Country: Japan Page 6 / 43
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- August 2 2024
Talcott secures first Japan flow reinsurance deal with Dai-ichi Frontier Life
The global life reinsurer Talcott announced the appointment of Yasuhisa Watanabe as chief representative, Asia Pacific.
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- July 31 2024
S&P Global upgrades Japan P&I outlook to ‘positive’ on strong capital position
Japan P&I will likely strengthen its capital level further and maintain solid profitability. Its has accumulated a large amount of free reserves in FY2023.
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- July 23 2024
Tokio Marine, Sompo receive FSA’s report orders on customer data leak
In their responses to the regulator's requests, the carriers have promised to continue to investigate the information leak, determine the root cause, and take thorough measures to prevent recurrence.
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- July 16 2024
GIAJ calls for revision of reserve rates for fire insurance policies
A review of catastrophe contingency reserve system is critical in light of rising nat cats losses, the industry body says.
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- July 10 2024
Toa Re FY 2023 net income up six-fold on investment gains
The group's net written premiums dropped 12.5% to JPY280.8bn (US$1.7bn), as its US and European subsidiaries reversed their losses posted a year ago.
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- July 9 2024
Mapfre Re promotes Alberto Estévez Allegue to Tokyo chief representative officer
Estévez Allegue, who has been with the reinsurer for over 12 years, was most recently project development expert director at the carrier's APAC regional management based in Madrid.
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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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- July 3 2024
Howden Re enters Japanese market with Kentaro Tada in charge
The reinsurance broker has also announced a with Tokyo-based ILS boutique Keystone ILS Capital.
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- July 3 2024
S&P affirms “stable” outlook on Allianz Fire and Marine Insurance Japan
Ratings are based on the likely support the Japanese insurer would get from the parent company during times of financial stress.
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- July 3 2024
HDI Global strengthens Japan branch with two senior hires
Yasuyuki Harada joins as deputy general manager, market management for its Japan branch; while Clara Malcolm has been promoted to senior underwriter, liability and specialty, both based in Tokyo.
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- July 2 2024
Japan hailstorm stands as only billion-dollar Asia nat cat event in Q2: Cresta
Together with Japan’s Noto earthquake, the world's nat cat events with billion-dollar insured loss totalled four in the first half of 2024.
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- July 1 2024
BMS expands Japan M&A insurance team with a senior appointment
Tokyo-based Ryo Iizuka, who joins as director of the private equity, mergers & acquisitions, and tax, will report to Tim Hewitt, head of BMS Japan, and work alongside associate Kaori Iwai.
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- July 1 2024
Miller hires veteran Kazuhiko Shinkai as head of non-marine Japan strategy
Shinkai joined from Japanese multinational group Itochu Corporation where he held a range of management roles.
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- June 28 2024
Insured losses from Japan hailstorms set to top US$1bn: Guy Carpenter
Hail had been perceived in the past as a minor peril in Japan, but recent hail events from 2022 to 2024 have shown that Japanese hailstorms can generate substantial losses.
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- June 27 2024
Japanese non-life industry underwriting income tops US$1bn in 2023: GIAJ
The industry’s combined ratio in 2023 decreased by 0.6 percentage points to 96.9% from a year ago, data from the industry body shows.
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- June 27 2024
Japanese insurers may raise voluntary motor premiums in 2026: report
General Insurance Rating Organisation of Japan, the country's only premium rating organisation, plans to raise its reference premium rates for voluntary motor insurance by an average of 5.7% as early as January 2026.
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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 25 2024
Exclusive: Gallagher retreats from Japan a year after launch
The broker closed its wholesale broking business in May while the retail agency business is expected to close by end of this month, InsuranceAsia News understands.
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- June 20 2024
Japan hailfall insurance payout reaches US$356m: GIAJ
The hail that affected Hyogo prefecture in April saw insurers settling 98% of the total 122,152 accepted as of May 31, according to GIAJ.
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- June 20 2024
Japanese carriers walk a thin line on ESG underwriting: Fitch
While the major non-life insurers have incorporated sustainability considerartions, they may face pressure from foreign investors who consider them inconsistent with global environmental standards.
