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MS&AD Group plans to invest as much as about ¥700 billion ($5 billion) to expand in the North American market, to meet its goal of doubling operating profits in the region, according to its chief executive officer. japantimes.co.jp/business/2025 #business #msad #insurance #investments

The Japan Times · Insurer MS&AD plans to invest $5 billion to double U.S. profitsPar Nao Sano

„The world is fast approaching temperature levels where insurers will no longer be able to offer cover for many climate risks, said Günther #Thallinger, on the board of #Allianz SE, one of the world’s biggest insurance companies. He said that without insurance, which is already being pulled in some places, many other financial services become unviable, from #mortgages to #investments.“ #climatechange #climatecrisis

theguardian.com/environment/20

The Guardian · Climate crisis on track to destroy capitalism, warns top insurerPar Damian Carrington