Tag - mitsui-sumitomo-insurance



Execs at four major Japanese insurers, including Tokio Marine & Nichido Fire Insurance, will take pay cuts over price fixing.
BUSINESS / Companies
Mar 1, 2024
Four general insurance firms punish 132 people over price-fixing
The four general insurers, including Tokio Marine & Nichido Fire Insurance, also submitted business improvement plans to the Financial Services Agency.
An office of Tokio Marine & Nichido Fire Insurance in Tokyo in 2016.
BUSINESS / Companies
Dec 19, 2023
FTC inspects nonlife insurers over alleged joint contract cartel
The on-site probes follow reports the firms prearranged premiums for joint insurance contracts with corporate and public entities.
The Financial Services Agency's headquarters in Tokyo. The agency is expected to order four major insurers to submit records of contracts for which they allegedly arranged premium levels to avoid competition.
Aug 3, 2023
Japan insurers suspected of price-fixing for corporate contracts
Dozens of suspected price-fixing cases surfaced after employees were asked to report suspected antitrust business activities.
Japan Times
BUSINESS / Companies
Aug 28, 2022
JAXA and Mitsui Sumitomo to sell insurance for civilian space travelers
The new products will likely cover travelers against damage to possessions — like existing travel insurance — as well as bodily damage before and after the adventure.
Japan Times
BUSINESS / Companies
Aug 7, 2022
Mitsui Sumitomo Insurance to buy U.S. reinsurance broker for $400 million: Nikkei
Mitsui Sumitomo Insurance Company will spend about $400 million to buy U.S. reinsurance broker Transverse.
BUSINESS / Companies
May 23, 2018
Mitsui Sumitomo to buy 37.5% stake in Chinese life insurer
Mitsui Sumitomo Insurance Co. said Wednesday it will buy a 37.5 percent stake in a medium-sized Chinese life insurance company for 4.33 billion yuan ($675 million) to tap the world's third-largest insurance market.
Japan Times
Oct 5, 2017
Firms pitch part-time work-at-home as way to ease leave-takers' return to office life
Michika Kato, 27, a mother of a 1-year-old boy, works for up to two hours on her computer at home while her baby is playing on his own or sleeping.
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.
Japan Times
BUSINESS / Companies
Sep 8, 2015
Mitsui Sumitomo Insurance to buy British insurer Amlin for ¥635 billion
Mitsui Sumitomo Insurance Co. said Tuesday that it will buy Britain's nonlife insurer Amlin PLC for around ¥635 billion, as it pursues global expansion in the face of a shrinking domestic market.


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