Japan Casualty Insurers’ Shares Sink on Concerns Over Suspected Price Fixing August 2, 2023 By Taiga Uranaka and Nao Sano A price-fixing scandal at Japan’s biggest casualty insurers is escalating following a media report that the suspected collusion is likely...
MS Amlin’s Long-Term Issuer Credit Rating Downgraded by AM Best April 3, 2023 AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the...
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...
Japan’s LNG Buyers Assess How Insurance Halt Will Affect Supplies December 27, 2022 By Shoko Oda and Tsuyoshi Inajima Japan’s buyers of Russian liquefied natural gas are assessing how imminent changes to shipping insurance — triggered by the ongoing...
Hippo Gets $350M Investment, Reinsurance Treaty From Mitsui Sumitomo November 25, 2020 Hippo Enterprises, an MGA insurtech focused on homeowners insurance, secured a $350 million capital investment designed to help fuel further...
MS Amlin to Exit U.K. P/C Classes as Part of Underwriting Review December 19, 2019 By L.S. Howard MS Amlin, the London-based re/insurer, said it will cease underwriting corporate property, real estate, casualty and package binders through its...
MS Amlin Launches New Operating Model and Senior Leadership Team November 27, 2019 MS Amlin, the London-based re/insurer, announced a new operating model and senior leadership team in response to the recent decision...
Mitsui Sumitomo Insurance’s Rating Unchanged with Reorganization: AM Best November 21, 2019 The financial and credit ratings of Mitsui Sumitomo Insurance Co. (MSI) remain unchanged following an announcement by its parent company,...
Aviva to Retain China, Singapore Businesses After Conducting Asian Review November 18, 2019 By Lucca de Paoli and Benjamin Robertson Aviva Plc, the U.K. insurer that’s overhauling some businesses as part of its chief executive officer’s turnaround plan, is to...
Typhoon Hagibis Likely to Cause Earnings Event for Japan’s Insurers: Fitch October 29, 2019 Typhoon Hagibis is likely to be an earnings event for Japan’s three main non-life insurance groups, MS&AD Insurance Groups Holdings,...