Country: Japan Page 14 / 49
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- April 30 2024
Dual launches title insurance for real estate, M&A deals in select APAC markets
The MGA's new offering will focus on commercial property deals in Australia, New Zealand, Hong Kong, Singapore and M&A transactions will also extend to Japan and South Korea.
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- April 29 2024
‘Sushi terrorism’ puts reputational risk insurance in Japan centre stage
Reputation management was once little more than an afterthought for many companies, outsourced to crisis communication teams, however, the rise of social media is changing perceptions.
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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
Noto earthquake insurance payout approaches US$500m: GIAJ
The claims have increased 3.5 times since January 31 and rose by 22% since the last tally on March 8.
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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 3 2024
APAC markets see stable renewals on ample capacity, reinsurer appetite: brokers
The supply-demand dynamics have shifted in favour of reinsurance buyers in the April renewals, leading to better pricing and easing of market conditions across Japan, India, Korea, the Philippines and China.
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- April 2 2024
Sompo’s Kenneth Reilly takes over from Daniel Neo as Asia Pacific CEO
Reilly, who will relocate to Singapore, will retain his current role as head of Tokyo office for the carrier.
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- April 2 2024
Noto earthquake is the only billion-dollar event in ‘benign’ Q1: Cresta
The January 1 earthquake in Japan has an estimated US$1.9bn insured loss, according to the insurance industry organisation.
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- April 2 2024
Malakut sets up Japanese insurance brokerage department, names Sogo Yasuda as head
Prior to joining Malakut, Yasuda was the chief commercial officer, Japan Global Solutions (Europe, Middle East and Africa) at AON for more than three years from October 2021.
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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 27 2024
Marsh Asia appoints Alexander Pui to its climate and sustainability advisory team
Tokyo-based Pui was previously executive manager, climate scenario analytics, at Commonwealth Bank for nearly two years from March 2022
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- March 27 2024
Japan 1.4 renewals ‘orderly’ with risk-rated hikes
While structures and terms and conditions are expected to stabilise, shrinking capacity from major Japanese players is forcing cedents to explore new capacity from global insurers.
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- March 22 2024
Tokio Marine secures US$100m Japan EQ capacity with Kizuna Re III cat bond
The Singapore-domiciled bond is the first time a Japanese sponsor has used a World Bank Group Sustainable Development Bond as collateral.
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- March 22 2024
Noto earthquake payouts top US$400m: GIAJ
The total number of accepted claims from the January 1 event has increased to 115,211 as of March 8.
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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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- March 14 2024
Japan’s latest rocket launch loss unlikely to hit international markets
The space (re)insurance market that suffered a bruising 2023, with a heavy loss experience that ripped through its premium base, spared the claims from the failed experimental launch.
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- March 14 2024
Tokio Marine sets decarbonisation goal for 60 emission-heavy companies
Companies that fail to set up decarbonisation plans by 2030 will be cut off from its insurance underwriting, investment and financing, the Japanese insurance group said.
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- March 6 2024
Sompo to align global P&C reinsurance purchase with senior appointment
Group veteran Koji Takahashi has been named chief risk officer and head of reinsurance for Sompo Japan and he will work closely with SompoRe.
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- March 1 2024
Scandal-hit Japanese carriers’ disciplinary actions to see senior management pay cuts, resignations
At Sompo Japan CEO Giichi Shirakawa and deputy Satoshi Iitoyo have stepped down, while all four Japanese insurers have announced reduction in the remuneration of senior executives for a limited period as well as strengthening of their audit systems.
