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Results: 1-10 of 12

New Japanese insurance law concerning insurance contracts comes into force

  • Edwards Wildman Palmer LLP
  • -
  • Japan
  • -
  • April 8 2010

The new Japanese Insurance Act (the Insurance Act), which was passed by the Japanese Diet in May 2008 came into force on 1 April 2010

Japan reinsurance losses estimated at $30 billion

  • Edwards Wildman Palmer LLP
  • -
  • Japan
  • -
  • July 22 2011

Reinsurance broker Holborn reported that losses from the Japanese earthquake and tsunami could reach an all-time high for reinsurers at $30 billion, according to a recent article in the Insurance Insider

Japan's government will likely bear most of the damages resulting from the earthquake

  • Edwards Wildman Palmer LLP
  • -
  • Japan
  • -
  • March 17 2011

According to a recent article in the New York Times, insurance and reinsurance companies from Japan and abroad, as well as hedge funds and other investors in catastrophe bonds, are expected to bear a relatively small portion of the losses stemming from the earthquake and resulting tsunami, which is expected to exceed $100 billion

Update on Lehman Brothers insolvency proceedings in the US, UK and Japan

  • Edwards Wildman Palmer LLP
  • -
  • Japan, United Kingdom, USA
  • -
  • October 7 2008

On September 20, 2008, the Bankruptcy Court approved the sale of certain assets of Lehman Brothers Holdings Inc. ("LBHI") and Lehman Brothers Inc. ("LBI"), including those related to its Canadian Capital Markets and Investment Banking businesses, to Barclays Capital, Inc. ("Barclays"

Former Olympus chairman arrested for fraud

  • Edwards Wildman Palmer LLP
  • -
  • Japan
  • -
  • March 2 2012

Former Chairman Tsuyoshi Kikukawa and two other executives at leading camera manufacturer Olympus have been arrested in connection with their alleged involvement in an accounting fraud

Japan imposes new sanctions against Iran

  • Edwards Wildman Palmer LLP
  • -
  • Iran, Japan
  • -
  • September 7 2010

Japan moved to impose new sanctions against Iran on September 3, 2010, including freezing the assets of people and entities associated with its nuclear program and imposing tighter restrictions on financial transactions

Japan earthquake and other catastrophes likely to erase close to 25 of profit for reinsurers

  • Edwards Wildman Palmer LLP
  • -
  • Australia, Japan, New Zealand
  • -
  • April 19 2011

Recent global catastrophes are likely to erase close to 25 of first quarter profits for reinsurers with exposure to the Japan and New Zealand earthquakes as well as the Australia floods, a recent MarketWatch article reported

Personal dwelling losses top $2 billion in Japan

  • Edwards Wildman Palmer LLP
  • -
  • Japan
  • -
  • June 9 2011

A recent Business Insurance article reported that Japanese insurers have paid almost $2.27 billion to cover approximately 125,000 claims associated with earthquake damage to personal dwellings stemming from the March 11 tsunami and earthquake that devastated Japan

A reinsurance perspective: the aggregation of losses following the Tohoku earthquake and tsunami

  • Edwards Wildman Palmer LLP
  • -
  • Japan
  • -
  • December 23 2011

The converging events that led to the devastation in Japan will raise a number of issues relating to the aggregation of losses under reinsurance contracts

Japan raises nuclear alert level not seen since Chernobyl

  • Edwards Wildman Palmer LLP
  • -
  • Japan
  • -
  • April 12 2011

Japan is planning to raise the nuclear alert level at the Fukushima Daiichi power plant to a maximum seven ("Major Event") on the International Nuclear and Radiological Event Scale (INES), putting this emergency on a par with the 1986 Chernobyl disaster