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1 through 20 of 20 matching documents, best matches first.   Sort by date

Japan’s Nonlife Premiums Fell Slightly in 2018, Partly Due to Sale of Some Overseas Units
Sompo and Tokio Marine. The net income of the three groups aggregately increased 6.2% to ¥614 billion in the 2018 fiscal year, said the FSA. Despite the impact of natural ...
Source: BestWire   Date: July 16, 2019
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Japanese Nonlife Sector Capitalization Robust, Offsetting Higher Reinsurance Cost With Premium Hikes
Best Asia-Pacific Ltd. The impact on profitability from the rising reinsurance costs is expected to be offset by the rate hikes to some extent, said Shum. For the 2019 fiscal year ...
Source: BestWire   Date: June 21, 2019
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GIAJ: Japan’s 2018 Typhoons and Flood Losses Exceed ¥1.5 Trillion
General Insurance Association of Japan. Typhoon Jebi resulted in ¥1.1 trillion in insurance claims, becoming the costliest typhoon and flood loss event in Japan. Fire, automobile ...
Source: BestWire   Date: May 28, 2019
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Japanese Insurers Seek M&A Targets to Aid in Diversification
Willis Towers Watson said in a report. Japanese buyers have an appetite for assets that complement their local portfolios, particularly for specialty business areas and less ...
Source: BestWire   Date: January 25, 2019
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Sompo Revises Downward 2018 Profit Forecast With Projected ¥175 Billion Loss From Domestic Cats
Japanese group's financial statement. Domestic natural catastrophes are expected to bring a net incurred loss of ¥175 billion for the full 2018 fiscal year, said Sompo. Its net ...
Source: BestWire   Date: November 26, 2018
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Brokers: Japan’s April Renewals Followed Disciplined Softening Trend, With Centralized Approach By Nonlife Groups
For instance, MS&AD Insurance Group Holdings Inc. is working to integrate the Lloyd's syndicates and reinsurance operations under MS Amlin in 2017. The integration is expected to ...
Source: BestWire   Date: April 12, 2017
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Lawyer: Reinsurance Regulations Still Under Development in Asia
Myanmar and Vietnam are examples of this approach. However, none of these countries have a reinsurance market and ultimately the state reinsurers turn out to international markets ...
Source: BestWire   Date: August 29, 2016
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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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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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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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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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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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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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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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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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Japan's Domestic Insurers Expected to Bear Brunt of Quake Losses
Estimated insured losses for property ranges from 1.2 trillion yen (US$15 billion) to 2.8 trillion yen, but those estimates are preliminary and exclude tsunami-related damage and ...
Source: BestWire   Date: March 14, 2011
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Economic Recovery, Solvency Regulation and Overseas Expansion Shape Japan's Reinsurance Market
Hiroshi Fukushima, president and chief executive of Toa Re. There are some concerns of decreasing reinsurance capacity in overseas markets due to the appreciation of the yen ...
Source: BestWire   Date: January 4, 2011
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Catastrophes, Consolidation Among Defining Reinsurance Trends in Asia
Aon Benfield Asia Pacific. Reinsurance rates are expected to remain stable for most lines except for loss-affected layers, he said. In the absence of significant losses before year ...
Source: BestWire   Date: October 19, 2010
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