The four major Japanese insurers will report their findings to the FSA on Friday, with an anonymous source claiming 100 corporate clients have been affected by improper business practices.
The Wall Street Journal reports that James Turner resigned amidst a conflict of interest involving the hiring of a relative of a senior official at Hong Kong's Insurance Authority.
Both Bigmotor Co. and Sompo Japan are under fire as the FSA digs deeper into an insurance fraud scandal, resulting in multiple high-profile resignations including Sompo Japan's President earlier this...
Koji Hamawaki steps down after scandals involving fraudulent auto insurance contracts as questions grow about the role Hamawaki's previous employer, embattled Bigmotor Co., played in Nextage's business...
In the aftermath of fraud accusations against Bigmotor, President Giichi Shirakawa of Sompo Japan steps down — acknowledging hasty decision to resume transactions with the car dealer.
Four ex-executives at Vesttoo, alongside employees of China Construction Bank and Standard Chartered, have been implicated in a $3.4bn fraud scheme involving forged letters of credit, according to the...
Bigmotor and Sompo face imminent inspection by Japan's financial watchdog, as part of an investigation into fraudulent claims made by the user-car dealership.
Sources allege that executives at Sompo, including the President, encouraged a continuation of transactions despite concerns surrounding the used car dealer's practices.
