Jan 3, 2016

Major insurers on hunt for M&As

The chiefs of Japan’s top insurance companies are eager to keep pursuing mergers and acquisitions abroad because the domestic market is expected to shrink, interviews show. In 2015, Nippon Life Insurance Co. bought smaller rival Mitsui Life Insurance Co. and National Australia Bank’s insurance ...

Dec 11, 2015

Japanese cars do best in insurance industry safety rankings

Japanese brands dominate the insurance industry’s rankings of the safest vehicles for the 2016 model year. The U.S. Insurance Institute for Highway Safety said Thursday that 48 vehicles earned its highest rating of “Top Safety Pick Plus.” That’s up from 33 a year ago. ...

Oct 1, 2015

Sompo Japan to buy nursing care unit from Watami for ¥21 billion

Major property and casualty insurance group Sompo Japan Nipponkoa Holdings Inc. plans to acquire the elderly nursing care unit of pub and restaurant chain operator Watami Co. for about ¥21 billion, industry sources said Thursday. The insurance group is expected to buy all outstanding ...

Sep 9, 2015

Takeover of Amlin makes other Lloyd's insurers bid targets

Amlin PLC’s $5.3 billion takeover by a Japanese competitor has put the remaining four publicly traded Lloyd’s of London insurers in the spotlight for a possible takeover. Beazley PLC, Hiscox Ltd., Lancashire Holdings Ltd. and Novae Group PLC all rallied in London trading after ...

Aug 11, 2015

Dai-ichi becomes Japan's most profitable life insurer

Dai-ichi Life Insurance Co.’s core business profit in April-June jumped 56.8 percent from a year earlier to ¥160.5 billion. It ranked top in the nation’s life insurance industry also in terms of revenue from premiums. Core profit at Nippon Life Insurance Co., which had ...