Archive

  • Australian insurance council backs government climate risk assessment and reiterates need for action

    13 March 2024

    Government report warns of insurers withdrawing coverage from parts of country due to climate change

  • FWD profits rise 27% in 2023 as Chinese mainland buyers return

    13 March 2024

    Reinsurance by Japanese unit also benefitted group last year

  • Breakeven is best Asia's reinsurers can hope for underwriting in 2024, predicts S&P Global

    13 March 2024

    Rating agency predicts more regular reviews of underwriting assumptions in future

  • Warning that climate change may drive pullout of insurers from Australia

    12 March 2024

    The Australian government noted the scenario in its inaugural climate risk assessment report

  • Japanese non-life firms to avoid major financial fallout from motor scandal

    12 March 2024

    S&P Global Ratings assesses the outlook and trends shaping Japan's insurance sector

  • Negotiating with Japanese insurers on car repair labour costs "a waste of time", say mechanics

    11 March 2024

    But 80% never complain to insurers afterwards, FSA survey finds

  • Pay cut for Sompo's next CEO Mikio Okumura after Bigmotor fraud

    04 March 2024

    Group CRO also takes 20% pay-cut for three months

  • Tokio Marine promises to "focus on the truth" behind price fixing scandal

    29 February 2024

    Japanese groups Tokio Marine and MS&AD deliver business improvement plans to regulator today

  • Aioi Nissay Dowa to cover costs of generative AI risks

    28 February 2024

    Cover ranges from legal costs to "sympathy payments" to generative AI's victims

  • Suncorp CEO discusses alternative reinsurance with Australia's Assistant Treasurer

    26 February 2024

    "Regulatory requirements" impeded Suncorp's use of it so far, says Steve Johnston