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.
Japanese insurers are adopting a well-balanced approach to Environmental, Social and Governance (ESG) factors, Fitch Ratings said in a report.
A project team formed by the General Insurance Association of Japan (GIAJ) in March 2024 to promote fundamental business reform is discussing the relationship between member companies and agents, and reviewing business practices to create an appropriately competitive environment.
Global credit rating agency Fitch Ratings expects Japanese non-life insurance's overseas business and investment profit from the continuous sales of strategic shareholdings to offset weak earnings contribution from domestic underwriting, especially in motor and property insurance, in the financial year ending March 2025 (FYE25).