Sompo Holdings

Sompo also finalised pricing on its new deal.

The insurers have both been able to cut pricing below targets.

The executive joins from Axa XL to take up the newly created role.

MS&AD noted that losses could yet increase and highlighted its access to reinsurance coverage.

The Sompo International-owned company said it expected to return most capital by the end of 2020.

The fund’s liquidation will continue into 2021, although the bulk will be done by early next year.

In a note to investors Matt Carletti ranked catastrophe aggregate programmes as being set to see the largest price rises.

Tokyo is among some of the prefectures worst hit by Typhoon Trami, RMS said.

The six typhoons in Japan this year could weaken the creditworthiness of the country’s three insurance giants.

The fund has made a 0.7 percent loss in the first half.

The fund makes a 1.38 percent loss in the first five months of the year.

Sompo International’s chief financial officer Mike McGuire said the firm remained committed to its Blue Capital platform after deciding to put its London-listed fund into run-off this week.