In 2018, typhoons Jebi and Cimarron "toppled over several turbines in Japan", according to an article published by Swiss Re, Climate Change and Wind Power: The Winds of Change.
MAPFRE RE has appointed Mr Alberto Estevez Allegue as chief representative officer of its Representative Office in Japan. He brings over 12 years of experience and joined MAPFRE Asistencia's MAPFRE Warranty Japan in 2012.
Tokio Marine Holdings, MS&AD Insurance Group Holdings and Sompo Holdings posted strong results for the financial year ended 31 March 2024 (FY23) despite a series of corporate scandals, notes S&P Global Ratings.
Howden, a global insurance intermediary group, has entered the Japanese market, launching Howden Re Japan and an insurance-linked securities (ILS) partnership with Keystone ILS Capital.
BMS Group has appointed Mr Ryo Iizuka as director of private equity, M&A and tax in Japan.
The General Insurance Association of Japan (GIAJ) has appointed Mr Hiroaki Shirota as chairman.
Miller has appointed Mr Kazuhiko Shinkai as head of non-marine Japan strategy in its Japanese business, Lead Insurance Services Limited. In his new role, he will be responsible for overseeing the operational management of Miller's Japanese business, as well as leading further expansions of the non-marine line locally.
The new chairman of the General Insurance Association of Japan (GIAJ), Mr Hiroaki Shirota, has outlined the association's upcoming main initiatives.
Like their global peers, Japanese life insurers use investment strategies based on ALM principles, which are essential to ensuring that their investment choices are well aligned with the long-term obligations of their insurance contract, according to a report on the outlook for Japanese life insurers.
The leaders of three major Japanese non-life insurers apologised at their respective general shareholders' meetings on 24 June over scandals rocking the industry.