Japan

Japanese insurers ramp up overseas growth as local market slows: AM Best

April 7 2025

US subsidiaries wrote over US$68bn in premiums in 2024, with annuities and diversified product lines driving growth.

japans-insurance-industry-to-top-us400bn-in-2029-globaldata

APAC cedents capitalise on softening market at April renewals

April 7 2025

Carriers secured favourable reinsurance terms amid strong competition and abundant capital, though rising catastrophe losses could limit future rate reductions.

Mitsui Sumitomo's ratings unaffected in the immediate term by ADI merger, Berkley stake: Fitch

April 3 2025

Parent company MS&AD announced strategic moves last Friday.

sompo-to-become-first-japanese-pampc-insurer-to-adopt-ifrs-accounting-standards

Sompo to become first Japanese P&C insurer to adopt IFRS accounting standards

April 1 2025

The group will adopt international standards from FYE 2026, with a transitional period of reporting under both IFRS and Japan GAAP.

Talcott Life Re inks US$3.7bn asset-intensive reinsurance deal with Japan Post Insurance

March 29 2025

Talcott's second AIR deal in Japan will see it reinsure a block of Japan Post's in-force payout annuities.

Mitsui Sumitomo, Aioi Nissay Dowa to merge in 2027

March 28 2025

Move would create the largest non-life insurer in Japan.

Mitsui Sumitomo agrees to purchase 15% of W.R. Berkley's stock

March 28 2025

Strategic alliance looks to leverage MSI's international reach, Berkley's speciality expertise.

japan-p-and-i-club-sees-tonnage-decline-in-february-renewals

Japan P&I Club sees tonnage decline at 2025 policy year renewals

March 26 2025

The Club implemented a 7% general increase for ocean-going vessels at the renewals.

fortitude-re-signs-4bn-air-deal-with-taiyo-life

Fortitude Re signs US$4bn AIR deal with Taiyo Life

March 25 2025

Deals marks the Bermuda-based insurer’s second deal with Taiyo and sixth in the region.

japanese-insurers-reduce-capacity-withdraw-favourable-terms-to-focus-on-profitability-aon

Japan's FSA orders major insurers to improve practices following seconded employee data breaches: Report

March 25 2025

Order issued after two million customer records were inappropriately shared with primary employers.

giaj-rolls-out-trust-building-measures-and-agency-reform-initiatives

General Insurance Association of Japan rolls out trust-building measures

March 24 2025

GIAJ is spearheading efforts to enhance transparency and accountability in Japan's non-life sector following recent scandals.

japan-post-insurance-arm-embroiled-in-data-misuse-controversy-affecting-10-million-customer-accounts

Japan Post insurance arm embroiled in data misuse controversy affecting 10m customer accounts

March 21 2025

FSA calls for detailed reports to clarify extent of unauthorised data use by Kampo Life Insurance.

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