Country: Japan Page 13 / 40
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- December 2 2022
Japan’s insurers to improve profitability from domestic underwriting in 2023: Fitch
All three major non-life groups’ net insured losses from local nat cats more than tripled in H1 2022/3.
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- November 30 2022
SMBC Aviation starts litigation against 11 insurers over jets in Russia
The Japanese lessor, which had recognised a US$1.6bn impairment this year, has filed a suit in the Irish High Court seeking claims for its 34 planes.
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- November 30 2022
Tokio Marine-backed ICEYE in Asia nat cat data push
The Finnish satellite tech provider, which offers disaster claims management services, is looking to expand beyond Australia and Japan.
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- November 22 2022
MS&AD to reduce headcount by 6,300 by end of FY 2025
1,900 roles will go by the end of March 2023 as the Japanese giant charts out a three-point plan to improve earnings structure.
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- November 21 2022
Japan’s big three post massive H1 underwriting losses on nat cats, Covid-19
While Sompo Holdings and MS&AD Insurance Group posted net losses for their first six months of the fiscal year, Tokio Marine saw a 70% fall in profits.
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- November 18 2022
Tokio Marine announces US$357m share buyback plan
The Japanese giant will repurchase 25m shares from November 21 through March 24, 2023 'to implement flexible financial policies'.
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- November 18 2022
Water-related losses highest in Asia, more stress likely, warns WMO
In Asia, the highest adaptation cost is estimated for China at US$189bn, followed by India at US$46bn.
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- November 17 2022
Ex-Aon Securities MD Shinji Yamamoto launches ILS boutique
He was head of capital markets and ILS divisions in Asia for the global broker, based in Japan.
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- November 15 2022
Japan’s P&C ‘Big Three’ chart growth via overseas acquisitions
MS&AD, Tokio Marine & Sompo keen for niche strategic deals while ensuring dividend payouts.
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- November 11 2022
PGA Sompo’s outlook revised to ‘good’: AM Best
The Makati City-headquartered insurer holds a 3% non-life market share in the Philippines.
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- November 10 2022
Tokio Marine opens digital labs in Singapore, Taipei and Tokyo
The Japanese giant is creating a new ecosystem, inspired by its Brazilian app.
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- November 1 2022
Typhoon Nanmadol losses expected at US$775m: Perils
Claims are lower than initially feared from the powerful Japanese storm.
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- October 25 2022
Analytics: APAC nat cat damage 43% below average for H1
Flooding in Australia/China and an earthquake in Japan accounted for nearly half of these losses.
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- October 17 2022
Volante charts ambitious APAC play
The London-based specialty carrier is set for Lloyd's foray in Singapore, Australia, Japan and India as well as in the Middle East and Africa, IAN can reveal.
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- October 13 2022
Opinion: Can reinsurers step up to Japan’s offshore ambitions?
Carriers are reluctant to provide capacity for offshore wind farm construction and operational risk covers.
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- October 7 2022
Japan non-life insurers have ‘stable’ outlook: AM Best
Higher loss ratios for motor insurance, personal accident and marine could impact insurers’ underwriting profitability.
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- September 30 2022
Nanmadol insured losses could hit US$6bn
Japanese cat bond issuers are under scrutiny as losses will likely attach some higher-risk reinsurance layers.
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- September 29 2022
Gallagher Re shakes-up APAC senior team
David Bangs takes over as head of Gallagher Re APAC from Robin Swindell, who heads to Tokyo in a senior role.
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- September 23 2022
Market braces for Nanmadol loss creep
Secondary perils could play a major role after mid-single digit billion loss estimates.
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- September 22 2022
Tokio Marine’s Kosuke Hashimoto starts new IUMI vice president role
TM&NF's marine underwriting manager joins new IUMI president Frédéric Denèfle, Garex managing director, on the committee.
