Kobe Steel Ltd.’s legal problems are just beginning in wake of the company’s disclosure that it falsified data for years about the durability of aluminum and copper used in airplanes, trains and vehicles. The Japanese company, which supplies many of …
Octo Telematics, the London-based provider of telematics for the auto insurance industry, announced it will acquire the usage-based insurance (UBI) assets of Willis Towers Watson and will create a partnership with the broker to develop insurance products. These UBI assets …
Arch Capital Group Ltd. has announced a number of senior management changes in its worldwide reinsurance group. Jerome Halgan, currently the president and chief executive officer of Arch Reinsurance Co. in the U.S., has been promoted to the role of …
KPMG LLP’s South African unit appointed nine new executives in an attempt to restore trust in the auditing firm as clients continued to distance themselves over its involvement with the politically connected Gupta family. Andrew Cranston, a partner and former …
Specialist global insurer Hiscox announced the appointment of Kate Markham as CEO for its London Market business, subject to regulatory approval. Markham has been at Hiscox for five years and most recently was managing director of its direct to consumer …
The scandal engulfing Kobe Steel Ltd. deepened on Wednesday as the Japanese steelmaker said it may have falsified data about another of its products, which is typically used in automobile parts including brakes and steering components. The country’s third-largest steel …
Starr Cos. announced it has introduced commercial primary auto coverages in all provinces and territories in Canada. “This allows Starr to better support our primary general liability accounts by offering commercial auto to our insureds,” stated Hano Pak the chief …
Willis Towers Watson said it has strengthened its Insurance Consulting and Technology business with two new senior appointments. Based in London, Neil Bruce joins the UK P&C Insurance Consulting and Technology team from Travelers Syndicate Management, where he was chief …
Specialist insurer Beazley has underwritten its first policies through its new Dublin-based insurance company, which was authorized by the Central Bank of Ireland in July. The company, Beazley Insurance, is rated “A” by A.M. Best and “will play a key …
Japan’s government sought on Tuesday to contain the fallout from the disclosure by the nation’s third-biggest steel maker, Kobe Steel Ltd, that it had fabricated data on components used in cars, aircraft and space rockets, sending shock waves through the …
