Tag - tokio-marine



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.
The Tokio Marine & Nichido Building in the Marunouchi district of Tokyo
BUSINESS / Companies
Dec 26, 2023
Japan penalizes biggest property insurers for price fixing
The Financial Services Agency has issued business improvement orders on the core units of Tokio Marine, MS&AD Insurance and Sompo.
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.
New president of Johnny & Associates Noriyuki Higashiyama (left) and Julie Keiko Fujishima, who stepped down as president, take questions from the media during a news conference in Tokyo on Thursday.
Sep 8, 2023
Tokio Marine considers ending ad contract with Johnny's
Tokio Marine has been using Masaki Aiba, a Johnny's personality, in its advertisements since January 2022.
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
Apr 5, 2023
Japan insurer to offer policy against bullying
While financial losses are likely not a parent's first concern should their child be bullied, a new insurance policy to be made available later this year will attempt to ease those worries.
Japan Times
BUSINESS / Companies
Apr 1, 2021
How Masayoshi Son’s ‘money guy’ Lex Greensill went from hero to zero
Greensill Capital was a key part of what Son dubbed his 'Cluster of No. 1's” strategy, taking noncontrolling stakes in the world's leading tech companies and encouraging them to cooperate.
Japan Times
BUSINESS / Companies
Mar 22, 2021
Tokio Marine faces larger-than-expected Greensill exposure
The insurance company has found that reinsurance contracts intended to limit losses didn't cover its unit that did the most business with Greensill.
Japan Times
Aug 16, 2019
Japanese team developing AI-based system to forecast chance of tsunami and scale of damage
Drawing lessons from one of the worst disasters in the nation's history, a team of Japanese researchers is developing an artificial intelligence-based tsunami-forecasting system set for release in fiscal 2020 that could help limit loss of life and property in future calamities.
Japan Times
BUSINESS / Companies
Jun 25, 2019
Tokio Marine, which spent $17 billion on acquisitions, says there's more to come
Tokio Marine Holdings Inc. is seeking acquisition opportunities in Asian emerging markets and elsewhere as it seeks to double profits from those regions, according to the new chief of Japan's largest property-and-casualty insurer.
Japan Times
BUSINESS / Companies
Oct 1, 2018
Top fund manager Jumpei Kitahara bets on owner-managed and family-run firms
When a yearslong father-daughter feud over who took leadership of a furniture retailer threatened to drive the company into the ground, one top-performing fund manager took it as a reason to celebrate.
Japan Times
Oct 29, 2017
Insurers devise new steps to slash fees and promote wellness in rapidly graying Japan
Walking 8,000 steps a day or eating healthy food may now save you money as some Japanese insurers move to sell policies that offer premium discounts or refunds to those living healthily.
Jun 15, 2016
Tokio Marine insures geothermal developers over impact on hot springs
Tokio Marine & Nichido Fire Insurance Co. has begun offering a type of insurance intended to ease the concern of hot spring operators about the impact of new geothermal power stations.
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.
BUSINESS / Companies
Jun 10, 2015
Tokio Marine buys HCC for $7.5 billion in biggest takeover
Tokio Marine Holdings Inc. agreed to buy HCC Insurance Holdings Inc. for about $7.5 billion (about ¥941.3 billion) in the biggest acquisition by a Japanese insurer, stepping up an overseas expansion to counter stagnation at home.
Japan Times
Apr 16, 2015
Bubble-era missteps shape Tokio Marine's property strategy
Tokio Marine Holdings Inc., one of the nation's oldest insurers, is joining its Chinese peers in investing in property overseas — but with a twist.


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