Japan
Japan’s insurance claims reach Y23.9b end-July – GIAJ
Japan’s insurance claims reach Y23.9b end-July – GIAJ
Heavy rainfall at the beginning of the month was noted by the association.
BMS Group names Tim Hewitt as Head of Japan
Hewitt will oversee inbound-outbound M&A activities in Japan.
Nippon Life shows robust capitalisation, profitability faces pressure from forex: Moody’s
Nippon Life's economic capitalisation improved to 244%.
Tokio Marine sells Guam subsidiary to Calvo Enterprises
To validate capital efficiency improvement and risk diversification efforts, TMPI was put up for sale.
Sluggish Dai-ichi Life first quarter performance effect of hedged bonds sale: CreditSights
Despite higher interest income from unhedged foreign currency bonds, it couldn't offset this decline.
Tokio Marine HCC acquires renewal rights for US insurer’s portfolio
Employees of the US insurers will transition to Tokio Marine HCC.
Japan casualty insurers under suspicion for policy price-fixing
This suspected price-fixing practice is now under investigation.
Tokio Marine finishes acquisition of Gulf Guaranty Employee Benefit Services
The company was acquired through the wholly owned subsidiary HCC Insurance Holdings.
General Insurance Association of Japan shows tax reform requests FY2024
The reforms shall contribute to economic growth and societal development.
Japanese auto dealer allegedly forged insurance contracts: report
FSA is currently investigating whether Bigmotor's operations as an insurance agent were problematic.
Tokio Marine Kiln determines new APAC cyber underwriter
Sam Bye will assume his position as cyber underwriter at TMK starting on 1 August.
Tokio Marine & Nichido Fire Insurance face natural catastrophe risks: Moody’s
The insurer is expected to maintain its strong capitalisation and market position.
Tokio Marine launches intelligence platform
Tokio Marine hopes to attract insurtechs for product development and innovation.
GIAJ names new chairman, introduces priorities for coming year
His key policies and initiatives involve digitalisation, climate change, and sector awareness.
Profitability of Japanese non-life insurance to recover in 2024
It is anticipated that Japanese non-life insurance groups will uphold robust capital adequacy.
Mitsui Sumitomo Insurance's strategic initiatives to drive performance: AM Best
Potential risks may arise from MSI’s stock investments and bond holdings.
Profitability of Japanese life insurers to rebound: Fitch
Insurers will see resurgence of overall profitability by 2024.
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