Japan
MS&AD to merge Mitsui Sumitomo, Aioi Nissay Dowa by April 2027
MS&AD to merge Mitsui Sumitomo, Aioi Nissay Dowa by April 2027
The merged entity could equate to the Japanese insurer holding the top market share.
1 day ago
Fortitude Re completes $4b reinsurance deal with Taiyo Life Insurance
The deal transfers a part of Taiyo Life’s whole life annuity business to Fortitude.
1 day ago
GIAJ approves guidelines to enhance insurance agent business quality
Education and examination system for agents and solicitors will also be improved.
2 days ago
Mitsui Sumitomo to invest $4b for 15% stake in W. R. Berkley
MSI expects to finalise the investment within the 2025.
3 days ago
Tokio Marine expands climate strategy to cover 200 major emitters
They account for 90% of emissions.
Nippon Life’s net income surges 63% YoY in 9M 2024
Ordinary expenses narrowed to $3.2b.
Aon acquires Mitsubishi Chemical's insurance agency business
The deal adds 100 new employees to Aon in Japan.
Japan Post Insurance to invest up to $2b in reinsurance vehicle
The company aims to deploy capital as early as 2026.
Mitsui Sumitomo sees profit rise with strategic divestments: Fitch Ratings
Fitch also anticipates an improvement in underwriting profitability.
Smartpay, Chubb launch embedded insurance in Japan
Cashless payments account for 50% of consumer monthly spending in Japan.
Japan's insurance market to grow $47b by 2029
The ageing population is boosting demand for long-term care.
Tokio Marine & Nichido Fire underwriting profits to improve amidst rate hikes
Fitch expects premium rate increases to continue driving better underwriting results.
Japan faces harsher commercial insurance terms
Four major insurers have adopted stricter underwriting practices.
Dai-ichi Life maintains stable outlook: AM Best
The parent company saw its total reported capital rise by 46% YoY.
MS&AD net income doubles to $4.13b in 9M 2024
Thanks to higher ordinary profit, which surged 113.4% YoY.
Sompo Holdings segregates business into two global divisions
Additionally, key leadership appointments have been made.
Sompo’s 9M 2024 net income jumps 17.7% YoY
Thanks to higher underwriting income.
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