Japanese insurers turn profit amid cat losses
Tokio Marine Holdings | December 04, 2018
The three largest property and casualty (P&C) insurers in Japan are poised to have a profitable year despite huge losses inflicted by catastrophes striking the East Asian country. The P&C insurance businesses of Tokio Marine Holdings, MS&AD Insurance Group, and Sompo Holdings have been profitable in the second and third quarters of the year, according to research by Moody’s. This shows that the firms are doing well despite several disasters occurring close to each other this year.