What Caused Closure of Toyota’s 14 Assembly Plants in Japan? August 30, 2023 Toyota Motor was ramping back production at its Japan-based factories on Wednesday after a computer system processing orders for vehicle...
Super Typhoon Saola Lashes Taiwan Before Heading to Hong Kong August 30, 2023 By Cecilia Yap and Sing Yee Ong Super Typhoon Saola pummeled the south of Taiwan early Wednesday with strong winds and heavy rain, shutting offices and canceling...
People Moves: Starr Names Chen CEO of Starr Singapore; Arch Re Announces 4 Executive Promotions; Fidelis MGU Boosts Underwriting Team With 6 Promotions August 30, 2023 This edition of International People Moves details appointments at Starr Insurance, Arch Reinsurance and Fidelis MGU. A summary of these...
Dutch Insurer NN Says Extreme Weather May Make Further Premium Hikes Unavoidable August 30, 2023 By April Roach Dutch insurer NN Group NV may increase premiums further as extreme weather patterns become more prevalent, Chief Executive Officer David...
UK’s Direct Line Group Names Aviva’s Winslow as Group Chief Executive Officer August 30, 2023 UK insurer Direct Line Group announced that Adam Winslow has been appointed as chief executive officer, subject to regulatory approval....
Car Premiums to Rise Again as British Insurers Feel the Heat August 30, 2023 By Irina Anghel and Laura Benitez Motorists in Britain should brace for another year of steep insurance rises as providers confront cost pressures, industry figures have...
Lufthansa Weighs Sale of Aviation Insurance Broker, Insurer: Sources August 30, 2023 By Jan-Henrik Förster, Eyk Henning and Siddharth Philip Deutsche Lufthansa AG, the German airline, is looking to sell its insurance brokerage unit Albatros and insurance business Delvag, according...
Reinsurers’ Cyber Rates Expected to Rise as They Seek to Regain Profitability: S&P August 29, 2023 By L.S. Howard More cyber reinsurance rate increases can be expected as reinsurers seek to regain underwriting profits in their cyber portfolios, according...
Howden’s Aston Lark Acquires UK Broker Curtis Marine August 29, 2023 Aston Lark, a Howden company, announced it has acquired Plymouth, UK-based marine insurance broker, Curtis Marine. Financial details of the...
Removing Fukushima’s Melted Nuclear Fuel Will Be Harder Than Wastewater Release August 29, 2023 By Mari Yamaguchi At a small section of the Fukushima Daiichi nuclear plant’s central control room, the treated water transfer switch is on....