The hub has succeeded in attracting capital and reinsurers; now the challenge lies in developing the expertise needed to underwrite complex risks locally.
Onshore underwriting profit rose nearly elevenfold from a low year-earlier base, led by pecuniary loss business, while offshore premiums grew 18.9% but underwriting turned negative.
The expansion is expected to support Awbury's growth in Japan's credit and financial risk market while broadening access to locally issued cover for corporates and financial institutions.
From 1 November, the revised rules require insurers to set up product committees led by their principal executive, conduct regular product reviews and strengthen accountability for product failures.
Fewer troubled member builders, better recoveries and bigger budgets for state-led projects should lift results at the Korean guarantor after weak profitability since 2023.
The entrance into the cyber segment comes after the non-life insurer’s Japan branch reported premium income of JPY28.9bn (US$183.1m) in 2025, alongside continued expansion of its specialist workforce....
The insurer's potential exposure will hinge on legal and contractual proceedings following the project's termination over force majeure and war-risk circumstances.
