Japan’s Sompo Holdings Inc. announced it has agreed to sell Lloyd’s re/insurer Sompo Canopius AG to a private equity consortium led by Centerbridge Partners for $952 million. On completion of the purchase, Canopius will become a standalone business led by …
Japan’s government plans to sell shares in Japan Post Holdings Co. as soon as this month, the first sale since the company’s massive 2015 listing, a government source familiar with the deal said on Friday. The finance ministry will meet …
Private equity firm Warburg Pincus made a majority investment in SCM Insurance Services, the privately owned Canadian insurance services provider said on Thursday. SCM did not disclose financial terms but said the investment would help grow its business in Canada …
Chubb has broadened its enterprise risk management options for Chubb commercial cyber policyholders in the United States and Canada. Two new policy forms, Cyber Enterprise Risk Management (Cyber ERM) and DigiTech Enterprise Risk Management (DigiTech ERM), combine cyber insurance with …
NORCAL Mutual Insurance Company will began offering medical professional liability insurance in Nebraska on Sept. 1. This is the latest in NORCAL’s national expansion, which now reaches 38 states, including the District of Columbia. NORCAL provides insurance for physicians and …
Rains from Harvey are inundating coastal Alabama with floodwaters and forcing the Tennessee Valley Authority to lower lake levels in north Alabama. Authorities say numerous roads were covered with water in Mobile and Baldwin counties Wednesday morning, and conditions could …
An unprecedented amount of rain has fallen on the Houston area due to Hurricane Harvey, causing what’s likely the worst flooding event that the nation’s sixth-largest metropolitan area has ever experienced — even worse than 2001’s Tropical Storm Allison. This …
The U.S. House of Representatives will vote Wednesday on a sweeping proposal to speed the deployment of self-driving cars without human controls and bar states from blocking autonomous vehicles, congressional aides said. The bill, which was passed unanimously by a …
Ford Motor Co. is considering deploying self-driving vehicle technology in larger commercial vehicles and is working with multiple partners to put its autonomous vehicles on the road, a senior Ford executive told Reuters on Tuesday. “We’ve been talking with different …
In its devastatingly slow crawl up the industrial Gulf Coast, Hurricane Harvey is proving to be the biggest test yet of the safety and vulnerabilities of the U.S. chemicals industry. A Houston-area chemical plant was hit by explosions overnight after …
