Japan News

R&M Adds Datamonitor Global P/C Insurance Report

Dublin-based Research and Markets has added Datamonitor’s new report: “Global Non-life Insurance” to their offering. R&M said its “Global Non-life Insurance industry profile is an essential resource for top-level data and analysis covering the non-life insurance industry. It includes detailed …

Prospects and pitfalls in a changing global insurance world

No European city has recently changed as much as Berlin (with the possible exception of Dublin). Since the fall of the wall in 1989, its 3.4 million residents have experienced an unprecedented building boom, as the German government and city …

Prospects and pitfalls in a changing global insurance world

The ‘rest of the world’ offers new opportunities for growth, but not without risk No European City has recently changed as much as Berlin (with the possible exception of Dublin). Since the fall of the wall in 1989, its 3.4 …

Children Could Be Getting Soft-Soled Clogs Caught in Escalators

At rail stations and shopping malls around the world, reports are popping up of people, particularly young children, getting their toes caught in escalators. The one common theme seems to be the clunky, soft-soled clogs known by the name of …

New Management for Willis Japan

Willis Group Holdings announced that Shoji Ohashi has joined the international broker as the new Representative Director and Chairman of Willis Japan Holdings KK, and Yoshiki Yamamoto is the new Director and CEO of Willis Japan Holdings KK. Ohashi will …

Swiss Re Economist Comments on Fed Rate Cut

Swiss Re’s Chief US economist, Kurt Karl, issued a comment following the decision by the Federal Reserve to lower the target fed funds rate 50 basis points to 4.75 percent. He described the move as a “strong action to alleviate …

S&P Sees Stability in Asia-Pacific Reinsurance Markets

Standard & Poor’s Ratings Services’ new report – “Asia-Pacific Reinsurance Markets Remain Stable Despite Softening” – indicates that ratings on global and domestic reinsurers in the Asia-Pacific markets are expected to remain stable, “reflecting regional market growth, satisfactory underwriting results, …

EQECAT, AIR Estimate Japan Typhoon Losses – Less than $1 Billion

Catastrophe modeling firms EQECAT and AIR Worldwide have indicated that losses from Typhoon Fitow, which came ashore on Friday, Sept. 7 in Japan’s Shizuoka prefecture, would not exceed $1 billion The storm, rated category one with winds of 88 mph, …

Ratings Recap: Sompo (U.S.); Clarendon, Kentucky National

A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and assigned an issuer credit rating (ICR) of “a” to New York-based Sompo Japan Insurance Company of America (SJA). Best also affirmed the FSR of “A”- (Excellent) …

ACE Overseas Makes Accident/Health Management Appointments

ACE Overseas General has appointed Edward Levin, currently Regional Executive Vice President, Accident & Health (A&H), ACE Europe, to the position of Executive Vice President, International A&H. Andy Hollenberg, currently Vice President, A&H, ACE Far East, has been named Senior …