Hawaii Governor Benjamin Cayetan gave his okay to the recent incorporation and licensure of Heiwa Insurance Inc., the state’s first captive insurance company which is directly owned by a Japanese corporation and insures risks situated in Japan. Licensed on March …
Prudential Insurance Co. of America announced that, following the recent approvals by the Tokyo District Court, it had completed its rescue plan for the insolvent Japanese insurer Kyoei Life Insurance Co. Ltd. and would resume business under the name Gibraltar …
The Tokyo District Court, Japanese regulatory authorities and major creditors have all given final approval to American International Group’s takeover of failed insurer Chiyoda Mutual Life Insurance Co. Chiyoda filed for bankruptcy protection last October after running up a mountain …
Kansas City-based Aquila, Inc. will join forces with Japan’s Mitsui Marine and Fire Insurance Co. to develop and market weather risk management products in Japan and Asia. Aquila, a diversified subsidiary of UtiliCorp United, is a leading marketer of risk …
Zurich North America, the U.S. subsidiary of the Anglo-Swiss Zurich Financial Services Group, announced that it was expanding the role of “its Zurich Emerging Markets Solutions group’s political risk and credit insurance offering to the Asian market.” “The expansion allows …
Everyone from the Russian space team, residents of Japan, Australia and the South Pacific, and certainly the brokers and underwriters at Lloyd’s who insured its safe landing for $200 million, can breathe a collective sigh of relief. Mir de-orbited and …
Tokyo Mutual Life became the seventh Japanese insurer to file for bankruptcy since the end of World War II as it sought court protection, listing outstanding liabilities in excess of $7.9 billion. The move was precipitated when Daiwa Bank, TML’s …
Everyone from the Russian space team, residents of Japan, Australia and the South Pacific, and certainly the brokers and underwriters at Lloyd’s who insured its safe landing for $200 million, can breathe a collective sigh of relief. Mir de-orbited and …
Lloyd’s announced that an expert team of brokers and underwriters, who are closely following the de-orbiting process of Russia’s Mir space station, would be available to comment on the risks and other insurance issues relating to the scheduled splashdown in …
Charlotte N.C-based Transamerica Reinsurance, a division of the Transamerica Group, which is a subsidiary of Holland’s AEGON Insurance Group, announced that it had officially opened its new Head Office for Asia in Hong Kong. “This head office will provide oversight, …
