Typhoons Faxai and Hagibis, two massive weather disturbances that impacted Japan in recent weeks, are unlikely to affect the financial stability of the country’s three major non-life insurers, according to a commentary by AM Best.
The international insurance credit rating agency said that the two mega-typhoons are unlikely to have a significant impact on MS&AD Insurance Groups Holdings, Sompo Japan Nipponkoa Insurance, and Tokio Marine & Nichido Fire Insurance, due to their appropriate catastrophe risk management and strong capitalisation levels.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.