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...Shinichiro Funabiki, chief executive of Mitsui Sumitomo Insurance, told the Financial Times the company had decided to focus its investment plans on the UK because of London’s primacy in analysing complex...
...This part of the insurance industry has been hit by four consecutive years of outsized losses from extreme weather....
...Earlier this month, the president of Sompo Japan Insurance, Giichi Shirakawa, said he would resign....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...So, Sompo Holdings, one of Japan’s biggest insurance companies and the operator of about 280 care homes across the country, has turned to technology to address the problem....
...First, in the hunt for better than near-zero returns at home, Japanese institutions, including pension funds, life insurance companies and banks, have become major international investors....
...The fallout has already spread to other sectors including local insurance groups. The sector’s shares fell on the back of investors’ fears about their potential exposure....
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...major quake in Japan....
...Earnings: Japanese insurance companies Tokio Marine, MS&AD and Sompo will publish their fiscal second-quarter results....
...Analysts at Bank of America said the deal should not worsen the outlook for capital returns at Aviva....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...But even in the new world of shareholder activism and governance pressure, no deal trumps the shock and disbelief that rippled across corporate Japan last week when Dai-ichi Life Insurance suddenly threw...
...Long-dated insurance premiums are becoming the funding of choice. The shift is sufficiently seismic that once overlooked credit firms are now the subject of bidding wars....
...The deal, say industry experts, is part of an expected wave of consolidation in America’s surprisingly fragmented housebuilding sector, where analysts calculate that the 20 largest companies control roughly...
...On Thursday, markets opened for the first time since Japan’s New Year’s holidays. Shares of Japan’s second-biggest airline began trading with a glut of sell orders....
...Predictably enough, Moscow makes noises — which some Europeans unfortunately believe, too — that a windfall tax on a Belgian company will damage the credibility of the euro....
...The mechanics of the NAIC’s rule change (as described by Barclays, Bank of America, regulators, industry groups and various other sources) are . . . not especially simple....
...The analysts at Employ America have also highlighted auto insurance’s role in the recent gap between the CPI and the Fed’s favoured PCE indicator — and reckon that part of the gap could very possibly narrow...
...of smaller companies....
...In Japan, for example, shares of food group Ajinomoto, parent of Ajinomoto AGF, which makes instant coffee products, and Ito En, the Japanese drinks company that operates speciality coffee shops in Japan...
...JAL estimated on Wednesday that the crash would result in an operating loss of about ¥15bn ($105mn), which would be covered by insurance....
...Instead, they said consumer spending remained strong, and much of the drop in lending came from large companies, which have used their excess cash, or better markets, to pay down debt....
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