Company: Mitsui Sumitomo Insurance Page 1 / 2
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- November 1 2024
Japanese watchdog fines non-life insurers US$13m for price fixing
The report highlighted the summary of violations of antitrust rules by Mitsui Sumitomo, Sompo Japan , Aioi Nissay Dowa and Tokio Marine & Nichido Fire.
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- August 12 2024
Mitsui Sumitomo Oceania hires David Hall as head of distribution
Sydney-based Hall joined from Envest where he was head of mergers, acquisitions and advisory for nearly two years from March 2022.
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- August 8 2024
Japanese insurers to raise fire insurance premiums from October: report
The big four plans to corporate premiums by up to 15% because of deteriorating profitability in their fire insurance line.
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- July 17 2024
Mitsui Sumitomo-backed Haven Underwriting launches in Australia
Sydney-based MGA, founded by Barnaby Williams, will offer industrial special risk property cover.
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- June 26 2024
Mitsui Sumitomo plans to merge continental European subsidiaries
The Japanese insurance group has announced that it will integrate MS Amlin Insurance and MSIG Insurance Europe by summer next year.
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- June 17 2024
Cyber premium pool to outstrip other financial lines, says MSIG’s Andrew Taylor
Demand for cyber cover is rising in the region as AI is being exploited by criminals to launch more sophisticated attacks, while D&O, PI continue to face pricing pressure, says the regional head of financial lines.
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- June 17 2024
Japan’s big four submits business improvement plans to FSA for price-fixing
- Legal/Regulatory
- Japan
- Aioi Nissay Dowa Insurance
- Mitsui Sumitomo Insurance
- MS&AD
- Sompo
- Tokio Marine & Nichido Fire
Assessment of risks, employee surveys, effectiveness verification, second-line monitoring and internal audits are among the solutions announced by MS&AD subsidiaries.
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- June 11 2024
Mitsui Sumitomo, Aioi Nissay Dowa to improve underwriting profitability: AM Best
The rating agency has affirmed an A+ (superior) to Mitsui Sumitomo, its US-based operating companies and to Aioi Nissay Dowa Insurance and A- (excellent) to Aioi Nissay Dowa Insurance (China) Company.
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- May 30 2024
MSIG HK’s underwriting to stay profitable over next two years: S&P Global
S&P has affirmed its "A+" rating on the insurer with a stable outlook, as the carrier will preserve profitability through its stable Japan-related business.
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- May 29 2024
Geographic diversification will support Japan P&C insurers’ profitability: Moody’s
- P&C
- Japan
- Aioi Nissay Dowa Insurance
- Mitsui Sumitomo Insurance
- MS&AD
- Sompo
- Tokio Marine
- Tokio Marine & Nichido Fire
While the sector's outlook is stable, the insurers' overseas premium growth would slow in the next 12-18 months, the rating agency said.
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- May 24 2024
Japan’s big 4 admit to leaking customer data to competitors: report
- Non-life
- Japan
- Aioi Nissay Dowa Insurance
- Mitsui Sumitomo Insurance
- MS&AD
- Sompo
- Tokio Marine & Nichido Fire
Agencies handling policies for Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance, Mitsui Sumitomo Insurance, and Aioi Nissay Dowa Insurance were sharing motor insurance customers' names, policy numbers, premium amounts and maturity dates.
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- May 15 2024
Japan’s big 4 face price fixing allegations in group insurance policies: report
The insurers, who have in the past been accused of cartelisation in commercial insurance policies, are facing regulatory probe over personal insurance pricing.
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- April 25 2024
MSIG Singapore could post modest premium growth in 2024: S&P Global
S&P Global Ratings affirmed MSIG Singapore's "A+" local-currency financial strength rating with a stable outlook.
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- April 11 2024
MSIG Hong Kong promotes Shujiro Suzuki as deputy CEO
Suzuki succeeds Hideaki Amasaki, who has started a new role as general manager of Mitsui Sumitomo Insurance’s international business department in Tokyo.
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- April 2 2024
MS&AD completes US$200m dual-tranche Singapore cat bond for Japan nat cats
The bonds will provide Mitsui Sumitomo and Aioi Nissay Dowa with US$100m each of protection for four years.
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- February 16 2024
Mitsui Sumitomo plans to expand MS Amlin’s London capacity by 50% in 5 years: report
The Japanese group will invest more into the specialty player and use it as a driver to lead its international growth going forward.
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- February 13 2024
FSA orders Japan big four carriers to step up cross-holdings divestment: report
- Casualty
- Japan
- Aioi Nissay Dowa Insurance
- Mitsui Sumitomo Insurance
- MS&AD
- Sompo
- Tokio Marine & Nichido Fire
The four major non-life players at the centre of the price-fixing scandal must speed up unwinding their cross-shareholdings as the regulator tightens it scrutiny, Nikkei Asia reported.
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- December 22 2023
FSA to issue business improvement orders to Japan’s big four for price-fixing: report
- Legal/Regulatory
- Japan
- Aioi Nissay Dowa Insurance
- Mitsui Sumitomo Insurance
- Sompo
- Tokio Marine & Nichido Fire
The regulator has determined that there were deficiencies in the company's internal control system, including rampant transactions that could potentially constitute cartels.
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- September 19 2023
FSA searches Sompo Japan premises over Bigmotor probe: report
The inspection is to determine the extent to which the insurer was aware of Bigmotor's fraudulent activity.
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- August 22 2023
Mitsui Sumitomo pays out US$26m to ispace in lunar insurance claims
The Japanese space startup received the insurance payment on August 18 following the failure of its Hakuto-R Mission 1 lander mission in April this year.
