Japan insurance market News

Chubb Appoints Sosa to Lead Operations in Japan

Chubb Limited announced that Diego Sosa has been named regional president, Far East. Currently, chief operating officer for Chubb in Brazil, Sosa in his new role will have overall responsibility for the management and business results of Chubb’s general insurance …

Tokio Marine Eyed PURE for Years. Yankees-Red Sox Finally Brought Them Together.

PURE Group, the high-net-worth insurer set to be acquired by Tokio Marine Holdings Inc., had been on the Japanese company’s radar for more than a decade. After PURE was created in 2006, Tokio Marine tried to set up a meeting …

Japan Post’s IPO Raises $12B in Country’s Biggest Privatization Since 1987

Japan Post Holdings and its two financial units burst out of the gate with gains of 16 to 33 percent on debut on Wednesday, after the government raised $12 billion from the triple IPO in Japan’s biggest privatization since 1987. …

Japan’s MS&AD Planning on Insurance Acquisitions for Growth in Southeast Asia

MS&AD Insurance Group Holdings Inc., Japan’s largest non-life insurer, will seek acquisitions in Southeast Asia to expand its overseas business, said President and Chief Executive Officer Yasuyoshi Karasawa. “Asia continues to be the most important area for us,” Karasawa, 63, …