Latest Japan Headlines
All the headlines from our Japan Topic Page, ordered by recency.
The ‘Switching’ Economy: Consumers Open to Buying Insurance from Google, Amazon, Verizon
Feb 7 2014 // New global research finds that as many as two-thirds (67 percent) of insurance customers would consider purchasing insurance products from organizations other than insurers, including 23 percent who would consider buying...
Hartford Catastrophe Costs Fall, 4Q Profit Rises to $314M
Feb 4 2014 // Hartford Financial Services Group Inc., now focusing on property/casualty coverage, posted a profit in the fourth quarter as catastrophe costs fell. Net income was $314 million, or 65 cents a share, compared with a loss of...
Aon Releases Terrorism, Political Violence Map; Retail, Transport Most at Risk
Jan 29 2014 // Aon Risk Solutions, the global risk management business of Aon plc, has released its 2014 Terrorism and Political Violence Map to help organizations assess risk levels of terrorism and political violence across the globe....
Insurance Leaders from India, Japan to Speak at Iowa Symposium
Jan 26 2014 // Keynote speakers at a global insurance symposium scheduled for May in Des Moines, Iowa, will include high ranking insurance officials from Japan and India. Gov. Terry Branstad says Japan’s Vice Commissioner Masamichi...
Japan Oil Buyers to Return to Private Insurance for Iran Imports
Jan 17 2014 // Japanese crude buyers are set to switch back to private insurance providers for transportation of Iranian oil, after relief from some EU sanctions goes into effect next week, industry and government sources said. Under the...
Tepco Rebuilding Plan Approved
Jan 15 2014 // Tokyo Electric Power Co. won the support of the government and banks for a plan to rebuild its business, the latest step in the recovery from the nuclear disaster three years ago that almost destroyed the company. The...
Best Places Canopius US Insurance Under Review
Dec 23 2013 // A.M. Best Co. has placed under review with developing implications the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Delaware-based Canopius US Insurance, Inc....
Tower Says Its Sale of Stake in Canopius Lessens Liquidity Concerns
Dec 18 2013 // Tower Group International Ltd. said that it has paid $70 million that was outstanding to its Bank of America credit facility using proceeds from the sale of a stake in Canopius Group Limited. Tower Group, Inc., a wholly...
Sompo Japan to Buy UK Insurer Canopius in Overseas Expansion Drive
Dec 18 2013 // Sompo Japan Insurance Inc., a unit of Japan’s third-largest casualty insurer group by market value, confirmed earlier reports that it will buy Canopius Group Ltd. of the U.K. for 99.2 billion yen ($963 million) as it...
Sompo Japan Considers Acquisition of U.K.’s Canopius Group
Dec 16 2013 // Sompo Japan Insurance Inc., a unit of Japan’s third-largest casualty insurer group by market value, is considering buying the U.K.’s Canopius Group Ltd. as it continues an overseas expansion. The acquisition is...
TPP Trade Pact Misses Deadline as More Talks Planned for January
Dec 10 2013 // Ministers negotiating the 12-nation Trans-Pacific Partnership trade pact said today they would miss a year-end deadline to complete the deal. “We identified potential landing zones for the majority of key outstanding...
Iran Oil Shipping Insurance Sanction Relief Not Likely Any Time Soon
Dec 2 2013 // A pledge by world powers to ease ship insurance sanctions on some Iranian oil exports is likely to take months to come into effect due to complex law and regulation and to insurers’ unease over providing cover. A...
Global Warming Pact Expected from Warsaw Talks
Nov 22 2013 // Envoys from 190 nations are close to agreeing upon the first building blocks for the next treaty aimed at fighting global warming, sketching the way to worldwide cuts in fossil-fuel emissions. The delegates, due to finish...
World Falling Behind in Race to Cut Carbon Emissions: Study
Nov 20 2013 // The world is getting further off track in limiting global warming with setbacks in Japan and Australia outweighing positive signals from the United States and China, a study showed on Wednesday. A Climate Action Tracker...
Much of Eastern Asia Underinsured for Weather As Risk, Values Rising
Nov 13 2013 // Insured losses from weather-related events in Eastern Asia amount to only about 10 percent of the $700 billion in total losses accumulated over the last three decades, according to an analysis by Munich Re. According to...
Japan Earmarks Additional $30B for Fukushima Clean-Up, Compensation
Nov 12 2013 // Japan’s government is finalising plans to borrow an additional 3 trillion yen ($30 billion) to pay for compensating Fukushima evacuees and cleaning up the area outside the wrecked nuclear plant, said people with...
ING to Speed up Reorganization after Revised Deal with EU
Nov 6 2013 // ING Groep NV, the biggest Dutch financial-services company, will complete its reorganization two years earlier than planned after winning regulators’ permission to combine its Japanese insurance unit with European...
U.S. Says Japan Signing Liability Pact Would Aid Nuclear Cleanup
Nov 4 2013 // Japan will receive international help with the cleanup at the Fukushima atomic station once it joins an existing treaty that defines liability for accidents at nuclear plants, U.S. Energy Secretary Ernest Moniz said. The...
Hartford Profit Up As Focus Shifts to P/C Insurance
Oct 29 2013 // Hartford Financial Services Group Inc.’s profit surged as the insurer focused on property/casualty coverage after divesting life and annuity units. The company gained in extended trading. Third-quarter net income...
Members of Aon Benfield’s Analytics Team Explain Cat Models
Oct 18 2013 // “Our remit at Aon Benfield Analytics is really to do the risk quantification part of reinsurance transactions,” said John Moore, the head of International Analytics operations. He’s responsible for...
