Japan Orders 4 Non-Life Insurers to End Anti-Competitive Business Practices December 27, 2023 Japan ordered four major non-life insurance companies to improve business practices in connection with anti-competitive activity that aimed to keep...
How Will Japan Secure Shipping Insurance for Imports of Russian LNG? December 29, 2022 By Yuka Obayashi Japan, the world’s top liquefied natural gas (LNG) importer, is facing its latest challenge in securing vital gas supplies from...
Mitsui Sumitomo Insurance to Buy Reinsurance Broker Transverse for $400 Million August 9, 2022 Mitsui Sumitomo Insurance Company, a subsidiary of Japan’s MS&AD Insurance Group Holdings, will spend about $400 million to buy U.S....
MS Amlin Names Everest Re’s Carrier as Chief Underwriting Officer as 3 Step Down August 26, 2020 MS Amlin Underwriting Limited, the Lloyd’s (re)insurer, has appointed Andrew Carrier to the new position of chief underwriting officer. Carrier...
Japan Insurers Eye China Acquisitions in Continuation of Overseas Deal Spree February 4, 2019 By Sumeet Chatterjee and Taiga Uranaka Japanese insurance companies have spent more than $50 billion on acquisitions over the past five years to become the world’s...
Allianz Enters Formal Negotiations to Buy Malaysia Car Insurer: Sources January 29, 2019 By Joyce Koh, Elffie Chew and Manuel Baigorri Allianz Malaysia Bhd. has been chosen to progress in talks to acquire Malaysia’s second-biggest car insurer after edging out Japanese...
Allianz, Mitsui Sumitomo Bidding for Malaysia’s 2d Biggest Car Insurer December 3, 2018 By Elffie Chew Allianz Malaysia Bhd. and Mitsui Sumitomo Insurance Co. have been shortlisted to proceed to the next round of bidding for...
Insurers Begin to Offer Cryptocurrency Theft Cover, Tackling Risks of Growing Sector February 1, 2018 By Suzanne Barlyn Major global insurers are starting to offer protection against cryptocurrency theft, willing to tackle daunting challenges it brings rather than...
Fairfax Financial Sells Singapore Insurer to Mitsui Sumitomo for $1.6B December 29, 2017 Fairfax Financial Holdings said it has successfully sold a Singapore insurer to Japan’s Mitsui Sumitomo Insurance Co. for US$1.6 billion.The...
Allianz, AXA Bid for Rights to Sell Products via StanChart Outlets in Asia: Sources August 18, 2016 By Joyce Koh, Komaki Ito and Oliver Suess Allianz SE, Europe’s biggest insurer, and France’s AXA SA were among first-round bidders for the rights to distribute general insurance...