Japan
Typhoon Jelawat becomes third to hit Japan this year
Typhoon Jelawat made landfall in Okinawa this weekend, before reaching Japan's main island of Honshu, the third typhoon to do so this year.
Kiln appoints Garland as chief operating officer
Kiln, the international specialist insurance and reinsurance underwriting group and part of Tokio Marine, announced today that it has appointed Denise Garland as chief operating officer.
Reinsurers look to underwriting results as investment yields fall
The investment returns achieved by reinsurers have fallen significantly during 2012 as Eurozone fears drive a flight to higher grade securities perceived as less risky, according to Guy Carpenter.
Itochu partners with Honda to offer motorcycle cover in Vietnam
Siam Cosmos Services is to offer insurance services to Honda Vietnam motorcycle owners through wholly owned insurance agent Cosmos Services (Vietnam).
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven day.
Tokio Marine to sell takaful through Saudi joint venture
Tokio Marine Middle East, the Dubai-based regional hub of Japanese insurer Tokio Marine, is to launch a new Saudi joint venture, according to reports in the local press.
Reinsurance CORs fall "dramatically" in H1
Global reinsurers' operating performances improved significantly in the first half of 2012, according to Fitch's latest report.
Mitsui Sumitomo promotes Wood to class underwriter for PI
Mitsui Sumitomo at Lloyd's has promoted Stuart Wood to class underwriter for professional indemnity in its professional lines operation.
Reinsurers to diversify more cautiously after 2011 cat losses
Reinsurers should tread with caution when looking to diversify their operations as increased exposure in natural-catastrophe prone regions could leave them open to large losses, Standard and Poor’s said today.
Tsunami warning after 7.6 magnitude earthquake hits The Philippines
A major earthquake struck off the town of Guiuan in Samar province at 12:47 UTC yesterday.
Supply chain problems and insurer solutions
There is a common belief that supply chain claims are linked most often to natural disasters, but research shows that this is not true. Jacqueline Legrand explains why highlighting this myth to customers can go a long way to mitigate against the real…
TMNF has superior rating as key earning source for Tokio Marine
Tokio Marine and Nichido Fire (Japan) has had its financial strength rating affirmed at A++ (Superior) and issuer credit rating at aa+.
Crawford boosts call centre services in Asia
Crawford & Company has entered into a joint venture with Call Centre Services to provide 24-hour access to an expanded call centre in a bid to respond to client needs in Asia-Pacific.
Typhoon Bolaven makes landfall in North Korea
Typhoon Bolaven made landfall in North Korea north of Pyongyang, the country's capital, at about 1100 on 28 August after weakening to borderline tropical storm/typhoon strength (120km/h 10-minute sustained winds), according to the Japan Meteorological…
No major damage after typhoon Bolaven strikes Japan
Typhoon Bolaven, a strong Category 3 typhoon, made landfall in northern Okinawa at around 12:00 UTC on 26 August.
America and Asia battle series of earthquakes
Several earthquakes hit California, the Florida Keys, Japan and China over the Bank Holiday weekend.
Asia View from the Top: Risk and opportunity abound
The economy of Asia has been rapidly growing. It now accounts for one-third of world gross domestic product and is likely to exceed 50% by 2050.
Reinsurers more risk-focused after Asian catastrophes
The spate of Asia-Pacific catastrophes in the past two years have prompted reinsurers to take stock of their existing portfolio and re-evaluate their underwriting approach and risk appetite according to Fitch Ratings.
Reinsurers take stock of Asia-Pacific risks
Reinsurers are bracing themselves for the next catastrophe in the Asia-Pacific region following the spate of catastrophes over the last two years, according to Fitch Ratings.
XL makes dual reinsurance promotion
XL’s reinsurance operations has appointed Mark Berry and Paul Simons to senior vice president and managing director, international property & specialty and senior vice president, head of US property treaty, respectively.
QBE records 26% increase in insurance profit in H1 2012
QBE Insurance Group made an insurance profit of $965m for the first half of the year ended June 2012, an increase of $203m on 2011.
Philippines finance secretary calls for support for Asian nat cat risk pool
The Philippine government is proposing a local Asian risk pool based on the Caribbean Catastrophe Risk Insurance Facility.
RJ Kiln's Syndicate 510 on course for 2011 profit
Tokio Marine-owned Lloyd's syndicate R J Kiln & Co Limited has updated forecasts for the 2010 and 2011 years of account for its four non-aligned syndicates.
Japanese insurance groups vulnerable to catastrophe and stock losses
Japanese non-life insurers are likely to come under rating pressure if insured catastrophe losses rise unexpectedly, or the domestic stock market falls sharply before they are able to restore their capitalisation, according to Fitch Ratings.