News
Takata in Hot Seat Again After Air Bag Materials Explode in Texas
A truck transporting Takata Corp air bag propellant material at the center of a global recall crashed and exploded in Texas last week, killing one woman and injuring four other people, the auto parts ...
Typhoon Lionrock Makes Landfall at Notorious Japanese Location
Typhoon Lionrock made landfall in Japan the evening of Aug. 30, carrying the intensity of a Category 1 hurricane. It hit the same area where a massive earthquake and tsunami in 2011 caused death and ...
Asian Regulatory Changes Could Hike Demand for Local Reinsurance: Fitch
Various regulatory initiatives in Asian markets could lead to greater demand for local reinsurance capacity as direct insurers rethink risk management strategies and appetite, according to a report ...
AIG’s Restructuring Efforts Earn Ratings Affirmation From Fitch
AIG ongoing focus on restructuring and deleveraging got a vote of confidence from Fitch Ratings. Fitch affirmed the insurer financial strength ratings of American International Group's ...
Cambridge Mobile Telematics Partners With Aioi Nissay Dowa Insurance to Develop Behavior-Based Telematics Program
Cambridge Mobile Telematics (CMT) and Aioi Nissay Dowa Insurance (ADI), a global insurance company, have formed a strategic partnership to bring a behavior-based telematics program to Japan. ...
Brexit Aftermath: Insurers, Other London Financial Groups Warm to Dublin
Ireland says the Brexit vote has led to a jump in enquiries from London firms considering opening offices in Dublin, one of a handful of European cities trying to draw business away from Britain's ...
Report: Tokio Marine in Talks to Buy RHB’s General Insurance Arm
Tokio Marine Holdings Inc is in exclusive talks to buy RHB Bank's general insurance unit in a deal that also includes an agreement to distribute the Japanese insurer's products through the Malaysian ...
UK PM Will Give Parliament Say on Brexit Trigger
U.K. Prime Minister Theresa May plans to give Parliament "a say" on starting the formal process for withdrawing from the European Union, her spokesman said, though he declined to say whether ...