MS&AD

MS&AD subsidiaries issue $200mn Tomoni Re cat bond with shared limit structure

Mitsui Sumitomo Insurance Company and Aioi Nissay Dowa Insurance Co, members of Japanese insurance giant MS&AD, have jointly issued the Tomoni Re catastrophe bonds, based in Singapore and covering domestic natural disaster risks in Japan.

MSIG Holdings’ CEO Slabbert exits with Chiba named interim replacement

MSIG Holdings CEO Johan Slabbert is set to exit the group, with chairman Takehisa Chiba set to take on the role of interim CEO, effective immediately.

Mitsui Sumitomo to grow London underwriting capacity to £3bn over next five years

Japanese insurer Mitsui Sumitomo Insurance is looking to grow its underwriting capacity across its Lloyd’s arm MS Amlin Underwriting and newly-rebranded company market subsidiary MSIG UK to £3bn over the next five years.

Tokio Marine leads P&C gains as Nikkei Stock Average closes at 34-year high

Japan’s three largest P&C insurers saw significant share price increases on Tuesday following a request from the Japanese regulator to accelerate the sale of cross-shareholding networks.

MS&AD announces 37% emissions reduction target by 2030 for key Japanese clients

MS&AD Insurance Group – parent company of Lloyd’s (re)insurer MS Amlin – has unveiled a new interim target to reduce greenhouse gas emissions from underwriting and investment operations by 37 percent by 2030.

MS Amlin underwriting improvement continues with 91.6% H1 combined ratio

MS Amlin has reported an underwriting profit of £156mn ($193mn) for the first half of 2023, a swing of £147mn compared with an H1 2022 loss of £10mn.

Ripe for opportunity

Louis de Segonzac, CUO for the Americas at MS Reinsurance, says the reinsurer is well placed to capitalize on improved market conditions.

Coalition and MS&AD launch cybersecurity strategic partnership

Coalition and MS&AD Insurance Group have entered a strategic partnership to provide cybersecurity monitoring solutions to small and medium-sized businesses.

Japan’s big four insurers likely violated the spirit of antitrust law: Nikkei

The largest P&C insurers in Japan all likely violated the spirit of antitrust law in dealing with over 100 clients, internal probes have found.

MSIG USA unveils strategic leadership to drive long-term growth and expand product portfolio

MSIG USA has made several key organisational and executive leadership changes aimed at reinforcing the company’s commitment to the US market and fuelling long-term growth, also expanding into new product lines, such as energy and renewables and financial lines.

MS Re’s Goldie: Property cat market now less chaotic, but one push on pricing not enough

“No one loves property catastrophe risk,” MS Reinsurance chief underwriting officer Charles Goldie has told The Insurer TV, noting that while the chaos seen in the market at the turn of the year has tempered, inflation means the rate increases that have been pushed through cannot be a one-time shift.

Moede leaves QBE Re for MS Reinsurance

QBE Re vice president and treaty underwriter Hart Moede has left to join MS Reinsurance as it continues to build out its US platform, The Insurer can reveal.

Amwins-MSIG NA capacity partnership to drive further product development

Amwins and MSIG North America have confirmed a strategic partnership that will bring the insurer’s A+ capacity across 20+ existing programs, with the wholesale giant’s CEO Scott Purviance adding that the tie-up will drive new product development.

Amwins secures strategic capacity from MSIG across 20 UW programs

Amwins has entered into a strategic partnership with the US subsidiary of MS&AD which will see the insurer provide meaningful capacity and its A+ AM Best rated paper across more than 20 of the wholesale giant’s underwriting programs, Program Manager can reveal.

MS Reinsurance promotes Shaw to US and Canada property head

MS Reinsurance, MS&AD’s Zurich-based reinsurance business, has promoted Andrew Shaw to head of property for the US and Canada.

MS Reinsurance names Amelio its head of US casualty

MS Reinsurance, the reinsurance arm of MS&AD, has promoted Maria Amelio to head of US casualty.

Michael Wade and Philip Hammond given Mitsui advisory roles

Mitsui Sumitomo has appointed Michael Wade and former UK Chancellor Lord Philip Hammond to independent senior advisory posts.

MS Amlin returns to underwriting profit as it posts 98% CR

MS Amlin’s long journey back to profit ended this morning with a £63mn ($78.2mn) underwriting return for the year ended March 2023.

MS&AD considers sale of underperforming overseas units

Japan’s MS&AD Insurance Group Holdings is considering withdrawing from some of its overseas locations as part of its goal to maintain at least a 6 percent return on equity (RoE) for its overseas businesses by fiscal 2025.

MS Amlin strikes mammoth ~£1.2bn RITC and LPT with RiverStone Intl

RiverStone International has agreed a legacy transaction with the Lloyd’s arm of MS Amlin for a portfolio with net technical provisions of £1.2bn, marking the largest third-party RITC ever undertaken at One Lime Street, The Insurer can reveal.

Region

Topics

Events & Conferences

Content Types