Tuesday, September 26, 2017

Japan

Sompo to sell Lloyd’s unit

Sompo to sell Lloyd’s unit

The Japanese insurer will offload Sompo Canopius to private equity firm Centerbridge Partners for ¥100b.

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Japan insurers review regional risks

Japan insurers review regional risks

Leading nonlife insurers are re-evaluating damage risks to improve their premium pricing.

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Mitsui Sumitomo to buy Singapore’s First Capital

Mitsui Sumitomo to buy Singapore’s First Capital

The deal will see it pay US$1.6bn to the existing owner, Canada’s Fairfax Financial Holdings.

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Japan Post additional sell-down likely delayed

Japan Post additional sell-down likely delayed

The government may have to wait until 2018 to further sell down its stake if price remains weak.

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MS&AD to spend US$401m for stake in Challenger

MS&AD to spend US$401m for stake in Challenger

The Japanese group will acquire a 6%-plus interest in the leading player in Australia’s superannuation industry.

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Japan’s major life groups post weaker revenues

Japan’s major life groups post weaker revenues

A decline in premium income dragged down revenues of six of the country’s seven leading life groups.

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Asia suffers US$10bn catastrophe losses in six weeks

Asia suffers US$10bn catastrophe losses in six weeks

The losses were recorded in July alone due to severe flooding, a catastrophe report from Aon says.

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Japanese life majors to cut foreign bond investment

Japanese life majors to cut foreign bond investment

Limited yields and yen risks have prompted a loss of appetite for overseas bond investments this year.

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China overtakes Japan

China overtakes Japan

The outlook for Asia’s insurance markets is varied, as China becomes the world’s second-biggest premium pot.

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Nippon Life silent on investor voting

Nippon Life silent on investor voting

The Japanese insurer will defy a guideline asking it to disclose its specific votes at shareholder meetings.

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Mitsui & Tokio Marine to cover bitcoin trades

Mitsui & Tokio Marine to cover bitcoin trades

Two Japanese insurers are set to offer compensation for failed virtual currency transactions.

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Cyber coverage surges in Japan as attacks rise

Cyber coverage surges in Japan as attacks rise

Mitsui Sumitomo said its cyber insurance policy sales have increased by 250%.

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Tokio Marine raises stake in Indian unit

Tokio Marine raises stake in Indian unit

The Japanese insurer now holds 49% in the unit after buying an additional 23% stake for US$392m.

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Willis Towers Watson appoints regional head of investments

Willis Towers Watson appoints regional head of investments

Based in Tokyo, Taro Ogai will succeed Naomi Denning, who will be leaving the company.

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Interest rate risk hounds Japanese insurers

Interest rate risk hounds Japanese insurers

Life insurers are failing to extend the duration of their assets because of lingering low bond yields in Japan.

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Top Japanese life firms post steep premium income fall

Top Japanese life firms post steep premium income fall

The negative interest rate policy of Japan’s central bank has weighed on investment income.

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Dai-ichi Life posts sixth straight record profit year

Dai-ichi Life posts sixth straight record profit year

Japan’s third-largest life insurer by revenue posted a net profit increase of 29.6% in the latest fiscal year.

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Tokio Marine to invest more in US corporate debt

Tokio Marine to invest more in US corporate debt

Rising hedging costs are making investment in foreign government bonds less appealing for Japanese insurers.

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SUMMER 2017

House of cards

From supply chains to cyber, we discuss emerging risks with a roundtable of Singapore risk managers