Japanese insurers Nissan Fire and Marine and Yasuda Fire and Marine have cancelled their merger deal to form Sompo Japan with bankrupt Taisei Fire and Marine.
But the three companies said they would make every effort launch Sompo under a new arrangement.
Taisei Fire's collapse in late November, due to heavy insurance payments related to the11 September terrorist attacks in the United States, forced the abolition of the three-way merger plan to create Sompo in April 2002.
It is understood that Nissan Fire and Yasuda Fire still plans to serve as sponsors for Taisei Fire's rehabilitation.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
