Japanese majors post strong 05-06 non-life results
Fitch Ratings today said major Japanese non-life insurers posted strong underwriting results for the fiscal year ending March 2006 (FYE06), following a drop in earnings in FYE05 as a result of natural disasters.
Fitch said the major companies' capital positions strengthened on the back of a surge in the Japanese equity market even as profits from the sale of securities decreased.
"The total net premiums
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