Taiyo Fire & Marine Insurance Co. has decided against its earlier plan to withdraw from the Japanese auto insurance business. The company reportedly made the decision based on the belief that collecting sufficient premium revenue from other insurance policies would be difficult. Taiyo Fire was considering pulling out of auto due to increasing competition following financial deregulation in 1998 and a series of foreign entries into the market.
Topics Auto
Was this article valuable?
Here are more articles you may enjoy.
Reinsurers Hold Bulk of Jamaica’s Property Exposures From Hurricane Melissa: Reports 
AIG Joins Private Equity Firm Onex to Acquire Re/Insurer Convex Group 
Brown & Brown Reports Strong Q3 Revenue Growth of 35.4% 
France Makes New Arrests in Louvre Heist; Jewels Still Not Found 
