Country: Japan Page 9 / 38
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- May 19 2023
Sony to spin off financial services arm housing its insurance businesses: report
Sony Financial Holdings, to be listed on the Tokyo Stock Exchange, owns the P&C business Sony Assurance and life carrier Sony Life.
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- May 17 2023
Tokio Marine withdraws from select Pacific markets: report
The insurer exits Guam and the Northern Mariana Islands as margins deteriorated in 2022 as medical claims rebounded.
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- May 12 2023
Fortitude Re opens representative office in Tokyo
The global reinsurer has appointed Hajime Kawafuji, who joins from the company's private equity owner Carlyle, as Japan chief representative.
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- May 2 2023
Pressure mounts on Japan to provide long-term solution for marine risks
While the dispensation for insuring imports from Russia's Sakhalin project remains in place, the future remains uncertain.
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- April 28 2023
Mitsui Sumitomo facing lunar loss after ispace mission failure
The Japanese carrier provided the world’s first 'lunar insurance' cover for the risks arising from the mission.
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- April 26 2023
Sompo to focus on integrating domestic and oveseas businesses: report
The Japanese group does not see the need for further acquisitions, says COO Mikio Okumura.
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- April 26 2023
Gallagher targets South Korea and Taiwan after Japan foray
Following the announcement of a corporate broking and fac operation with 15 people in Tokyo and senior regional hires, IAN understands the broker is close to launching in Korea.
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- April 21 2023
MS&AD plans to enter Japan’s small amount, short term insurance market
The insurance giant wants to establish a company in FY 2024 to enter the new market, also known as mini-insurance.
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- April 20 2023
Gallagher launches Japan commercial and wholesale fac broker
Takuya Aibe and Tetsuro Nakazawa have joined the broker from Marsh. Aibe becomes CEO of retail and Nakazawa CEO of wholesale and fac.
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- April 18 2023
Allianz Trade expands Asia excess of loss business
The global trade credit insurer will add new headcount in Singapore, Hong Kong, Australia, Japan and Malaysia.
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- April 4 2023
Easing capacity constraints offer hope for mid-year renewals: Aon
April renewals progressed in an orderly fashion as the reinsurance market has found itself on a more sustainable footing.
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- April 3 2023
Rate hikes, significant structural changes make April 1 renewals challenging: Gallagher Re
"We certainly didn’t see any meaningful new capacity, or any other indication that reinsurers are prepared to cede their hard-won pricing territory any time soon," says global chief executive James Kent.
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- April 3 2023
Japan bucks the trend with orderly 1.4 renewals
Alarmist projections of 35% hikes haven't materialised as the market saw a broad rating uplift of 15-20% with client and reinsurer expectations better aligned than at 1.1.
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- March 31 2023
Mitsui Sumitomo’s underwriting to improve to pre-pandemic levels: Fitch
The rating agency has affirmed an insurer rating of 'A+' (strong) with a stable outlook to the company.
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- March 24 2023
Japan H3 rocket failure losses trigger domestic aviation pool
With the launch costs estimated at around US$50m, the loss won’t spill over to international reinsurers.
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- March 23 2023
Japanese shipper seeks sovereign guarantee for war-risk vessels: report
NYK Line has asked the government to consider offering support similar to a 2012 bill that benefited tanker owners transporting Iranian oil amid European Union sanctions.
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- March 20 2023
Industry losses from Nanmadol revised to US$1bn: Perils
The third estimate by the loss data specialist covers property losses sustained by Japanese non-life insurers from the typhoon last year.
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- March 10 2023
Tokio Marine overseas profits to account for over 60% of total in FY 2023: Fitch
The rating agency has affirmed Tokio Marine & Nichido Fire Insurance's financial strength rating at 'AA-' (very strong) with a stable outlook.
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- March 9 2023
Sompo Japan partners space start-up to offer satellite cover
The carrier to partner with Japanese startup Warpspace, which will help assess the risk of launch accidents or collisions in orbit.
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- March 8 2023
Japan windstorm hardening in 1.4 renewals spotlight
Pressure across the reinsurance market is delaying negotiations and could push up some rates 20-30%.
