Latest Japan Headlines
All the headlines from our Japan Topic Page, ordered by recency.
Japanese Insurers Eye More Acquisitions in U.S.
Jul 17 2015 // Japanese insurers including MS&AD Insurance Group Holdings Inc. and Sompo Japan Nipponkoa Insurance Inc. are seeking mergers with peers in the United States, as a declining population at home forces them to pursue...
Typhoon Nangka Continues on Course towards Japan: AIR Analysis
Jul 15 2015 // Catastrophe modeling firm AIR Worldwide has released an analysis of Typhoon Nangka, which is currently a Category 3 storm “with a central pressure of 950 mb and maximum 10-minute sustained wind speeds of 80 knots...
With HCC Holdings Buy, Tokio Marine Enhances Already Top Commercial Lines Performance
Jun 17 2015 // Tokio Marine Holdings Inc. is using debt to expand a U.S. insurance business that’s beaten even Berkshire Hathaway Inc. for policy growth. The Japanese insurer, which is taking over Houston-based HCC Insurance...
Tokio Marine to Buy HCC for $7.5B in Biggest Ever Deal by Japanese Insurer
Jun 10 2015 // Tokio Marine Holdings Inc. agreed to buy HCC Insurance Holdings Inc. for about $7.5 billion in the biggest acquisition by a Japanese insurer, stepping up an overseas expansion to counter stagnation at home. Tokio Marine...
Toyota, Nissan, Honda Expand Global Recall Due to Faulty Takata Air Bags
May 13 2015 // Japan’s three biggest carmakers said on Wednesday they would expand a huge global recall triggered by potentially fatal air bags made by Takata Corp., saying they were taking back millions of vehicles worldwide for...
Hannover Re’s Q1 Net Income Increases 20.1% to $311.8 Million
May 6 2015 // During the first quarter, Hannover Re generated net income of 279.7 million euros ($311.8 million), a 20.1 percent increase over the 233.0 million euros ($260 million) reported for the same period last year. “The...
SCOR Global P&C Posts 5.8% Premium Increase for April Renewals
Apr 29 2015 // French reinsurer SCOR reported that the April renewals saw SCOR Global P&C’s gross written premiums increased by 5.8 percent from €374 million [$411 million] to €396 million [$436 million], at constant...
Obama, Insurers Welcome Bipartisan Trade Authority Measure
Apr 17 2015 // The White House would get its desired clarity of authority to negotiate a Pacific trade agreement while lawmakers would get the right to set negotiating parameters and to have a yes-or-no-vote on such pacts under a...
2014 Insured Cat Losses below Average at $35 Bn: Swiss Re Sigma Report
Mar 25 2015 // Swiss Re has just released its sigma report on catastrophe losses for 2014, which confirms that total global economic losses from natural catastrophes and man-made disasters were around $110 billion, compared to global...
RMS Study Shows Significant Tsunami Risk in Caribbean, Mediterranean
Mar 12 2015 // RMS, the catastrophe risk management firm, has released a global tsunami risk study that identifies more than 20 subduction zones worldwide capable of generating a giant earthquake and tsunami – similar in scale to...
SCOR Welcomes Sompo Japan Nippokoa Share Purchase; No Changes Seen
Mar 6 2015 // In a brief announcement French reinsurer SCOR acknowledged that it has been “informed of the signing of a purchase agreement by Sompo Japan Nipponkoa Holdings, Inc.” The Japanese insurer is acquiring the...
Sompo Japan Nipponkoa Plans to Buy 15% Stake in French Reinsurer SCOR
Mar 6 2015 // Sompo Japan Nipponkoa Holdings Inc. will buy a 15 percent stake in French reinsurer SCOR SE in potentially its biggest investment abroad amid diminishing opportunities for growth at home. The insurer will initially buy 7.8...
XL Group Appoints New Country Managers for Singapore and Japan
Feb 11 2015 // XL Group announced it has appointed Robin Johnson as country manager for Singapore with responsibility for continuing to drive the growth of the group’s insurance business in the region. Johnson, whose industry...
Chinese Insurers’ Hunt for Trophy Properties Boosts NYC, London Prices
Jan 20 2015 // What do New York’s most famous hotel, the Lloyd’s of London building and the headquarters of the U.K.’s top law firm have in common? They’re all owned by Chinese insurers. This new breed of buyers,...
Auto Parts Suppliers Under Pressure Following Recalls
Jan 19 2015 // Auto-parts suppliers are feeling the pressure as car companies move to raise quality standards after a record year for U.S. vehicle recalls in 2014. In Japan, parts makers that sell to automakers worldwide say...
Honda, Nissan Widen Air-Bag Recalls Following Rupture in Japan Scrapyard
Dec 11 2014 // Honda Motor Co. and Nissan Motor Co. followed Toyota Motor Corp. in widening global air-bag recalls after one of the devices made by Takata Corp. ruptured in a junked car at a Japan scrapyard. Honda will recall about...
Japan Weather Bureau Declares First El Nino in Five Years
Dec 10 2014 // Japan Weather Bureau Declares First El Nino in Five Years Japan’s weather bureau said on Wednesday that an El Nino weather pattern, which can trigger drought in some parts of the world while causing flooding in...
Air Bag Update: Toyota to Recall 190,000 More Vehicles, Mostly in Japan
Dec 4 2014 // Toyota Motor Corp. said on Thursday it would call back 190,000 more vehicles, mostly in Japan, to replace potentially defective air bags made by Takata Corp., the latest in a long line of recalls for the embattled auto...
Willis Re Unveils New Japan Tsunami Model
Dec 3 2014 // Willis Re, the reinsurance division of Willis Group Holdings, the risk adviser, insurance and reinsurance broker, has released a new Japan Tsunami Model to advance the industry’s understanding of catastrophic tsunami...
Japan Transport Ministry Weighs Additional Air Bag Recalls
Dec 2 2014 // Japan’s investigation into dangerous air bags is leading to a remote scrapyard in the central Gifu prefecture, where the explosion of a car model not included in current recalls suggests automakers may have to yet...
