May 11, 2016

Tokio Marine to up stake in Vietnamese insurer to 51%

Tokio Marine Holdings Inc. announced Wednesday that it will raise its equity stake in Vietnam’s Bao Viet Tokio Marine Insurance Co. to 51 percent from 49 percent. The company said it has reached a definitive agreement with Vietnam’s largest insurance group to buy the ...

Japan's revised insurance law leads to raft of new policy options

Apr 21, 2016

Japan's revised insurance law leads to raft of new policy options

There is strong demand for new inexpensive, short-term insurance plans, ranging from landlords’ death coverage to medical policies for foreign tourists. Sendai-based Prevent SAST Insurance Co. offers a legal-expenses plan named Mikata. It was introduced in response to increasing numbers of people seeking legal ...

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 ...