Japan

Japan's big 3 non-life insurers see FY23 profits surge despite year of probes and controversies

July 11 2024

Reduced cat losses, overseas performance contribute to profit results, but GIA Chairman says changes are needed on industry fundamentals.

mapfre-re-names-alberto-estevez-allegue-as-chief-representative-officer-for-tokyo-office

MAPFRE RE names Alberto Estévez Allegue as Chief Representative Officer for Tokyo office

July 9 2024

Allegue brings over 12 years of experience within the MAPFRE group, including roles in Japan, China, and Madrid.

Japan FTC to issue cease-and-desists to non-life insurers for premium collusion - report

July 5 2024

Fair Trade Commission found four major insurers engaged in unfair trade practices, but has decided not to impose fines.

howden-announces-entry-into-japan-with-launch-of-howden-re-investment-in-keystone-ils-capital

Howden enters Japan with launch of Howden Re, investment in Keystone ILS Capital

July 3 2024

Kentaro Tada has been appointed as country CEO and commented, "This is the first step on a journey to establish Howden’s long-term presence in Japan."

Yasuyuki Harada joins HDI Global Japan as Deputy General Manager

July 2 2024

Harada joins from Gallagher Japan where he was MD and Head of Sales.

ryo-iizuka-joins-bms-japan-as-director-of-pe-and-mampa-division

Ryo Iizuka joins BMS Japan as Director of PE and M&A division

July 2 2024

Iizuka brings global investment banking and M&A consulting expertise to his new role.

Miller continues Japan build out with Kazuhiko Shinkai appointed Head of Non-Marine Strategy

July 1 2024

Shinkai has over 35 years of experience and joins from Itochu Corporation.

Japan P&I Club announces organisational restructure and personnel changes

July 1 2024

Series of structural and personnel changes are effective as of July 2024, with Yasuyuki Nakamura named GM of Kobe Branch and Koji Shikada GM of Fukuoka Branch.

Guy Carpenter estimates insurance losses for Kansai April hail at US$1bn

July 1 2024

Recurring hail events have prompted Japanese insurers to implement new risk management strategies, says Guy Carp.

Japan P&I Club records net surplus of US$43m in FY23, boosts reserves by 28.9%

July 1 2024

Reduction in underwriting expenses and spike in investment income offset the decrease in net premium and increase in net claims.

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