Japan's Cabinet has approved a bill to support marine insurance coverage for crude oil, petroleum products and liquefied natural gas (LNG) shipments if foreign reinsurance becomes unavailable.
HDI Global has appointed Mr Kimura Kei as General Manager, Distribution and Marketing of its Japan branch.
Pacific Life Re, has announced the completion of a structured reinsurance transaction for one of Japan's leading life insurance companies.
With a focus on strengthening its energy security, the Japanese government proposes to expand the scope of the arrangement that offers coverage equivalent to reinsurance for tankers transporting crude oil and other commodities to Japan.
Aon has announced two leadership appointments for Japan Global Solutions (JGS), a global that brings together the firm's integrated risk and human capital capabilities to help Japanese multinational clients respond to changes in their domestic market while continuing to expand internationally.
The Financial Services Agency (FSA) plans to issue a partial business suspension order against Prudential Life Insurance in response to a series of customer fund misappropriation cases.
Fire insurance results in Japan have shown an improvement trend in recent years, according to Toa Reinsurance in its report "Japan's Insurance Market 2026", released earlier this month.
Life insurance major, Nippon Life will invest JPY2tn ($12.7bn) in various US AI infrastructure construction projects, reported the Nihon Keizai Shimbun.
General Insurance Association of Japan (GIAJ) Chairman Koji Ishikawa has addressed the industry, present policyholders, prospective insurance customers and other stakeholders of the industry in the country. Mr Ishikawa had taken charge as Chairman of GIAJ in late June this year.
The East Asian Insurance Congress (EAIC) announced the incoming executive board members for the 32nd EAIC. Mr Koji Takahashi was announced at EAIC President, while Dr Somporn Suebthawilkul was announced as Vice President.