bad Review
Apr 26 2016 // Japanese nuclear regulators said Monday they will revise laws, nearly double inspection staff and send some inspectors to the U.S. for training to address deficiencies cited by the International Atomic Energy Agency. The...
