The new reinsurance broker will initially serve Korea and Japan from Singapore before expanding into Southeast Asian markets including Malaysia and Indonesia.
Alliance will bring together commercial- and personal-lines capabilities for agents, insurers and embedded-distribution partners across the US, Europe and Asia.
Higher capital charges on the insurer's investments outpaced growth in its available capital, while cautious risk selection kept its agricultural book profitable.
Formerly of Tokio Marine, Hata leads the renamed EMIS Insurance Services, which offers personal lines cover to group employees and affiliated companies and risk consulting to corporate clients.
