Japan
GC Securities selected as sole financial advisor for Canopius sale
Guy Carpenter’s GC Securities is acting as the sole financial advisor to the shareholders of Canopius in the sale to NKSJ Holdings, through its insurance subsidiary Sompo Japan Insurance.
Watson to remain as Canopius CEO ahead of Sompo-backed M&A activity
Canopius chairman Michael Watson will not look to replace outgoing chief executive Inga Beale and will instead occupy the role himself on a permanent basis as he eyes acquisition opportunities under the ownership of NKSJ Holdings’ Sompo Japan.
Sompo agrees deal for Canopius
Japan’s NKSJ Holdings has agreed a deal to acquire 100% of the shares of Canopius Group via its insurance subsidiary Sompo Japan Insurance.
Sompo Japan in talks to buy Canopius
Japanese general insurer Sompo Japan is in advanced talks to buy Lloyd's insurance group Canopius for around £600m ($970m).
Increased typhoon activity in East Asia expected, says Munich Re
Overall insured losses from weather events in the last three decades in East Asia have hit $6bn as floods and typhoons increase. The situation could be about to worsen.
View from the Top: Foreign investment controls in Asia-Pacific
Two lawyers from DLA Piper give an insight into foreign direct investment limits in the Asia-Pacific region.
14 killed in Japan as typhoon forces Tokyo closures
Typhoon Wipha, the strongest in ten years, landed in Japan on Wednesday (16 October) morning on Izu Oshima, 120km south of Tokyo.
Strongest growth in private wealth for six years, according to Allianz
The global gross financial assets of private households grew by 8.1% in 2012 according to the fourth Allianz Global Wealth Report which monitors 50 countries.
AM Best Commentary: Future forecast
In a highly competitive market for UK general insurers, property continues to be the best performing line, while motor and home experience underwriting losses.
Kiln appoints Naganuma active underwriter for Syndicate 1880
Lloyd’s insurer Kiln has appointed Satoshi Naganuma as active underwriter of Tokio Marine Kiln Syndicate 1880.
Kiln appoints active underwriter for Syndicate 1880
Kiln has appointed Satoshi Naganuma as active underwriter of Tokio Marine Kiln Syndicate 1880.
Earthquake strikes Japan; no damage reported
A magnitude 6.0 earthquake struck off the coast of Japan yesterday (4 August) but there was no reports of damage.
Tokio Marine targets South-East Asia for growth
Japan's second largest general insurer Tokio Marine is looking to expand its presence in South-East Asia.
SAP appoints Pitcher to senior Asia-Pacific role
Andrew Pitcher, an Accenture veteran, has been given a newly-created role of senior vice president and general manager of financial services for SAP Asia-Pacific and Japan.
Cosmos Services acquires 15% stake in SART
Hong Kong-based broker Cosmos Services has acquired a 15% stake in SART Holdings, the Hong Kong based business of Aquila Underwriting.
Sompo Japan expands presence in Brazil
Japanese general insurer Sompo Japan has raised its stake in Sao Paulo-based Maritima Seguros to 87% from 50% through its subsidiary Yasuda Seguros.
Japan's insurers see motor market recovery
Japan's motor market, which makes up 50% of general insurers' premiums, has seen a recovery in its underwriting profits to the end of the fiscal year March 2013.
Dai-ichi Life buys in Indonesia
Japanese life insurer Dai-ichi Life has bought 40% of Panin Life in Indonesia.
Japan's Iran oil imports fall by 96% in April
Sanctions over Iran's nuclear threat from the US and EU have crippled Japan's oil imports from Iran. Other major customers also cut imports.
Aon Benfield launches cat model to quantify uncertainties
Reinsurance broker Aon Benfield has unveiled updated catastrophe tools to allow clients to better understand their exposures in spite of less complete information.
Japan sees Q1 economic growth of 0.9%
In the first three months of the year Japan's GDP grew 0.9%, on a quarter to quarter basis.
Japan's Tohoku earthquake: A force of change
The sheer size and scale of the Tohoku earthquake and tsunami has change the face of insurance in the region forever writes Sadie O'Brien.
Japan Earthquake: A seismic shift
The sheer size and scale of the Tohoku earthquake and tsunami has change the face of insurance in the region forever.
ADB pilot aims to bring affordable crop insurance to Bangladesh
A new initiative from Japan and the Asian Development Bank could make crop insurance a viable option for Bangladeshi farmers.