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BestWeek Asia/Pacific: Currencies, Catastrophes Loom Over Japan’s Reinsurance Market

2009-05-20 11:05
  • English

OLDWICK, N.J.--(BUSINESS WIRE)--April reinsurance renewals in Japan saw modest rate hikes, and reinsurers say capacity is at a good level. But the market is exposed to unfavorable currency exchange rates and the threat of major natural catastrophes, according to BestWeek Asia/Pacific.

A.M. Best Co.’s BestWeek Asia/Pacific is a multimedia online digital newsletter for insurance professionals. The 19 May edition is available at www.bestweek.com/bwap051909.html or by visiting www.bestweek.com.

This week’s edition also examines the growth of takaful, or Islam-compliant insurance in Asia-Pacific markets, and how the current global financial crisis might contribute to that growth.

The edition includes audio interviews with Takashi Goda of Swiss Re on Japan’s reinsurance market and Ernst & Young’s Sameer Abdi on the takaful market.

Video reports include a review of the A.M. Best Stock Indexes for Asia/Pacific, Global Brokers and Global Reinsurers and video news updates.

For a complimentary subscription, visit www.bestweek.asia.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.

Contacts

A.M. Best Co.
Iris Lai, +(852) 2827 3400
iris.lai@ambest.com