trending Market Intelligence /marketintelligence/en/news-insights/trending/Vee0wBvjiTUlh7EIX1A5OA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Government to delay Japan Post share sale after insurance scandals

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did


Report: Government to delay Japan Post share sale after insurance scandals

The Japanese government could delay its plan to sell about $10 billion of Japan Post Holdings Co. Ltd. shares after scandals involving its insurance units, Bloomberg News reported, citing people familiar with the situation.

Concerns over corporate governance and a fluctuating stock price could mean the sale of a third and final tranche of shares being delayed beyond the current fiscal year, with the timings of any sales beyond that point also still unclear, the people said, asking not to be named as the discussions are private.

The finance ministry had hoped to sell up to 1.06 billion shares as early as September, but this was disrupted after customers of Japan Post Insurance Co. Ltd. were found to have gotten poorer terms after switching to new policies at the recommendation of the company's sales staff. Japan's Financial Services Agency is likely to impose a three-month ban on new insurance sales by the two companies as a penalty for the irregular sales practices, The Asahi Shimbun reported recently.

The government raised about 2.8 trillion yen from two earlier sales of Japan Post Holdings shares, with an overall goal of 4 trillion yen by the year ending March 2023 to help fund recovery efforts from the 2011 earthquake and tsunami. A year-to-date fall of about 19% in the company's share price means that it currently trades below the level that would be needed to raise the required 1.2 trillion yen, Bloomberg noted.