Japan Orders 4 Non-Life Insurers to End Anti-Competitive Business Practices December 27, 2023 Japan ordered four major non-life insurance companies to improve business practices in connection with anti-competitive activity that aimed to keep...
Japan Casualty Insurers’ Shares Sink on Concerns Over Suspected Price Fixing August 2, 2023 By Taiga Uranaka and Nao Sano A price-fixing scandal at Japan’s biggest casualty insurers is escalating following a media report that the suspected collusion is likely...
Japanese Used-Car Exec to Step Down After Revelations of Fraudulent Insurance Claims July 26, 2023 By Hideki Suzuki and Nao Sano The president of Japanese used-car dealership Bigmotor Co. Ltd. said he will step down after revelations of fraudulent insurance claims...
How Will Japan Secure Shipping Insurance for Imports of Russian LNG? December 29, 2022 By Yuka Obayashi Japan, the world’s top liquefied natural gas (LNG) importer, is facing its latest challenge in securing vital gas supplies from...
Centerbridge-Led Consortium Completes $952M Acquisition of Canopius from Sompo March 9, 2018 The $952 million acquisition of Canopius from Sompo Holdings has been completed by a private equity consortium led by Centerbridge...
Japan’s Sompo Holdings to Sell Sompo Canopius for $952M to Centerbridge September 1, 2017 By L.S. Howard Japan’s Sompo Holdings Inc. announced it has agreed to sell Lloyd’s re/insurer Sompo Canopius AG to a private equity consortium...
UK’s Altitude Targets Aerospace Growth with Hollingworth Appointment September 4, 2014 Altitude Risk Partners, the global aviation and space underwriting business, announced the appointment of former broker Charles Hollingworth as an...
Sompo Japan, Nipponkoa Looking for Growth beyond Traditional Assets April 17, 2014 By Hideyuki Sano and Hirotoshi Sugiyama Sompo Japan Insurance and Nipponkoa Insurance are already acting as one entity ahead of their merger in September. They’ve announced...
Sompo Japan to Buy UK Insurer Canopius in Overseas Expansion Drive December 18, 2013 By Komaki Ito and Tomoko Yamazaki Sompo Japan Insurance Inc., a unit of Japan’s third-largest casualty insurer group by market value, confirmed earlier reports that it...
Sompo Japan Considers Acquisition of U.K.’s Canopius Group December 16, 2013 By Pavel Alpeyev and Ma Jie Sompo Japan Insurance Inc., a unit of Japan’s third-largest casualty insurer group by market value, is considering buying the U.K.’s...