Japanese Insurers’ Shares Slide on Reports of FSA Request

Sompo’s stock was recently 5.1% lower at Y6,183, on track for its biggest one-day loss since late November 2022. Tokio Marine’s shares were 5.2% lower, falling to Y3,221 and on course for their largest one-day loss since mid-March.

Local media including NHK reported Monday that Japan’s FSA issued the request to Sompo unit Sompo Japan Insurance, Tokio Marine unit Tokio Marine & Nichido Fire Insurance, Aioi Nissay Dowa Insurance and Mitsui Sumitomo Insurance.

Write to Ronnie Harui at ronnie.harui@wsj.com