Standard & Poor’s are the latest ratings agency to turn to a negative outlook on some of the bigger Japanese insurance companies (our article on Moody’s negative sentiment here). S&P have revised the outlook on nine Japanese insurers in the wake of the earthquake and tsunami disaster.
The nine insurers are: Mitsui Sumitomo Insurance Co. Ltd.; Aioi Nissay Dowa Insurance Co. Ltd.; Mitsui Sumitomo Kirameki Life Insurance Co. Ltd.; Mitsui Sumitomo MetLife Insurance Co. Ltd.; Sompo Japan Insurance Inc.; NIPPONKOA Insurance Co. Ltd.; Sompo Japan Himawari Life Insurance Co. Ltd.; Kyoei Fire & Marine Insurance Co.; and Secom General Insurance Co. Ltd.
The outlook has turned negative, says S&P, as they expect the eventual losses from the earthquake and tsunami to negatively affect the financials os these nine insurers.
The article from S&P is available here.
View all of our Artemis Live video interviews and subscribe to our podcast.
All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.
Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.
