The acquisition is part of Sompo’s strategy to expand its presence in the corporate insurance market by widening its portfolio of specialised solutions.

One major insurance company has admitted to being reluctant to look into suspicious activity at Bigmotor Co. repair shops despite the alarm being raised by one of the insurer’s own representatives.

As per the report, Universal SOMPO's current shareholding comprises SOMPO with 34.61%, Indian Bank with 28.52%, Indian ...

TOKYO (Reuters) -Sompo Holdings said on Wednesday that it would acquire New York-listed Aspen Insurance Holdings for about $3.5 billion, joining a number of Japanese financial firms that are investing ...

Sompo Japan Insurance Inc. President Giichi Shirakawa will step down to take responsibility for the company’s handling of alleged fraudulent insurance claims by leading used car dealer Bigmotor Co., ...