Latest Japan Headlines
All the headlines from our Japan Topic Page, ordered by recency.
Best Affirms Toa Re ‘A+’, ‘aa’ Ratings
Jan 7 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Japanese reinsurer The Toa Reinsurance Company, Limited, and has assigned an “aa-” issuer credit...
S&P Reports First Half Results in Japan’s P/C Sector Show Companies Still Under Pressure
Nov 30 2004 // Standard & Poor’s Ratings Services has issued a report noting that Japanese non-life insurance companies recently released results of for the first half of fiscal 2004, which indicate that underwriting...
AIG Subs to Purchase R&SA’s Japanese Business
Nov 12 2004 // American International Group, Inc. announced that its subsidiaries American Home Assurance Company and AIU Insurance Company will purchase the insurance portfolio of the Royal & SunAlliance (RSA) branch operations in...
S&P Affirms Tokio Marine Europe ‘AA-‘ Rating
Nov 11 2004 // Standard & Poor’s Rating Services announced that it has affirmed it’s “AA-” insurer financial strength rating on London-based Tokio Marine Europe Insurance Ltd. (TMEI), a wholly owned...
Japan: Powerful, Beleaguered and Consolidating
Oct 25 2004 // Until Commodore Peary’s visit in 1848, Japan was one of the world’s most isolated countries, and it still remains rather unique. But something in the Japanese character and society enabled it to turn its back...
Deadly Typhoon Tokage Hits Japan
Oct 21 2004 // Typhoon Tokage roared through Southwestern Japan on Wednesday, killing at least 48 persons, injuring more than 200, and leaving a trail of destruction in its wake. The NHK, Japan’s public broadcasting service,...
S&P Sees Limited Impact of Typhoons on Japanese P/C Insurers’ Ratings
Oct 7 2004 // Standard & Poor’s Ratings Services indicated that the impact of damage caused by typhoons in 2004 on Japanese non-life insurers is likely to be limited, owing to reinsurance indemnities and catastrophe loss...
Best Assigns Aioi America “A” Rating
Oct 6 2004 // A.M. Best Co. announced that it has assigned a financial strength rating of “A” (Excellent) to Chicago-based Aioi Insurance Company of America with a stable outlook. “The rating reflects Aioi...
AIU Underwrites ScanAlert’s Japan Hacker Coverage
Oct 5 2004 // Napa Calif.-based ScanAlert announced that AIU Insurance Japan, a division of AIG and the largest foreign-affiliated P/C insurer in Japan, is underwriting a new hacker insurance program for all “HACKER SAFE”...
S&P Assigns ‘AA-‘ Ratings to Tokio Marine & Nichido Fire Insurance; Outlook Stable
Oct 1 2004 // Standard & Poor’s Ratings Services announced that it has assigned its ‘AA-‘ financial strength and long-term counterparty ratings to Tokio Marine & Nichido Fire Insurance Co. Ltd. with a stable...
Swiss Re Estimates Hurricane Ivan, Typhoon Songda Claims Around $300 Million
Sep 27 2004 // Swiss Re announced that, based on current estimates, it expects its claims related to Hurricane Ivan and Typhoon Songda to be approximately $300 million before tax. The bulletin noted that these estimates are in addition...
Hartford to Host Conference on Japan Operations
Sep 21 2004 // The Hartford Financial Services Group, Inc. will present an overview of the company’s Japan operations on Wednesday, September 22, from 3 p.m. to 5 p.m. in Tokyo. Presentations by Greg Boyko, senior vice president in...
Best Affirms Sompo Japan ‘A+’ Rating
Sep 14 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Sompo Japan Insurance Inc. with a negative outlook. “The rating reflects the company’s superior...
Aviva to Sell Asian P/C Business to Mitsui Sumitomo
Sep 7 2004 // The U.K.’s Aviva (ex-CGNU) has agreed to sell its Asian non-life business to Japan’s second largest general insurer (after Tokio Marine) Mitsui Sumitomo Insurance Co Ltd. (MSI), for £249 million ($443...
People and Places
Sep 6 2004 // Brian Corbett Westfield Center, Ohio-based Westfield Insurance has named Brian G. Corbett executive of personal lines and nonstandard auto. His responsibilities include managing the profitability and expansion of Defender,...
Best Affirms Tokio Marine ‘A++’ Rating
Sep 2 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A++” (Superior) of Japan’s Tokio Marine and Fire Insurance Company Limited, and has revised its outlook on the insurer to...
ACE Announces Japan, N.Z. Management Changes
Aug 31 2004 // ACE Overseas General, the non-U.S. insurance operations of The ACE Group of Companies, announced from Bermuda that Neil C. Smith has been appointed as President of ACE Far East. He succeeds Scott Pickering, who has been...
Typhoon Chaba Hits Southern Japan
Aug 30 2004 // Typhoon Chaba, packing 130 mph (210 km/h) winds, struck the Southern Japanese Island of Kyushu earlier today, knocking out electrical power to some 300,000 homes, and causing 6000 people to be evacuated to higher ground,...
Japanese Insurers Settle Suit Against Fortress Re
Jul 16 2004 // Aioi Insurance Co., Sompo Japan Insurance Inc. and Taisei Reinsurance Co. have annouced that they have settled their damages suit against U.S. reinsurance agent Fortress Re Inc. over losses in connection with the Sept. 11,...
S&P Rates Tokio Marine (Singapore) ‘A+’
Jul 2 2004 // Standard & Poor’s Ratings Services announced that it has assigned its ‘A+’ long-term counterparty credit and insurer financial strength ratings to Tokio Marine & Fire Insurance Co. (Singapore)...
