Japan
RMS updates Japan earthquake model
RMS has released an update to its Japan Earthquake Model, incorporating a re-characterisation of hazard resulting from the 2011 Great East Japan (Tohoku) earthquake and tsunami.
RMS updates Japan quake model
Catastrophe modelling firm Risk Management Solutions has released an update to its Japanese earthquake model, factoring in lessons from last year's Tohoku quake.
Hyundai Marine & Fire scores ratings upgrade
South Korean insurer Hyundai Marine & Fire has had its financial strength rating upgraded to 'A' from 'A-' by AM Best.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven day.
Typhoon Jelawat dissipates causing little damage
Typhoon Jelawat passed over Japan's main island of Honshu yesterday as a weakening tropical cyclone, and the remnants are currently over the north west Pacific ocean, racing away from Japan at about 85km/h.
Air Worldwide expands in Asia-Pacific with Singapore office
Air Worldwide is opening an office in Singapore to meet the expanding needs of clients in the Asian insurance market.
Typhoon Jelawat becomes third to hit Japan this year
Typhoon Jelawat made landfall in Okinawa this weekend, before reaching Japan's main island of Honshu, the third typhoon to do so this year.
Kiln appoints Garland as chief operating officer
Kiln, the international specialist insurance and reinsurance underwriting group and part of Tokio Marine, announced today that it has appointed Denise Garland as chief operating officer.
Reinsurers look to underwriting results as investment yields fall
The investment returns achieved by reinsurers have fallen significantly during 2012 as Eurozone fears drive a flight to higher grade securities perceived as less risky, according to Guy Carpenter.
Itochu partners with Honda to offer motorcycle cover in Vietnam
Siam Cosmos Services is to offer insurance services to Honda Vietnam motorcycle owners through wholly owned insurance agent Cosmos Services (Vietnam).
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven day.
Tokio Marine to sell takaful through Saudi joint venture
Tokio Marine Middle East, the Dubai-based regional hub of Japanese insurer Tokio Marine, is to launch a new Saudi joint venture, according to reports in the local press.
Reinsurance CORs fall "dramatically" in H1
Global reinsurers' operating performances improved significantly in the first half of 2012, according to Fitch's latest report.
Mitsui Sumitomo promotes Wood to class underwriter for PI
Mitsui Sumitomo at Lloyd's has promoted Stuart Wood to class underwriter for professional indemnity in its professional lines operation.
Reinsurers to diversify more cautiously after 2011 cat losses
Reinsurers should tread with caution when looking to diversify their operations as increased exposure in natural-catastrophe prone regions could leave them open to large losses, Standard and Poor’s said today.
Tsunami warning after 7.6 magnitude earthquake hits The Philippines
A major earthquake struck off the town of Guiuan in Samar province at 12:47 UTC yesterday.
Supply chain problems and insurer solutions
There is a common belief that supply chain claims are linked most often to natural disasters, but research shows that this is not true. Jacqueline Legrand explains why highlighting this myth to customers can go a long way to mitigate against the real…
TMNF has superior rating as key earning source for Tokio Marine
Tokio Marine and Nichido Fire (Japan) has had its financial strength rating affirmed at A++ (Superior) and issuer credit rating at aa+.
Crawford boosts call centre services in Asia
Crawford & Company has entered into a joint venture with Call Centre Services to provide 24-hour access to an expanded call centre in a bid to respond to client needs in Asia-Pacific.
Typhoon Bolaven makes landfall in North Korea
Typhoon Bolaven made landfall in North Korea north of Pyongyang, the country's capital, at about 1100 on 28 August after weakening to borderline tropical storm/typhoon strength (120km/h 10-minute sustained winds), according to the Japan Meteorological…
No major damage after typhoon Bolaven strikes Japan
Typhoon Bolaven, a strong Category 3 typhoon, made landfall in northern Okinawa at around 12:00 UTC on 26 August.
America and Asia battle series of earthquakes
Several earthquakes hit California, the Florida Keys, Japan and China over the Bank Holiday weekend.
Asia View from the Top: Risk and opportunity abound
The economy of Asia has been rapidly growing. It now accounts for one-third of world gross domestic product and is likely to exceed 50% by 2050.
Reinsurers more risk-focused after Asian catastrophes
The spate of Asia-Pacific catastrophes in the past two years have prompted reinsurers to take stock of their existing portfolio and re-evaluate their underwriting approach and risk appetite according to Fitch Ratings.