Having officially launched in the country in July, Howden strengthens footprint with acquisition and appointment of Takuya Aibe as CEO of its Japan retail business.
Reinsurer says it expects generally stable prices and conditions, but Asia regions may see carriers opt for increased retention to manage potential reinsurance rate hikes.
The industry has faced an economic downturn and been embroiled in scandals, but steady growth should be supported by inflation and nat cat protection appetite.
