Japan's recent adjustment of monetary policy is likely to have a moderately positive impact on economic capital and earnings for the country's life insurers in the next one to two years, says Fitch Ratings. The direction and scale of changes in Japanese bond yields will be key to the longer-term impact on their credit profiles.
Tokio Marine Holdings (TMH) has established an Investor Relations and Shareholder Relations (IR/SR) desk in New York City as part of the IR/SR Group of the company's Global Communications Department.
Tokio Marine Holdings, through its subsidiary Tokio Marine & Nichido Fire Insurance (TMNF), has sponsored the issuance of a new catastrophe bond called "Kizuna Re III Series 2024-1 Class A Principal At-Risk Notes (Kizuna Re III CAT bonds).
The domestic underwriting profit of Nippon Life Insurance Company started to recover from mid-2023, after the government eased COVID-19 restrictions in May 2023, said Fitch Ratings.
The number of serious traffic accidents in Japan caused by distracted drivers, such as those using smartphones while driving, rose to a new record high in 2023.
Tokio Marine Holdings has spelt out several major measures to strengthen control over its non-life subsidiaries.
A total of about 130 executives at four major Japanese property and casualty insurance companies will see pay cuts of up to 50% for colluding to fix prices in contracts with corporate customers and government agencies, the companies have said.
Japan's largest property-and-casualty insurers said they would sell cross-shareholdings after the government pressured them to abandon the decades-old practice, reported Bloomberg.
Tokio Marine Holdings (TMHD), Japan's biggest non-life insurance group, has been strengthening its overseas insurance underwriting operations steadily, notes Fitch Ratings.
Japan's biggest non-life insurance group, Tokio Marine Holdings (TMH), has announced that it has decided to establish a Group Audit Committee (GAC) on 1 April 2024.