Japanese trading firm Itochu is set to purchase a 20% stake in Thailand's non-life insurer Thaivivat Insurance. According to a release by Itochu, it will invest around THB1bn ($29m) to buy new shares issued by the Thai company.
As the Japanese demography moves to the super-aged stage, the country's general insurance industry foresees challenges ahead. The immediate demographic challenge for the Japanese non-life insurance industry is lack of growth in the domestic market for its traditional products.
FWD Japan has appointed Mr Tsuyoshi Ijichi as representative director, president and CEO, effective 14 January 2025.
As the year 2025 unfolds, I would like to express my heartfelt greetings for the season.
Sedgwick has appointed Mr Cameron Lee as CEO for Taiwan; Mr Huoo-Lian "Andy" Liou as chairman for Taiwan; Mr Shuji Tanaka as CEO for operations for Japan and Mr Takeshi Nagao as chairman for Japan.
In the wake of the cease-and-desist orders and the surcharge payment orders issued by the Japan Fair Trade Commission (JFTC) to four member companies of the General Insurance Association of Japan (GIAJ) under the Antimonopoly Act, GIAJ chairman Hiroaki Shirota released the following statement.
Nippon Life has appointed Mr Hiroshi Shimizu as chairman and Mr Satoshi Asahi as president. Both appointments are effective 1 April 2025.
The life and non-life insurance sectors in Japan in 2025 are expected to show strengthened capitalisation and healthy underwriting margins, says Fitch Ratings.
Nippon Life Insurance is in the final stages of buyout talks with US life insurer Resolution Life Group Holdings, Resolution said yesterday in what would be a $8.2bn deal, reported Reuters.
Fukoku Mutual Life Insurance Company (Fukoku Life) maintains a strong capital position, with the corporate principle, "Not the biggest, but the best", continuing to emphasise the strengthening of its capital base and financial soundness, says CreditSights, the credit research unit of Fitch Group.