Takata Corp., the air-bag supplier behind the industry’s largest ever recall, routinely manipulated results of air-bag inflator tests reported to Honda Motor Co., according to an ongoing audit commissioned by the parts maker and its biggest customer. Takata engineers removed …
Khazanah Nasional Bhd., the $27 billion Malaysian sovereign fund, is weighing a bid for control of the insurance operations of billionaire Quek Leng Chan’s Hong Leong Financial Group Bhd., people with knowledge of the matter said. Khazanah is considering an …
Two drivers took Uber to a British employment tribunal on Tuesday, arguing that the ride service is acting unlawfully by not offering rights such as holiday and sick pay, in a test case that could force the app to change …
Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has expanded its Northern European operations, appointing Ulrich Kremer as senior vice president, Claims, Northern Europe. Ulrich joins BHSI with nearly 16 years of experience as a lawyer and in the insurance …
Catastrophe modeling firm AIR Worldwide (AIR) has formed a global resilience practice, which aims to support risk reduction and resilience initiatives across the globe. These initiatives are aimed at developing solutions to aid society’s efforts to better prepare for and …
Eight months after a murderous rampage in Paris, the deadly attack in the coastal city of Nice on Bastille Day threatens to throw a still-traumatized France into a tailspin in the run-up to presidential elections and raise terror alarms across …
XL Catlin has established a new Reinsurance Unit focused on providing facultative and treaty reinsurance across Africa. Leading the team is Alex St James who has been appointed as head of Africa for XL Catlin’s Reinsurance operations. Additionally, XL Catlin …
A push by Kenyan regulators to clean up the East African country’s insurance industry is poised to trigger stake sales or exits by underwriters unable to meet the new capital requirements, according to an industry group. Most companies missed a …
Starr Companies announced that Dorian Grey has joined the company as president, Latin America Division. Grey will have overall responsibility for the growth and profitability of Starr’s activities in Mexico, Central and South America and the Caribbean. “We are delighted …
The Bermuda insurance industry is projected to grow at a steady pace as a result of new regulations and consistent growth in external business, such as offshore and captive, according to a new report published by London-based business intelligence company …