Country: Japan Page 1 / 40
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- December 2 2024
Tokio Marine puts Korean reinsurance business in run-off as part of strategic shift
Despite this retreat, the company says it remains focused on pursuing bolt-on acquisitions that align with its overseas growth goals.
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- November 28 2024
Sompo targeting US$1bn GWP from overseas business by FY 2026
It continues to eye geographic expansion and is actively working on M&A, the Japanese insurer said in its mid-term management plan.
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- November 27 2024
Japanese, Korean trade insurers face US$100m+ exposure in Northvolt bankruptcy: report
The government-owned credit guarantee agencies NEXI and K-Sure had covered loans to the Swedish battery maker that filed for a Chapter 11 reorganisation in the US.
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- November 26 2024
Sony Financial Group acquires Japanese digital insurer justInCase
The acquisition is aligned with the group's strategy to look at the small-amount, short-term insurance businesses as a way to expand its customer base.
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- November 26 2024
Aon to acquire Mitsubishi Chemical Group’s in-house insurance agency in Japan
The in-house team will transition to the broker's brand and operating model under the leadership of country head Tatsuya Yamamoto after the close of the transaction.
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- November 25 2024
MS&AD reports 18% reduction in greenhouse gas emissions
The carrier's interim target is to reduce emissions by 37% by FY 2030 compared with FY 2019 levels.
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- November 20 2024
Japan’s big three post US$8bn windfall from strategic holdings unwind
The major insurance groups also showed significant improvements in H1 CORs as they benefitted from benign loss environment at home and overseas and robust premium growth.
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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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- October 31 2024
Sompo, Bigmotor to investigate past claims frauds to compensate customers
Bigmotor has changed its name to BALM following the scandal and is planning to announce a concrete recovery strategy for customers next month.
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- October 29 2024
WTW launches Japan retail broking business
The new business, WTW Broker Japan, is in addition the group’s existing agency business and will offer insurance solutions to commercial clients, as well as fac placement to partner brokers.
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- October 29 2024
APAC 9M economic losses from nat cats topped US$70bn: Aon
The damage from the first nine months of the year is higher than the US$69.6bn in economic losses caused by natural perils for the whole of last year.
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- October 21 2024
Miller reinforces Japan non-marine business with senior Marsh hire
Satoshi Watanabe will be responsible for expanding the broker’s non-marine arm, reporting to Tokinori Kono, head of non-marine broking for the firm's Japanese arm, Lead Insurance Services.
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- October 18 2024
WTW taps Tatsuro Nakamura as Japan head of construction
Nakamura, who joins from Starr Indemnity and Liability, will support the broker's One WTW strategy, working with regional and global clients.
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- October 17 2024
Mitsui Sumitomo to offer Australia cyber capacity to Coalition
The multi-year agreement, starting January 1, 2025, will include collaboration on cybersecurity solutions for small and medium-sized enterprises in Japan.
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- October 15 2024
P&C insurers in Asia have much higher equity risks than US peers: Moody’s
Equity risks accounted for 32% and 24% of total required capital for Chinese and Taiwanese insurers and for 33% for Japanese insurers, compared to 10% for US carriers, according to Moody's latest Capital Tool analysis.
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- October 11 2024
Tokio Marine achieves carbon neutrality in FY2023
The group has set a target US$316.8m in decarbonisation-related insurance premiums on a global basis by the end of FY 2026.
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- October 4 2024
Brokers take measured approach to crack Japan’s US$62bn premium pot
With expectation for more intermediation, Western brokers are taking different approaches to entering the world's fourth largest insurance market.
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- October 3 2024
Opinion: What has happened to the ESG agenda?
While financial services jargon changes with each decade, time has shown that it is the policy that matters, not the presentation.
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- October 2 2024
Typhoon Shanshan claims climb to US$180m in Japan
Fire insurance losses accounted for the bulk of 90% of the claims paid out and 85% of claims filed after the strongest typhoon to hit the country in decades made landfall in south-west Japan on August 29.
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- September 30 2024
Tokio Marine sets US$317m decarbonisation premium target for FY 2026
The new interim target is part of the carrier's goal to achieve net zero by 2050 and is 27% higher than its previous target set for FY 2023.
