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...
UN Climate Alliance Scraps Emissions Rules for Insurers After Exodus July 6, 2023 By Tommy Wilkes The Net-Zero Insurance Alliance (NZIA) has ditched all requirements for members to set or publish greenhouse gas emission-reduction targets, the...
Insurers Look to Loosen UN Climate Alliance Rules After Member Exodus: Sources July 5, 2023 By Tommy Wilkes The remaining insurers in a United Nations-backed coalition aimed at tackling climate change are poised to loosen the alliance’s membership...
ANALYSIS – Breakup of Insurers’ Climate Coalition Driven by U.S. Regulation Fears June 2, 2023 By Tommy Wilkes The success of Republicans in triggering the breakup of a coalition of insurance firms aimed at tackling climate change is...
Update: List of Insurers Exiting Climate Group Grows, Including Lloyd’s, Tokio Marine May 30, 2023 By Aaron Clark, Nao Sano and Alastair Marsh The list of firms walking out of the Net Zero Insurance Alliance continued to grow this week, adding to an...
Tokio Marine Weighs Sale of Southeast Asia Life Unit Valued at $1 Billion April 25, 2023 By Manuel Baigorri and Elffie Chew Tokio Marine Holdings Inc. is considering a sale of its life insurance business in Southeast Asia that could be valued...
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...
Japan’s LNG Buyers Assess How Insurance Halt Will Affect Supplies December 27, 2022 By Shoko Oda and Tsuyoshi Inajima Japan’s buyers of Russian liquefied natural gas are assessing how imminent changes to shipping insurance — triggered by the ongoing...
Malaysian Central Bank Sets 2023 Cutoff for Foreign Insurer Stake Sales: Sources July 18, 2022 By Elffie Chew Malaysia’s central bank is giving foreign insurers until the end of 2023 to either reduce stakes in their local ventures...
Japanese Insurer Tokio Marine Says Greensill Obtained Policies Fraudulently April 4, 2022 Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said on Monday, adding it did...