DENSO Corporation said it will establish a wholly owned captive insurance company — DENSO Reinsurance America Inc. — for its group companies in March.
The initial capital investment for the company will be US$3 million, and the company will be located in Hawaii. In April, DENSO Reinsurance America Inc. will begin undertaking marine insurance for the DENSO group companies worldwide and workers’ compensation insurances for DENSO group companies in the United States.
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a global supplier of advanced technology, systems and components.
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