Tag - insurers

 
 

INSURERS

Japan Times
BUSINESS / Markets
Oct 28, 2019
Negative yields will punish insurer profits, ex-Bank of Japan official says
Miyako Suda, who opposed the Bank of Japan's ultraloose monetary policy as a member of its Policy Board, has a warning for the nation's life insurers as bond yields sink ever lower.
BUSINESS / Companies
Dec 20, 2018
Japan Post to take 7% stake in U.S. insurer Aflac for closer tie-up
Japan Post Holdings Co. will acquire a 7 percent stake in U.S. insurer Aflac Inc. in 2019, after gaining regulatory approval, and make it an affiliate four years after the purchase to expand their cooperation, both firms said Wednesday.
Japan Times
BUSINESS / Companies
Dec 14, 2018
Japan Post eyes up to 8% stake in U.S. insurer Aflac
Japan Post Holdings Co. plans to acquire a 7 to 8 percent stake in U.S. insurer Aflac Inc. for about ¥300 billion as part of its strategy to expand operations overseas, sources familiar with the matter said Thursday.
BUSINESS / Tech
Dec 20, 2017
SoftBank leads $120 million funding in financial technology startup Lemonade
SoftBank Group Corp. is betting that technology can overhaul the home insurance industry by leading a $120 million (about ¥13.6 billion) round in Lemonade Inc.
BUSINESS / Companies
Dec 3, 2017
Nippon Life to buy 25 percent of U.S. asset manager TCW from Carlyle
Nippon Life Insurance Co. has reached a deal to acquire 24.75 percent of U.S. investment firm TCW Group Inc. from U.S. asset manager Carlyle Group LP, the companies said recently.
Japan Times
JAPAN
Oct 31, 2017
More Japanese firms introducing anti-smoking measures, including incentives
An increasing number of companies are stepping up efforts to protect employees from the health hazard of cigarettes as the central and local governments study measures to curb the public's exposure to secondhand smoke.
Japan Times
JAPAN
Oct 29, 2017
Wary drivers and savvy insurers fuel growing demand for dashcams in Japan
The ubiquitous appearances of dashcam crash footage in news reports and on TV shows has apparently spurred demand for in-vehicle video cameras in Japan as motorists seek additional legal protection in case of accidents.
Japan Times
BUSINESS
Mar 17, 2017
Insurers pitch affordable policies to get young people behind the wheel
Insurance companies have turned to promoting affordable policies for young people in an effort to encourage them to buy cars.
BUSINESS / Companies
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.
BUSINESS
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.
BUSINESS / Companies
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.
BUSINESS / Markets
Mar 10, 2016
Japanese investors binge on debt abroad amid negative yields at home
Japanese investors are scooping up bonds overseas to flee negative yields at home, driving a global debt-market rally.
BUSINESS / Companies
Dec 18, 2015
Nonlife insurer Sompo Japan to acquire nursing home operator Message
Nonlife insurer Sompo Japan Nipponkoa Holdings Inc. plans to acquire nursing home operator Message Co., company officials said Friday, as part of efforts to diversify its sources of revenue in a market being squeezed by population decline.
BUSINESS / Companies
Oct 14, 2015
Nippon Life seeks to seal deal this month to buy Aussie bank's insurance business
Nippon Life Insurance Co. aims to strike a deal this month to buy National Australia Bank's insurance business by next March, sources close to the matter said.
BUSINESS / Companies
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.
JAPAN
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.
BUSINESS
Aug 13, 2014
Life insurers to show criteria for voting as shareholders
Major life insurers will release by the end of this month guidelines detailing how they will try to reflect their opinions at shareholders' meetings for the companies in which they hold stakes, industry sources said Wednesday.
BUSINESS / Companies
Jul 24, 2014
Protective Life shareholder sues over $5.7 billion Dai-ichi deal
Protective Life Corp. is being sued by a shareholder who says a proposed $5.7 billion purchase of the company by Dai-ichi Life Insurance Co. is unfair to investors because other potential bidders were locked out.
BUSINESS / Companies
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.
BUSINESS / Companies
Nov 28, 2013
Core profits surge at top four life insurers in April-September
Core profits surged for the top four life insurance companies in the April-September period as the weaker yen boosted interest returns from foreign bonds, according to results released this week.

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