Latest Japan Headlines
All the headlines from our Japan Topic Page, ordered by recency.
Economic Property Damages of Japan Earthquakes to Cost $2.5B-$3.5B: RMS
Apr 25 2016 // RMS, the Newark, Calif.-based catastrophe risk management firm, estimated that economic property damage for both the April 15 moment magnitude (Mw) 7.0 earthquake and April 14 Mw6.4 earthquake in Japan’s Kumamoto...
SCOR Increases P&C GWP Levels by 4.7% During April Renewals; Profits on Target
Apr 22 2016 // SCOR Global P&C increased gross written premiums by 4.7 percent at the recent April renewals, based on constant exchange rates, with total premiums rising from €420 million ($474.7 million) to €440 million ($497.3...
Japanese Earthquakes Could Cost Insurers $2.9 Billion: AIR Worldwide
Apr 21 2016 // 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...
Global Financial Leaders Warn About Dangers of Negative Interest Rates
Apr 20 2016 // 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...
Death Toll Rises from Japanese Earthquakes; Supply Chain Disruptions Examined
Apr 18 2016 // 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...
Sony’s Camera Chip Factory Halts Production After Japan Temblor; AIR Comments
Apr 15 2016 // The earthquake in southern Japan that killed nine people, damaged buildings and derailed a bullet train also halted production at a Sony Corp. camera-chip factory, a key part of the global smartphone supply chain. The...
Sompo Japan in Talks to Sell Insurance in Malaysia via CIMB Branches: Sources
Apr 13 2016 // Sompo Japan Nipponkoa Holdings Inc. is nearing an agreement with CIMB Group Holdings Bhd. to distribute general insurance products through the Malaysian lender’s branches across Asia, people with knowledge of the...
Japan Opens Door to ‘Fintech’ Revolution with Plans to Ease Investment Rules
Mar 29 2016 // A laggard in embracing the ‘fintech’, or financial technology, revolution, Japan is set to ease investment restrictions that could free up the flow of capital in an economy sitting on an estimated $9 trillion...
P&I Clubs Plug Shortfall in Iran Oil Cover; US Reinsurers Still Barred by Sanctions
Mar 23 2016 // Ship insurers have stepped in to help plug a shortfall in cover for transporting Iranian oil resulting from the fact that U.S. reinsurers are still restrained by Washington’s sanctions, according to officials...
5 Governments Write to China, Expressing Concern over New & Draft Laws
Mar 1 2016 // The United States, Canada, Germany, Japan and the European Union have written to China to express concern over three new or planned laws, including one on counterterrorism, in a rare joint bid to pressure Beijing into...
World’s Top 10 Insurers Ranked by Premium, Assets
Jan 4 2016 // The world’s largest insurer as measured by 2014 net premiums written is UnitedHealth Group Inc., according to a ranking by A.M. Best of the world’s largest insurance companies. France’s AXA S.A. kept its...
Europe’s Banks Increased Infrastructure Investments Erodes Insurers’ Returns
Dec 22 2015 // The return of banks into the European infrastructure market is denting insurers’ ability to enhance their investment returns by funding the roads, bridges and wind farms of tomorrow. European politicians have...
Milliman Report on Europe, Japan, Asia Insurers Sees Increased Embedded Value
Dec 21 2015 // 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...
Sompo Japan Canopius Re Gets ‘A’ Rating; to Begin Writing Business on Jan. 1
Nov 30 2015 // A.M. Best has assigned a financial strength rating of A (Excellent) and an issuer credit rating of “a+” to Sompo Japan Canopius Reinsurance AG, a wholly owned subsidiary of Canopius Group AG. The outlook...
ACE Appoints Leadership Team for Chubb’s Far East Region
Nov 24 2015 // ACE Ltd. announced the leadership team it intends to appoint for the Far East region of the new Chubb Group’s Overseas General Insurance division, which includes Japan. The leadership appointments will take effect...
ACE Names Future Leadership Team for Overseas General Insurance Operations
Nov 23 2015 // ACE Ltd. announced the senior leadership team it intends to appoint for the new Chubb Group’s Overseas General Insurance division. This division comprises two major businesses: one with distribution through retail...
Toyota $1B Research Labs Near Stanford, MIT to Develop Autonomous Vehicles
Nov 6 2015 // Toyota Motor Corp. is spending $1 billion to form a research institute focused on the artificial intelligence and robotics technology it needs to make cars that can overcome driver errors and reduce traffic...
Japan Post’s IPO Raises $12B in Country’s Biggest Privatization Since 1987
Nov 4 2015 // Japan Post Holdings and its two financial units burst out of the gate with gains of 16 to 33 percent on debut on Wednesday, after the government raised $12 billion from the triple IPO in Japan’s biggest privatization...
ACE Expands Political Risk & Credit Division to Japan; Takagi Named as Manager
Nov 2 2015 // ACE Group has expanded its political risk and credit division to Japan, as it continues to build its presence and capabilities in this risk area. Japan was the world’s fourth largest exporting country in 2014. With...
West Coast Towns Vulnerable to Tsunamis Consider Ways to Save Lives
Oct 28 2015 // Bracing for a tsunami like the one that devastated Japanese communities during a 2011 mega-earthquake, coastal communities from British Columbia to California have been grappling with how to protect people from a similar...
