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Insurance
The magnitude 6.9 earthquake and resulting tsunami that struck 35 kilometres off the coast of Tomioka, Japan, on November 22 has not caused any significant damage, according to RMS. 23 November 2016
Insurance
Nine Merchants Re, the new reinsurer backed by First Seafront Financial, has confirmed that it is in discussions with the Hong Kong regulator and rating agency AM Best. 23 November 2016
Insurance
The main driver of premium growth in both the life and non-life sectors is expected to come from emerging markets, in particular Asia, according to Swiss Re. 22 November 2016
Insurance
A powerful magnitude 6.9 earthquake has struck 35 kilometres from the coast of Tomioka, Japan, close to the Fukushima nuclear power plant where a massive clean-up operation is still going on. 22 November 2016
Insurance
The Association of British Insurers (ABI) is looking to help expand the industry’s opportunities to trade after the Brexit vote by identifying eight countries as priority markets. 21 November 2016
Insurance
CITIC-Prudential Life Insurance, a joint venture between the UK’s Prudential and CITIC in China, has expanded into the Anhui province as it looks to further strengthen its footprint across the country. 21 November 2016
Insurance
Japan-based Sompo Holdings grew its consolidated net income by ¥14.8 billion to ¥43.4 billion ($390 million) between April and September driven by earnings growth in its domestic property/casualty (P&C) insurance business. 21 November 2016
Insurance
Tokio Marine, the holding company of Tokio Marine & Nichido Fire Insurance, which owns Tokio Millennium Re, has boosted its net income attributable to its parent company by 69.6 percent year-on-year in the second quarter (July-September) to ¥155.2 billion ($1.4 billion) and raised its full year targets. 18 November 2016
Insurance
Insured losses from the magnitude 7.8 earthquake that struck New Zealand’s South Island on November 14 will be between NZ$1.15 billion ($762 million) and NZ$5.3 billion ($3.5 billion), according to AIR Worldwide. 18 November 2016
Insurance
The insured losses from the recent earthquakes in New Zealand will likely have a material impact on some domestic insurance companies, AM Best has warned. 18 November 2016
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