/ Oct 5, 2016

Insurer Sompo to buy Endurance for $6.3 billion

Sompo Holdings Inc. agreed to buy Bermuda-based insurer Endurance Specialty Holdings Ltd. for about $6.3 billion (¥637.5 billion), in the company's biggest acquisition as it expands further outside Japan. The Japanese insurer will pay $93 a share in cash, or 43 percent more than Monday's ...

Sep 29, 2016

Opaque Chinese insurers trail Japanese rivals in hunt for U.S. deals

The growth ambitions of China's insurers could be hindered by some of the companies' opaque structures when they pursue acquisitions in international markets, a banker at Citigroup Inc. said. "It is not that straightforward with Chinese companies," Gautam Chawla, co-head of the global insurance group ...

/ Sep 27, 2016

MetLife to offer staff buyouts amid investment squeeze

MetLife Inc. said its Japanese business will offer early retirement packages to some staff as the insurer consolidates operations in Tokyo to help counter pressure from low bond yields. Nonsales employees who are 45 or older and have been with the insurer for at least ...

/ Jul 21, 2015

Tokio Marine to use Citic to grow in China after U.S. foray

Tokio Marine Holdings Inc., fresh from its biggest acquisition in the U.S., is now looking for opportunities in China. The insurer plans to utilize its ties with Citic Group Corp., China's biggest conglomerate, to expand in the country, Tsuyoshi Nagano, Tokio Marine's president and chief ...

Sep 1, 2014

In exception, gangsters to be allowed to buy auto insurance

Property and casualty insurance companies plan to let crime syndicate members buy auto insurance so that victims can be compensated in the event a gangster causes an accident, industry sources said. The move comes as the financial sector is otherwise shunning dealings with organized crime ...

/ Jul 3, 2014

Fire insurance premiums expected to rise 3.5% next year

An organization of casualty insurance companies said it will raise benchmark rates used to set member companies' fire insurance premiums by an average of 3.5 percent to cope with increasing payouts following recent natural disasters. The General Insurance Rating Organization of Japan said Wednesday it ...