Japan
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The company’s parent MS&AD reported group profit of 691bn yen for the year. -
The carrier benefited from top-line growth and lower adverse PYD.
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Caution around economic volatility wrought mixed outcomes in specialty re.
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The merger is set for April 2027, subject to regulatory approval.
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Reinsurers’ hopes that LA wildfires will slow 1.4 softening are in question.
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Is the MGA start-up boom here to stay?
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Cedants could choose to retain more as cross-share sell-offs boost their capital.
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James Shea will lead the new Sompo P&C arm, while Yasuhiro Oba will become Wellbeing CEO.
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The group reported strong underwriting results in all major overseas P&C segments.
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