Report: Japan to Pass Bill to Insure Iran Oil Imports
Japan’s lower house is set to pass a bill on Friday to provide government guarantees on insurance for Iranian crude cargoes, making it the first of Iran’s big Asian buyers to find a way to keep the oil flowing in …
Japanese Insurers to Limit Iran Oil Voyages in Mideast Gulf – Sources
Japanese insurers are warning ship owners that they will only cover one tanker at a time carrying Iranian crude oil through the Middle East Gulf due to tightening Western sanctions against OPEC’s second biggest producer, industry sources said. The three …
Japan P&I Club Ship Insurer Sets New Rules on Iran Oil Transport
Ship owners covered by Japan P&I club must alert the maritime insurer in advance of any plans to transport Iranian oil and petrochemicals that could fall foul of Western sanctions, the insurer said. The United States and European Union have …
Willis Japan Appoints Enomoto New Retail CEO
Willis Group Holdings has appointed Yoshihide ‘Dean’ Enomoto as President and CEO of its retail brokerage business in Japan. The announcement coincides with news that the global insurance broker has opened a second Japanese office in Osaka to service the …
Starr Indemnity Receives Foreign, Non-Life Insurance License in Japan
Starr Indemnity & Liability Company announced that the Japanese Financial Services Agency (FSA) has granted it a foreign, non-life insurance business license in Japan. The license allows Starr to offer approved accident and health insurance and casualty solutions in the …
$370 Billion Econ. Losses for 2011; $116 Billion Insured, Says Swiss Re
Although everyone is more or less aware that 2011 was a very bad year for losses from natural catastrophes, the figures compiled by Swiss Re evince just how bad they actually were. In its latest sigma study the reinsurer points …
U.S. Exempts 11 Countries from Iran Oil Sanctions; China, India Exposed
The United States exempted Japan and 10 EU nations from financial sanctions because they have significantly cut purchases of Iranian oil, but left Iran’s top customers China and India exposed to the possibility of such steps. The decision means banks …
Japan Marks One Year Since Earthquake – Tsunami Disaster
People across Japan prayed and stood in silence on Sunday to remember the massive earthquake and tsunami that struck the nation one year ago, killing just over 19,000 people and unleashing the world’s worst nuclear crisis in a quarter century. …
1-5 Percent Of Tsunami Debris Could Reach West Coast
Tsunamis generated by the magnitude-9 earthquake in Japan last March dragged 3 million to 4 million tons of debris into the ocean after tearing up Japanese harbors and homes. Scientists believe ocean currents are carrying some of the lumber, refrigerators, …