• Kyodo


U.S. Fortune business magazine has chosen 25 rising business stars it says will help shape the business world in the coming decades, including four in China, three in Japan, and one each in Taiwan and Hong Kong.

The individuals profiled in the “Rising Stars” story range in age from 28 to 40. The magazine, which goes on sale Monday, says the 25 will be “the movers and shakers” of not just business, but science, technology and industry.

The information came in a press release promoting the feature package.

The three Japan-based stars named by Fortune are: Hiroshi Mikitani, 36, the brain behind Rakuten, a popular online shopping site; Mark Fields, 40, the CEO of Mazda Motor Corp. who was dispatched by Ford Motor Co., Mazda’s biggest shareholder; and Oki Matsumoto, 37, president of the online securities company Monex.

From China, the four stars listed are: Li Yifei, a 37-year-old TV impresario who runs MTV China; Feng Tao, a 33-year-old venture capitalist based in Shanghai; Edward Tian, 37, head of China’s broadband company China Netcom Corp., and Charles Zhang, 38, founder of Sohu, a hugely popular portal in China.

Oka on IUA board

LONDON (Kyodo) Takashi Oka, director general and manager at Tokio Marine & Fire Insurance Co. (U.K.), has been elected to the board of the International Underwriting Association, an influential global organization representing commercial insurers and reinsurers.

Oka, 43, was voted in at the IUA annual general meeting on Wednesday.

He is the first board member to represent a region outside of the European Union or North America in the organization, which is comprised of 155 companies from 40 countries around the world.

“As Asia’s leading insurance company, Tokio Marine & Fire is a very important participant in the London insurance market. We welcome its presence on the IUA board,” IUA chairman Tim Carroll said in a statement.

Japanese damage insurance companies have until now worked largely on commercial transactions involving Japanese firms and have maintained a low-key profile at the IUA.

Oka’s election to the IUA board apparently reflects both the IUA’s desire to broaden its scope as well as Tokio Marine’s bid to get involved in the IUA decision-making process following liberalization of Japan’s nonlife insurance market.

“I’m honored to have this opportunity to play a constructive part in the modernizing of the market,” Oka said in a statement released by the IUA.

Oka joined Tokio Marine & Fire Insurance Co. in 1981.

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