Lagging mitigation and rapid urbanisation are fuelling Asia’s outsized flood loss growth, while global catastrophe losses remain below long-term trend.
Overseas premiums are projected to account for about 50% of non-life premiums and profits in FYE26, supported by its US$3.5bn acquisition of Aspen Insurance.
The agreement reinforces cooperation in priority areas, including climate and energy security, Indo-Pacific infrastructure, and critical minerals to boost cross-border investments and exports in strategic...
Premium income and new annuity sales strengthen even as rising policy surrenders, bond yield pressures, and higher operating expenses weigh on the sector.
Philippi maintains his MSIG Asia CEO role and has been named chief strategy officer alongside Keisuke Ema, with Norihiro Tanaka succeeding Tetsuya Adachi as chairman of MSIG Asia.
The ratings agency highlights stronger capital management and diversified earnings among Japan’s insurers as they adapt to higher interest rates, solvency reforms and increased use of reinsurance and overseas...
The claimant allegedly relied on ChatGPT-generated legal guidance and filings, forcing the insurer to incur significant legal costs despite a previous settlement agreement.
