Japan
Ironshore’s Pembroke Syndicate authorised to offer coverage through Lloyd’s Japan
Ironshore International’s Lloyd’s Pembroke Syndicate has been authorised by the Japanese Financial Services Authority to offer representations and warranties coverage through Lloyd’s Japan.
Crawford hires Singapore MD from Russian insurer
Claims management firm Crawford & Company has appointed Andrew Tait as managing director of its Singapore office.
Earthquake insurance premiums to rise 15% in Japan
The Non-Life Insurance Rating Organisation of Japan has recommended to raise average earthquake premiums for buildings by 15.5% in July 2014.
View from the Top: The move from West to East
As many Western insurers leave the Asian insurance sector, Patrick Chan, director and general manager of Nova Risk Services and chief operating officer at BrokersLink Asia Pacific, explains why entrepeneurs in the region are buying up assets.
Kiln sees profit despite unprecedented levels of catastrophe
R J Kiln & Co, part of the Tokio Marine Group, has released the final results for its four non-aligned syndicates showing profits for the 2010 year of account.
Financing the growing costs of disasters
Reto Schnarwiler, head of global partnerships for Swiss Re, Americas and EMEA says that a lack of insurance and the growing costs of disasters are hitting individuals and governments hard. He explores how government partnerships with insurers can help…
Munich Re profit quadruples in 2012 to €3.2bn
Munich Re’s preliminary figures show a profit of €3.2bn for 2012 (2011: €0.71bn).
Munich Re profit quadruples in 2012 to €3.2bn
Munich Re’s preliminary figures show a profit of €3.2bn for 2012 (2011: €0.71bn).
Japan helps out with Pacific Islands catastrophe cover
Backers including the World Bank and Japan have launched a pilot to offer aid quickly to the Pacific Islands when disaster strikes.
Asian insurers urged to be selective in current climate
Growth opportunities exist for insurers in wealth management and personal insurance, despite the economic slowdown and evolving regulatory change in Asia Pacific, according to Ernst and Young.
Cooper Gay partner Marnix to target Japanese reinsurers
Cooper Gay has signed a deal with Marnix Corporation, the broking unit of Japanese conglomerate Marubeni, to target clients in Japan's treaty reinsurance market.
Lloyd's hails underwriting deal with Japanese FSA
The Lloyd's market today welcomed an agreement between Lloyd's Japan and the Japanese Financial Services Agency enabling Lloyd's-based insurers to insure such risks in Japan.
Beazley welcomes Japanese warranty and indemnity agreement
Beazley has welcomed an agreement reached by Lloyd's Japan and the Japanese Financial Services Agency enabling Lloyd's-based insurers to insure warranty and indemnity risks in Japan.
Flightsurance bought by 2e Systems
Travel insurance start-up Flightsurance has been acquired by 2e Systems, a technology provider for the travel industry with offices in London and Frankfurt, for an undisclosed fee.
Japanese car premiums set to rise
Premiums for compulsory automobile liability insurance to rise from April in Japan.
Japanese insurers grow in strength
Four Japanese companies are now in the top 10 insurers list as measured by net written premiums, according to a new AM Best survey
Allianz report highlights year-over-year rise in ship losses
Twelve months on from the Costa Concordia incident, a new Allianz report shows that 106 ship losses were reported worldwide in the year to 25 November 2012.
Antares forms partnership with Japan's Itochu Corporation
Antares has formed a strategic and financial alliance with Japanese trading organisation Itochu Corporation.
Antares syndicate wins Japanese funding
Antares has completed a deal with Japanese trading organisation Itochu for investment in its syndicate.
Japanese insurers vulnerable to stock market downturns
Japanese non-life insurance groups are likely to maintain adequate capital buffers at the group level, underpinned by robust capital from life subsidiaries, according to Fitch.
Mutuals outgrow insurance market, says new research
The period between 2007 and 2011 saw premium income for the world's mutual and cooperative insurers grow by 25.4%, compared with 12% for the insurance market as a whole.
Limited damage after Japan quake
The magnitude 7.3 earthquake that struck off the northeast coast of Japan on Friday is not expected to have caused significant damage, according to catastrophe modelling firm AIR Worldwide.
Magnitude 7.3 quake hits coast of Japan
A magnitude 7.3 earthquake struck the north-east coast of Japan on Friday, triggering a 1m tsunami.
Magnitude 7.3 quake felt in Tokyo
An earthquake measuring 7.3 on the Richter scale has struck off the north-east coast of Japan.