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...Tokio Marine is being sued by investors seeking payouts on the credit insurance, but expects no material financial impact....
...Scholar will join Japan’s biggest investment bank on Friday, the lender said....
...Earlier this month, the president of Sompo Japan Insurance, Giichi Shirakawa, said he would resign....
...So, Sompo Holdings, one of Japan’s biggest insurance companies and the operator of about 280 care homes across the country, has turned to technology to address the problem....
...“But Dai-ichi Life is clearly on the conservative side and people will look at it and say that’s Japan Inc. It’s great news for M&A in Japan.”...
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...The demise of Greensill, which was backed by Japan’s SoftBank, sparked a financial and political scandal in the UK and left investors nursing big losses....
...The bold assertion by Mikio Okumura, head of Sompo Holdings, comes as the company prepares to roll out Japan’s first dementia prevention insurance package — a product designed for the world’s oldest society...
...Axa, the group’s former chair, Allianz and Scor, as well as Japan’s Sompo Holdings, said on Thursday they were leaving the NZIA, which is one part of Mark Carney’s umbrella group called the Glasgow Financial...
...Since Ola launched in 2010 as a ride-hailing app, it has expanded into other services, such as deliveries, used-car sales and selling insurance....
...The impact on Japan’s car manufacturing will be monumental,” said Takaki Nakanishi, a veteran automotive analyst who runs his own research group....
...But Sompo Holdings, Yasuda’s corporate successor, has hit back. The company says: “For over 35 years, the Sompo Museum of Fine Art in Tokyo has proudly displayed ‘Sunflowers’....
...Days before the surprise exit of Goldman Sachs’ Japan chief Masanori Mochida, he met with CEO David Solomon to discuss succession, among other things, Business Insider reports....
...A version of this article was first published by Nikkei Asia on January 4. ©2023 Nikkei Inc. All rights reserved....
...Rakuten’s platform also offers financial services such as online stock trading and insurance sales. The Japanese banking sector’s shift to digital has lagged regional peers....
...Japan’s financial sector has wasted no time....
...But in the US, for whatever reason, insurance and banking do not grow together very well....
...Regulatory changes for insurance companies made it harder to hold equities. Retail investors, burnt as the late 1990s bubble burst, were not coming back soon....
...Japan’s stocks have been propelled by growing hopes of higher governance standards, larger share buybacks and other value-boosting measures....
...The group announced a deal with Avaloq, a Swiss provider of banking software owned by Japan’s NEC Corporation....
...That frustrating attitude to valuation is worth bearing in mind as recent activist victories are spurring fresh hope that the cash hoarded by Japan Inc could at last be freed for investor benefit, as Ethan...
...Providers include Sumitomo Life, Mitsui Sumitomo Insurance and Sompo Holdings — companies that described explosive uptake of the policies as the temperature has soared....
...Under the microscope Apollo’s bold bet on insurance has made it the envy of the private equity world. But it has also invited more scrutiny, Bloomberg reports....
...Investors are betting that Eisai, a $20bn pharmaceutical company still little known outside of Japan, can succeed where many larger companies have failed....
...On the other will be a health insurance giant. A couple of decades ago, that fight would’ve been totally uneven. Most ER medics were employed by co-operatives run by the doctors themselves....
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