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Japan's April Reinsurance Renewals Stabilize After Two Years of Catastrophe Upheaval
March 11, 2011 earthquake. There was also a "less dramatic upswing in pricing for windstorm excess of loss placements," although these covers had run loss-free for several years. ...
Source: BestWire   Date: April 2, 2013
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Investment Losses Clip First-Half Nonlife Income of Japan's Top Insurers
Financial Services Agency. Deteriorating stock market conditions continued to erode business performance of the three nonlife groups, which posted an aggregate investment loss of ...
Source: BestWire   Date: December 18, 2012
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Toa Re: Japan's Insurers Strengthen Underwriting Terms Following Cat Losses
Toa Re, Japan's major reinsurer. Japanese insurers "are taking measures including increasing premium rates for extended earthquake coverage for companies." For catastrophe events, ...
Source: BestWire   Date: July 11, 2012
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Amid a Tough Climate, Rebounding Profits Seen for Japan's Top Insurers
President Koichiro Watanabe. Ordinary profit increased significantly due to improved investment, but the rise was offset by the negative impact of decreased deferred tax assets due ...
Source: BestWire   Date: June 12, 2012
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Politics, Economy Complicate Insurance Market Reform in Japan
Japan Post Bank - by the end of September 2017. The newly revised law has removed that deadline, making it possible for the privatization to be postponed. "The privatization of ...
Source: BestWire   Date: May 8, 2012
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Japanese Insurance Groups Consolidate Units to Boost Profitability
Sompo Japan Insurance Inc. and Nipponkoa Insurance Co. Ltd., both major nonlife units of NKSJ Holding Inc., point to this effort to increase profitability through greater ...
Source: BestWire   Date: March 30, 2012
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Despite Record Losses, Japan Maintains Center Stage for April Reinsurance Renewals
South Korea and India, all have major treaty renewals on April 1. Japan's renewals are important because its nonlife reinsurance market - estimated at US$6.7 billion - is one of ...
Source: BestWire   Date: March 27, 2012
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MS&AD Expects 2011 Loss Due to Thailand Floods
Insurance Group Holdings Inc. said it expects a net loss of 145 billion yen (US$1.87 billion) for the 2011 fiscal year ending March 31, 2012, due to losses related to floods in ...
Source: BestWire   Date: February 14, 2012
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Domestic Economic Concerns Drive Japanese Insurers Into Overseas Markets
United States over the past year. The country's three major nonlife insurance groups are "pursuing global expansion and expansion of life subsidiaries by utilizing their sales ...
Source: BestWire   Date: February 7, 2012
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Japan's NKSJ Expects Bigger Net Loss on Thailand Flood Impact
Sompo Japan carries 36.1 billion yen, and Nipponkoa will take a 36.5 billion yen hit. Overseas subsidiaries including SJ Singapore and SJ Thailand will absorb 28.7 billion yen in ...
Source: BestWire   Date: January 27, 2012
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Aon Benfield: Thailand Flooding to Cost Insurers More Than US$10 Billion
Aon Benfield, in a statement. Commercial and personal properties, with about 4 million homes and thousand of businesses, were damaged by the floods across Thailand. "The losses ...
Source: BestWire   Date: December 7, 2011
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Thailand Floods Hit Earnings Forecasts for Japan's Three Major Nonlife Groups
Thailand floods and other natural perils in Japan. The three groups posted combined total estimated losses of about 260 billion yen (US$3.4 billion) from the Thailand floods. Tokio ...
Source: BestWire   Date: November 21, 2011
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Japan's Insurers Adapt to Regulator's Move Toward Global Solvency Standards
Solvency II or with similar measures. As a result, some Japanese insurers have been raising capital through various means such as equity and issuing subordinated bonds based on ...
Source: BestWire   Date: November 8, 2011
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In Wake of Japan Quake Reinsurers Seek Improvement on Rates and Terms
Hiroshi Fukushima, president and chief executive of Toa Re. Reinsurers will require improvements in treaty terms and conditions, including reinsurance rates on next April renewals, ...
Source: BestWire   Date: September 12, 2011
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Japan's Nonlife Nonlife Sector Records 847 Billion Yen in Quake Claims
General Insurance Association of Japan. Nonlife insurers have received 588,239 claims, with 440,612 claims already settled, according to the trade body representing 26 nonlife ...
Source: BestWire   Date: June 1, 2011
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Tokio Marine Revises Profit Forecast Downward Due to Earthquakes
Tokio Marine Holdings Inc. has revised its profit forecast for fiscal 2010 downward as result of losses from the earthquakes in Japan and New Zealand attributed to its domestic and ...
Source: BestWire   Date: May 6, 2011
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Japan's Top Nonlife Groups Revise Profit Forecasts Downward as Quake Takes Toll
Insurance Group Holding Inc. and NKSJ Holding Inc., have revised their business forecasts downward due to losses from the March 11 earthquake and tsunami in Japan. MS&AD, the ...
Source: BestWire   Date: May 4, 2011
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Marsh: Insurer Profits in Australia, New Zealand Will be Hit by Recent Catastrophes
Nonlife insurers in the Australia/New Zealand region will face greater pressure on profitability as reinsurance costs are set to rise due to recent catastrophe events that have ...
Source: BestWire   Date: April 26, 2011
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Tokio Marine Says Japan Quake Won't Affect Financial Position
Tokio Marine Holdings Inc. said its business operations and financial strength will not be affected by the March 11 earthquake and tsunami in Japan. "We believe at this moment that ...
Source: BestWire   Date: March 21, 2011
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Japan's Nonlife Insurers Confident of Capital Adequacy With Backing From Reinsurance, Government Programs
Insurance Association of Japan. Nonlife insurance companies' solvency margins, an indicator of liability and capital strength, are at a substantially adequate level in Japan, said ...
Source: BestWire   Date: March 17, 2011
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