The development comes as Japanese life insurers are looking to lift portfolio yields after years of balance-sheet rebalancing ahead of new capital rules.
Underlying earnings improved even as equity‑sale gains faded, with strong international profitability and lower nat‑cat losses more than offsetting a softer Japan P&C result.
Matsumoto, who most recently led facultative property Japan and held regional underwriting and portfolio steering responsibilities across APAC, has taken on the regional leadership role.
