The growing use of private credit by life insurers to optimise investment portfolios and align asset allocation with product liabilities is garnering heightened attention
Japanese insurance company Dai-ichi Life Holdings has acquired of a minority stake in Canyon Partners, a leading alternative investment manager based in the United States
PERILS has updated its loss estimate for floods and storms caused by low-pressure systems Babet (Viktor) and Aline (Wolfgang)
A shallow magnitude (Mw) 7.5 earthquake hit western Japan on Jan. 1, 2024, according to the U.S. Geological Survey (USGS
The Noto Peninsula earthquake caused damage across an extensive area around and south of the epicenter. While most of heavy damage occurred in Ishikawa prefecture
Moodyās RMS, the leading global catastrophe risk modeling and solutions company, estimates total insured losses between $3-6 bn
CoreLogic estimates that insured losses in the country from the quake could be between $1 billion and $5 billion. Karen Clark said that total insured losses will reach $6.4 bn
The earthquake on the west coast of Japan on January 1st has significant implications for the reinsurance market, particularly concerning the upcoming April 1 reinsurance renewals
Sumitomo Life Insurance Company, a Japanese insurer, has agreed to acquire a 35.5% stake in Singapore Life Holdings (Singlife) from TPG Inc
Asia-Pacific insurers plan to increase asset allocations to fixed-income investments over the next 12-18 months, in order to take advantage of rising yields
Insurtech Tractable, artificial intelligence using computer vision to assess the condition of cars and homes, announces a $65 mn Series E
Financial Supervisory Service of South Korea warns to certain insurers in the country for promoting insurance sales based on the Fukushima nuclear disaster
Japanese insurer Tokio Marine Holdings has picked Goldman Sachs and Jefferies to work on the sale of its Southeast Asia life insurance business worth $1 bn
Sun Life Financial has completed the sale of SLF of Canada UK Limitedto Phoenix Group Holdings. Headquartered in London
PERILS, the provider industry-wide catastrophe insurance data, disclosed its third industry loss estimate for Typhoon No. 14
Japanese insurers are planning to increase insurance premiums for ships carrying liquefied natural gas (LNG) that traverse Russian waters
Global catastrophes around the world drove estimated economic losses of USD 270 billion in 2022, of which roughly 44% or USD 120 billion were covered by re/insurance
Some of Japanās largest non-life insurers continues providing marine war insurance coverage in a major policy U-turn, following negotiations with reinsurers
Typhoon Nanmadol has inflicted $912 mn in property losses on the Japanese insurance industry, according to PERILSā second industry loss estimate
Dai-Ichi Life HoldingsĀ has made an offer to acquire shares of pet insurance provider ipet Holdings, with the intention of making it a wholly-owned subsidiary
AM Best has maintained its stable market segment outlook on the Japan non-life insurance segment given recent profitable underwriting performance
Hurricane Ian could lead to $50bn of insured industry losses, with a likelihood of seeing global insured losses of more than $100bn in 2022
30 insurers that have paid an estimated $39 mn in lost cargo claims, along with cargo owners without insurance, asked court to seize Japanese vessel ONE Apus
Tokio MarineĀ has joined forces withĀ Arbor Ventures, a fintech-focused venture capital firm, to accelerate digital transformation and foster innovation
Mobility data company Wejo announced completion of a self-arranged $15.9 million private investment in public equity (PIPE) investment in Wejo
