Company: MS&AD Page 1 / 2
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- July 4 2024
Japan’s big 4 insurers see lackluster premium growth in H1 2024
Most insurers recorded total premium growth by 3% for the six months to June 2024, with compulsory motor liability insurance posting declines year-on-year while fire insurance registering growth.
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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 auto insurance customers' names, policy numbers, premium amounts and maturity dates.
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- May 20 2024
MS Reinsurance swings to US$366m profit in 2023
The firm’s combined ratio improved to 90.5% from 98% in 2022, GWP for the period topped US$3bn.
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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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- May 7 2024
MS&AD’s new CEO vows to fast-track unwinding of strategic holdings: report
Shinichiro Funabiki, the incoming group chief executive, has pledged to sell down cross-holdings in two years as part of a wider clean-up of the group's governance.
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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 22 2024
MS&AD Group’s outlook stable but acquisition may bring volatility: S&P Global
The rating agency has affirmed the carrier's 'A+' rating following revised capital model criteria, but noted that overseas acquisitions could bring volatility to its capital.
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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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- March 18 2024
Japan’s big three to improve motor COR to 95% by 2026: Jefferies
The improvement will be driven by premium hikes, efficiency gains and lower expense ratio, according to a report by the investment bank.
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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 15 2024
Overseas growth drives Japan’s big three as domestic premiums flatten
The third quarter results reported by MS&AD, Tokio Marine and Sompo Group show strong top-line growth and substantial improvements in profits from international arms due to lower nat cat losses, reduced Covid-19 losses and forex gains.
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- February 14 2024
MS Amlin COR for 9M FY 2023 improves to 90%, reports solid top-line growth
The MS&AD-owned specialty (re)insurer reported insurance service profit of US$309m, reversing the loss reported a year ago.
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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.