Japanese insurers under fire for still backing coal sector

Japanese insurers under fire for still backing coal sector

Japanese insurers under fire for still backing coal sector

The Insure Our Future campaign – formerly Unfriend Coal – said the recent announcement by Japanese insurance giant Sompo that it will stop investing in and insuring the construction of new coal-fired power plants in Japan is welcome news, but not good enough because the firm has not ruled out backing such projects outside the country. The campaign said Japanese…

New CEOs for AIG Japan and Talbot Underwriting

New CEOs for AIG Japan and Talbot Underwriting

New CEOs for AIG Japan and Talbot Underwriting

James Nash has been appointed president and chief executive officer of AIG Japan Holdings KK. He is expected to join the company by early 2021. AIG said he will oversee AIG’s operations and subsidiary companies in Japan, which comprise the largest foreign general insurance company in the country. He will report to Jon Hancock, chief executive officer of international general…

New Dawn Risk expands in Asia with SpecialistRe partnership

New Dawn Risk expands in Asia with SpecialistRe partnership

New Dawn Risk expands in Asia with SpecialistRe partnership

London market broker New Dawn Risk Group is to enter a new partnership with Singapore-based SpecialistRe, which it said will strengthen its reach in China, Japan and southeast Asia. Max Carter, CEO of New Dawn Risk, said it had been looking for opportunities in the region “for some time” and it will now offer treaty reinsurance broker expertise for specialty…

Supply chain de-risking to boost southeast Asian economies

Supply chain de-risking to boost southeast Asian economies

Supply chain de-risking to boost southeast Asian economies

Southeast Asian economies such as Vietnam will gain from the expected de-risking of the global supply chain and creation of parallel chains as multinationals seek to reduce their dependence upon China, according to the latest Sigma report from Swiss Re. The Swiss reinsurer says the development of parallel supply chains to de-risk the global flow of intermediate goods and services is…

Risk management key as Asian economies struggle with pandemic

Risk management key as Asian economies struggle with pandemic

Risk management key as Asian economies struggle with pandemic

Asian businesses need to focus on and invest in risk management now more than ever as the region battles to recover from the dramatic negative impact of the Covid-19 pandemic, says trade credit insurance group Atradius in a new report on five key Asian economies. Business insolvencies are expected to increase by 75% year on year in India in 2020…

Asia-Pacific re/insurance M&A picks up in first half of 2020

Asia-Pacific re/insurance M&A picks up in first half of 2020

Asia-Pacific re/insurance M&A picks up in first half of 2020

Merger and acquisition (M&A) activity in the Asia-Pacific re/insurance market made steady gains in the first six months of this year, with an increase from 31 for the same period last year to 38 deals in the first six months of the year, according to a new report from leading international insurance law firm Clyde & Co. Japanese acquirors once…

FM Global urges Asia-Pacific leaders to retain focus on climate risks

FM Global urges Asia-Pacific leaders to retain focus on climate risks

FM Global urges Asia-Pacific leaders to retain focus on climate risks

Recovery from the Covid-19 pandemic and preparation for a potential second wave is clearly top of the agenda currently for business leaders across the Asia-Pacific region and worldwide. But leaders in the Asia-Pacific region in particular must continue to focus on the impact of climate change and invest in loss prevention, business continuity and risk management and mitigation measures to…

Climate change remains top priority for Asian CEOs despite pandemic

Climate change remains top priority for Asian CEOs despite pandemic

Climate change remains top priority for Asian CEOs despite pandemic

The Covid-19 pandemic has clearly dominated the attention of CEOs of all companies across Asia in recent times, but evidence gathered by insurer FM Global has found that climate change risk remains top of mind too. The survey found that 57% of Asia Pacific CEOs and CFOs reported that addressing climate risk is a high priority in their company. The…

Hardening commercial market will offset virus impact on Japanese insurers: Fitch

Hardening commercial market will offset virus impact on Japanese insurers: Fitch

Hardening commercial market will offset virus impact on Japanese insurers: Fitch

Japanese non-life insurers’ premium growth will shrink in the financial year ending March 2021 because of the slowdown in economic activity caused by the Covid-19 virus. At the same time, Japan’s insurers face rising reinsurance costs on the back of two years of substantial catastrophe losses and higher reinsurance coverage, according to credit ratings agency Fitch. But these negative pressures…

IMF calls for working capital bridge loans to stave off collapse of SME sector across Asia

IMF calls for working capital bridge loans to stave off collapse of SME sector across Asia

IMF calls for working capital bridge loans to stave off collapse of SME sector across Asia

The International Monetary Fund (IMF) has called on nations across Asia to introduce “working capital bridge loans” well beyond what is currently on offer, to help smaller businesses across the region deal with serious cashflow problems caused by the Covid-19 pandemic. The IMF’s Kenneth Chang and Chanyong Rhee estimate that there is a massive need for new working capital for…

1 2 3 18