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September 01, 2024
 

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SOMPO

Pedestrians walk past the Financial Services Agency headquarters in Tokyo.
JAPAN
Aug 31, 2024
Over 2.5 million sets of info leaked from four Japan nonlife insurers
Of the total, employees on loan were found to have been involved in about 240,000 cases, including for contracts for corporate customers.
Tokio Marine & Nichido Fire Insurance and three other insurance firms will be issued with cease-and-desist orders by the the Fair Trade Commission for forming a cartel, sources have said.
BUSINESS / Companies
Aug 6, 2024
Japan's FTC to issue orders to four major nonlife insurers in premium cartel
The insurers are said to have started prearranging premiums on contracts for Keisei Electric Railway, in which they shared the risk of covering payments, before 2020.
Financial groups will sell Honda Motor shares worth ¥535 billion to unwind cross-shareholdings, according to a regulatory filing.
BUSINESS
Jul 4, 2024
Insurers and banks to sell Honda shares worth $3.3 billion, filing shows
The move offers a sign that the unwinding of cross-shareholdings is catching pace in Japan.
A general shareholders meeting is held at Sompo Holdings in Tokyo on Monday.
BUSINESS / Companies
Jun 24, 2024
Japan nonlife insurers apologize to shareholders over scandals
Leaders of three major Japanese nonlife insurers apologized at their respective general shareholders meetings over scandals rocking the industry.
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.
Sompo Holdings' Kengo Sakurada is planning to step down as the company's CEO at the end of March.
BUSINESS / Companies
Jan 23, 2024
Sompo Holdings' CEO to resign over handling of Bigmotor wrongdoing
The Financial Services Agency has ended its on-site inspections of Sompo Holdings and Sompo Japan and is expected to issue business improvement orders.
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.
Whistleblower reports on Bigmotor's fraudulent activities prompted Sompo Japan and two other major nonlife insurers to suspend customer referrals to Bigmotor in June last year, but Sompo Japan soon resumed the referrals.
BUSINESS
Oct 11, 2023
Panel raps Sompo Japan's resumption of business with Bigmotor
The report said the resumption of business was caused by concerns among Sompo Japan execs about possibly losing deals with Bigmotor to rivals.
Financial Services Agency officials enter Bigmotor's Tama outlet in western Tokyo on Tuesday.
JAPAN / Crime & Legal
Sep 19, 2023
Watchdog starts on-site probe of Bigmotor and Sompo Japan
The investigation aims to dig deeper into the insurance fraud scandal by the leading used-car dealer. The probe is likely to take several months.
Transport ministry officials leave a Bigmotor dealership in Nagoya on Friday after conducting on-site inspections.
BUSINESS / Companies
Jul 31, 2023
Bigmotor suspected of fabricating insurance contracts
The news came on top of an investigation report that showed employees padded maintenance fee claims to insurance firms by deliberately damaging cars.
Japan Times
JAPAN
Jan 18, 2023
Japan firm defends Van Gogh ownership after lawsuit
The artwork was purchased by the predecessor of insurance firm Sompo Holdings at Christie's in London for $40 million, making it briefly the world's most expensive painting.
Japan Times
BUSINESS / Companies
Jul 26, 2022
Japanese insurers sell heatstroke coverage during sizzling summer
Sompo Holdings and Sumitomo Life Insurance, two of the country's biggest insurers, are offering policies specifically designed to cover medical expenses arising from heatstroke.
Japan Times
BUSINESS / Companies
Nov 18, 2019
Peter Thiel's Palantir announces $150 million joint venture with Japan's Sompo Holdings
The new data-mining firm gets a splashy Tokyo inauguration and will target government and public sector customers, initially emphasizing health and cybersecurity.
Japan Times
CULTURE / Art
May 31, 2016
A liberating walk through the woods
Painters and trees have a lot in common. Both are light-catchers: the painter looks at the world around him and tries to capture it, while a tree catches the light in order to grow. Trees are also part of the world that many artists see and often depict. So, there is quite a lot of synergy at the Togo...
Japan Times
CULTURE / Art
Feb 16, 2016
'Face 2016: Sompo Japan Nipponkoa Art Award Exhibiton'
Feb. 20-March 27
Alerts issued for Tokyo area cities as Shanshan crawls across Japan
A submerged area of Yufu, Oita Prefecture, on Thursday after Typhoon Shanshan dumped torrential rain throughout the Kyushu region.
Typhoon Shanshan batters Kyushu ahead of likely landfall
A satellite image shows Typhoon Shanshan south of Kyushu on Wednesday afternoon
From tropical storm to 'violent': Japan’s typhoon classifications
A satellite image from Wednesday shows Typhoon Shanshan south of Kyushu as the storm was rapidly intensifying.
Tropical Storm Shanshan soaks Japan as flood and landslide risks rise
People walk in front of closed ticket gates for the Tokaido Shinkansen in Tokyo Station as train operations between Tokyo and Nagoya remain suspended due to Tropical Storm Shanshan on Saturday.
Will Bangladesh go the way of Pakistan?
Gen. Waker-uz-Zaman, Bangladesh's army chief, arrives at Dhaka International Airport to receive Nobel laureate Muhammad Yunus on Aug. 8 to lead the country's interim government.
Japan seeks another record-breaking defense budget for fiscal 2025
Members of the Ground Self-Defense Force hold a live-fire exercise at the GSDF's training grounds in the East Fuji Maneuver Area in Gotemba, Shizuoka Prefecture, in May. Japan's Defense Ministry is seeking another record-breaking budget for fiscal 2025.
Can Japan handle a heat wave and natural disaster at the same time?
A member of the Self-Defense Forces wipes away sweat as he conducts a search and rescue operation at a landslide site caused by heavy rain in Kumano, Hiroshima Prefecture, on July 11, 2018.
Did you feel that? It may be time to refresh your disaster kits — and vocabulary.
A map of western Japan shows the Nankai Trough and, to its north, the hypocentral region where the energy for an earthquake is thought to be building.
This English schoolboy has big dreams of becoming yokozuna — and more
Nicholas Tarasenko trains at Minato stable in Kawaguchi, Saitama Prefecture, on Tuesday. Tarasenko’s potential in sumo was made obvious when he won U18 gold in the 90-kg weight class at the 2023 Baruto Cup in Estonia despite being four years under the age limit and having only had a total of one hour of sumo training before the meet.
Kitakyushu clashes with academics over Meiji Era remains
Remnants of the first Moji station complex are located near the current Mojiko Station in the city of Kitakyushu, Fukuoka Prefecture.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

A store clerk tries to cool things down in front of their shop by spraying a hose.
Is extreme weather changing the way Japan shops?
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