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December 22, 2024
 

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TOKIO MARINE

Founded in 1879, Tokio Marine was Japan's first nonlife insurance company and it has since expanded into life insurance and now has a presence in 46 countries besides Japan.
BUSINESS
Oct 18, 2024
Tokio Marine pauses sale of Southeast Asia life insurance business, sources say
The delay appears to be due to the firm's dispute with a Malaysian partner.
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.
Toyota's plan to buy back shares from major banks and insurers is part of a broader push to unwind strategic shareholdings with financial partners.
BUSINESS / Companies
Jul 23, 2024
Toyota to buy back stock worth $5.2 billion from banks and insurers
Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, Tokio Marine Holdings and MS&AD Insurance Group Holdings are tendering shares at an 11% discount.
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.
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.
Japan Times
JAPAN
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
JAPAN
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.
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.
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.
BUSINESS
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
BUSINESS
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.
Nippon Steel alleges undue White House influence on doomed deal review
U.S. President Joe Biden delivers remarks on the economy at the Brookings Institution in Washington on Dec. 10.
Record 78% of people in Japan feel anxious, government survey finds
The public opinion survey on people's lives, conducted by the Cabinet Office, found that 28.1% of respondents think that their standard of living is at a lower-middle level among the general public — the highest percentage to give that response in 35 years.
Police raided suspect's home to arrest him after fatal Kitakyushu stabbing
Broken window glass is seen at Masanori Hirabaru's house in Kitakyushu's Kokuraminami Ward.
Taiwan lawmakers brawl over bills that would 'damage democracy'
Lawmakers from the Democratic Progressive Party and opposition party Kuomintang brawl in parliament in Taipei on Friday.
Mother hopes for reunion with daughter ensnared by Tokyo host clubs
The Kabukicho district in Tokyo, where the daughter of a woman in her 60s fell deeply into the host club culture.
Casual workouts, cool living, ‘complete’ food: Japan’s health trends of 2024
In 2024, efficiency trumped effort among Japan's fitness-focused aspirants.
The mighty Mekong River's growing plastic problem
A group of elephant keepers in Chiang Saen, Thailand, remove plastic waste from the Ruak River, a tributary of the Mekong River, as a pair of Asian elephants bathe behind them.
Japanese officials inspect Yokota Air Base over PFAS concerns
The Yokota Air Base in western Tokyo in September 2019. An inspection of the base by Japanese government officials on Friday came amid public pressure to investigate suspected links between the use of PFAS-containing firefighting foam by the U.S. base and contamination of soil and groundwater in western Tokyo.
Crime numbers rise in Japan for second straight year
A police officer stands in front of the residence of a man alleged to have stabbed two junior high school students in Kitakyushu.
A year of Oscar wins and a quiet push for diversity
Ryusuke Hamaguchi’s “Evil Does Not Exist,” released in Japanese theaters in April, sharply dramatizes the clash between rural and urban values. The film won five awards at the 2023 Venice Film Festival, including the second-place Silver Lion prize.

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