Japan's Insurers Surge on Buybacks, Unwind of Cross-Holdings
Shares of Japanese insurers MS&AD Insurance Group Holdings Inc. and Tokio Marine Holdings Inc. surged after the companies announced stock buybacks, as
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Shares of Japanese insurers MS&AD Insurance Group Holdings Inc. and Tokio Marine Holdings Inc. surged after the companies announced stock buybacks, as
AIA Group Ltd. posted a 27% actual exchange rate jump in new business value in the first quarter, led by growth in Hong Kong and mainland China, while announcing an additional share buyback.
Stripping out the effect of exchange-rate fluctuations, new business value surged 31 per cent while annualised new premiums rose 26 per cent.
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