Supply Chain Hack in Japan Provides Warning for Businesses Across the Globe April 18, 2023 By Jamie Tarabay, Min Jeong Lee and Takahiko Hyuga Kojima Industries Corp. is a small company and little-known outside Japan, where it produces cup holders, USB sockets and door...
Japanese Insurer’s Plan to Sell Foreign Debt Flashes Market Warning April 18, 2023 By Yumi Teso and Masahiro Hidaka A Japanese insurer with $65 billion of assets plans to offload all its currency-hedged foreign debt holdings, foreshadowing what may...
People Moves: Sompo Int’l Promotes Hyland to President of North America Reinsurance, Succeeding Hanke; Kegel Appointed Managing Director, DUAL Benelux April 17, 2023 Sompo Int’l Promotes Hyland to President of N. America Reinsurance, Succeeding Hanke Sompo International, the Bermuda-based provider of commercial and...
Global Insured Losses Estimated at $15B in Q1, With Economic Price Tag of $63B: Aon April 17, 2023 Private and public insurance entities saw an estimated $15 billion of global losses during the first quarter – close to...
French Court Clears Air France, Airbus Over Rio-Paris Plane Crash April 17, 2023 By Tim Hepher and Juliette Jabkhiro A French court on Monday cleared European planemaker Airbus and Air France of “involuntary manslaughter,” upsetting families of some of...
MGA Rokstone Launches Credit and Surety Treaty Division April 17, 2023 Rokstone, the London-based speciality re/insurance MGA, part of the Aventum Group, has launched a Credit & Surety Treaty division. Rokstone...
Western Australia Assesses Damage From Cyclone Ilsa’s ‘Path of Destruction’ April 17, 2023 Emergency authorities in Western Australia were assessing damage on Saturday from a tropical cyclone that hit the state’s northwest, sparing...
G-7 Ministers Set Big New Targets for Solar Power and Offshore Wind Capacity April 17, 2023 By Katya Golubkova and Yuka Obayashi SAPPORO, Japan — The Group of Seven rich nations on Sunday set big new collective targets for solar power and...
Scandal at CBI Plunges UK Business Lobby Into Existential Crisis April 17, 2023 By Sabah Meddings and Joe Mayes When Rishi Sunak stepped up to the podium at the Vox venue in Birmingham in November, he had one mission:...
UK Law Firm Ince to Seek Sale, Amid Cash Concerns, Delays in Reporting Results April 14, 2023 By Sam Tobin Legal and professional services firm Ince Group Plc plans to enter administration and pursue a sale of the company, it...