Nao Sano

3 days ago | financialpost.com | Nao Sano

(Bloomberg) — MS&AD Insurance Group Holdings Inc. plans to invest as much as about ¥700 billion ($5 billion) to expand in the North American market, to meet its goal of doubling operating profits in the region, according to its chief executive officer. The Tokyo-based casualty insurer has the highest market share in Asia among global firms, but it’s No. 3 among Japanese peers in North America, “so the challenge is how to become the top player there,” said Shinichiro Funabiki in an interview.

3 days ago | bloomberg.com | Nao Sano

Shinichiro Funabiki(Bloomberg) -- MS&AD Insurance Group Holdings Inc. plans to invest as much as about ¥700 billion ($5 billion) to expand in the North American market, to meet its goal of doubling operating profits in the region, according to its chief executive officer.

3 days ago | news.bloomberglaw.com | Nao Sano

MS&AD Insurance Group Holdings Inc. plans to invest as much as about ¥700 billion ($5 billion) to expand in the North American market, to meet its goal of doubling operating profits in the region, according to its chief executive officer. The Tokyo-based casualty insurer has the highest market share in Asia among global firms, but it’s No. 3 among Japanese peers in North America, “so the challenge is how to become the top player there,” said Shinichiro Funabiki in an interview.

3 weeks ago | news.bloombergtax.com | Nao Sano

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.

3 weeks ago | news.bloomberglaw.com | Nao Sano

Nippon Life Insurance Co. will shuffle its domestic bond portfolio to cope with higher yields as it expects the Bank of Japan to raise interest rates to 1% over the next 12 months, according to the company’s new president. The country’s biggest life insurer will “further bolster its risk management” of domestic bonds by continuing to replace those with unrealized losses to create a portfolio with higher returns, Satoshi Asahi, who took over the role Tuesday, said in an interview.