Rating agency Moody's has put six Japanese P&C insurance and reinsurance companies on review for possible downgrade.
The review has been prompted by the potential financial impact of the declining manufacturing output in Japan and the deflationary pressures hitting the region.
The six companies are: Tokio Marine, Nichido Fire, Mitsui Sumitomo Insurance, Nipponkoa Insurance, Nissay Dowa General Insurance and Toa Re.
Moody's said the growing risks associated with the erosion of capital positions of these companies and the challenges all the companies face with ongoing deregulations and merger integrations could affect ratings further.
Pressure will build on P&C insurers on the asset side of the balance sheet, the agency said.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
