Japan
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New sources of capacity lack the expertise to service rapidly developing clients. -
The Japanese carrier faces integration challenges to make a success of the deal.
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Group CEO Mikio Okumura cited “solutions that have not been fulfilled”.
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Insight into the state of the insurance M&A market, powered by this publication's deal database.
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The Japanese company announced the $3.5bn deal today, three months after the Bermudian completed its IPO.
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Aspen would give Sompo more reinsurance scale, more US premium and a Lloyd’s presence.
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The overseas division booked a combined ratio of 94% for the quarter.
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California wildfire losses were partially offset by improved underlying underwriting.
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Tokio Marine HCC was below plan on income as the carrier prioritised bottom line.
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Millions are evacuating after one of the strongest earthquakes in modern history.
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The broker has noted that double-digit reductions are increasingly available in property.
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The company’s parent MS&AD reported group profit of 691bn yen for the year.
