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.
Topics Carriers
Was this article valuable?
Here are more articles you may enjoy.
Need Wind Mitigation? New Florida Insurer Wants to Help With That 
Ship Insurers Set for Major Claims From Iran War, Allianz Says 
Intersecting Risks and the Future of Construction Insurance 
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested 
