MS&AD Insurance Group and Sompo Japan Nipponkoa Insurance each expect to take around $1bn of losses from Typhoon Faxai, shoring up estimates of a low-single-digit-billion event.
MS&AD and Sompo Japan run up $2bn combined Faxai loss

MS&AD Insurance Group and Sompo Japan Nipponkoa Insurance each expect to take around $1bn of losses from Typhoon Faxai, shoring up estimates of a low-single-digit-billion event.