Japan P&I Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/japan-pi/ Wed, 26 Nov 2025 09:21:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Japan P&I announces 5% premium hike for 2026 renewal amid geopolitical tensions, inflationary pressure https://insuranceasianews.com/japan-pi-announces-5-premium-hike-for-2026-renewal-amid-geopolitical-tensions-inflationary-pressure/ Wed, 26 Nov 2025 09:01:45 +0000 https://insuranceasianews.com/?p=205431 Increase applies for owners’ and charterers’ entries, while rates for Japanese coastal vessels will increase by 10% and FD&D will also see a rise of 5%.

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Japan P&I Club has announced a 5% premium increase for 2026 for owners’ and charterers’ entries, alongside a 10% rise for Naiko Class (Japanese coastal vessels), citing persistent global inflation...

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]]> Japan P&I to sustain strong capitalisation, operating performance: S&P Global https://insuranceasianews.com/japan-pi-to-sustain-strong-capitalisation-operating-performance-sp-global/ Tue, 29 Jul 2025 08:17:43 +0000 https://insuranceasianews.com/?p=196315 Global rating agency on Tuesday upgraded its insurer rating to BBB+ from BBB with a stable outlook.

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The Japan Ship Owners' Mutual Protection & Indemnity Association (Japan P&I) will sustain its strong capital position and profitable underwriting policy going ahead, S&P Global Rating said...

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]]> Japan P&I Club posts 69.2% combined ratio in FY24 https://insuranceasianews.com/japan-pi-club-posts-69-2-combined-ratio-in-fy24/ Wed, 23 Jul 2025 05:26:16 +0000 https://insuranceasianews.com/?p=195852 Club said its financial year, which ended March 2025 was characterised by a 'noticeable increase in large claims' such as the Baltimore Bridge collapse.

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Japan P&I Club achieved a combined ratio of 69.2% in its 2024 business year (FY24), despite a noticeable increase in large claims across the International Group of P&I Clubs (IG).
The club sai...

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]]> Japan P&I Club overall tonnage falls 3% during 2025 renewal https://insuranceasianews.com/japan-pi-club-overall-tonnage-falls-3-during-2025-renewal/ Wed, 26 Mar 2025 04:16:19 +0000 https://insuranceasianews.com/?p=179572 The club had announced a 7% premium hike in 2025 for owners’ and charterers’ entries.

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The Japan P&I Club saw its overall tonnage fall by 3% during the 2025 renewal, it said in a press release.
At the start of the 2025 policy year, the number of policies for ocean-going owners’ entr...

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]]> Japan P&I confirms key personnel changes amid latest reshuffle https://insuranceasianews.com/japan-pi-confirms-key-personnel-changes-amid-latest-reshuffle/ Mon, 10 Mar 2025 06:48:34 +0000 https://insuranceasianews.com/?p=178099 Koji Shikada takes on extended roles as deputy head of underwriting units and general manager of Tokyo underwriting department I, effective from April 1.

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Japan P&I Club has announced several personnel changes, effective from April 1 and July 1, 2025, according to a press release.
From April 1, Koji Shikada (pictured), currently the general manager ...

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]]> Japan P&I’s underwriting performance could see some volatility: AM Best https://insuranceasianews.com/japan-pis-underwriting-performance-could-see-some-volatility-am-best/ Wed, 01 Jan 2025 08:58:45 +0000 https://insuranceasianews.com/?p=172447 US credit rating agency assigns a financial strength rating of 'A-' (excellent) and a long-term issuer credit rating of 'a-' (Excellent), with a stable outlook.

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The Japan Ship Owners’ Mutual Protection & Indemnity Association’s (Japan P&I) underwriting performance bears some level of volatility, according to credit rating agency AM Best.
A stable stre...

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]]> Japan P&I Club announces 7% premium hike for 2025 renewal amid inflation and uncertainties https://insuranceasianews.com/japan-pi-club-announces-7-premium-hike-for-2025-renewal-amid-inflation-and-uncertainties/ Tue, 10 Dec 2024 05:28:51 +0000 https://insuranceasianews.com/?p=171582 The increase applies for owners’ and charterers’ entries, while rates for Japanese coastal vessels and FD&D cover remain unchanged.

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Japan P&I Club has announced a 7% premium hike in 2025 for owners’ and charterers’ entries, citing rises in global inflation and insurance claims, according to a press release.
The International G...

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]]> Japan P&I Club announces major leadership reshuffle https://insuranceasianews.com/japan-pi-club-announces-major-leadership-reshuffle/ Sun, 29 Sep 2024 22:35:42 +0000 https://insuranceasianews.com/?p=163781 Riki Yamamoto, Kyoko Sakamoto, Yoji Tanaka and Shigeru Yamada are all part of the organisational reshuffle following the split of the Tokyo underwriting department into Tokyo underwriting department I and Tokyo underwriting department II.

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Japan P&I Club has announced an organisational and personnel reshuffle, effective October 1, according to a press release.
The Tokyo underwriting department will be divided into two departments, T...

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]]> Japan P&I Club returns to profit with 80% jump in premium income https://insuranceasianews.com/japan-pi-club-returns-to-profit-with-80-jump-in-premium-income/ Thu, 20 Jul 2023 14:56:42 +0000 https://insuranceasianews.com/?p=129901 A 10-15% rate increase, additional supplementary calls and sale of real estate assets helped the marine insurer script a turnaround.

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Japan P&I Club has posted a turnaround from last year’s losses to a net surplus of ¥4.65 billion (US$33.4 million) for FY 2022-23, according to a company statement. A general increase of 10% in pr...

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