Japan: Insurance & Reinsurance 2016
As a result of the Bank of Japan’s easy money stimulus policies, the last year has seen Japanese insurance firms pursue opportunities in alternative markets. Last June, Tokio Marine Holdings Inc agreed to buy US insurer HCC Insurance Holdings Inc for $7.5 billion, making it, the largest acquisition ever by a Japanese insurer, according to Reuters. Foreign jurisdictions, in particular the US, are now garnering the attention of cash-rich Japanese companies who, facing a declining domestic market, are now looking elsewhere for business prospects. The practice area is particularly specialised, with only two leading individuals recognised here for their expert knowledge of the market.
At Anderson Mori & Tomotsune, Tomoki Debari’s “distinguished practice” includes M&A transactions involving insurance companies, the formation and licensing of insurance businesses, and insurance and reinsurance disputes. He is certainly “the go-to lawyer in the country”, according to a number of international peers.
Keitaro Oshimo at Nagashima Ohno & Tsunematsu is highly regarded in the international market for his expertise in insurance transactions and litigation. “He’s very knowledgeable and extremely clever,” according to one source.