The earthquakes will test the business continuity plans that Toyota and its Japanese peers drafted after natural disasters hit the nations east coast five years ago and disrupted operations for months.
TigerRisk Partners hired Philipp Kusche from Swiss Re AG as the reinsurance broker seeks to put together more deals involving Wall Street investors who are looking to make bets tied to natural disasters.
More than 100,000 customers lost power and Houstons airports canceled hundreds of flights as a line of thunderstorms dropped more than a foot of rain across southeastern Texas.
The death toll from earthquakes that struck southern Japan rose to 42 and the economic impact began to reverberate Monday as companies surveyed damage and the potential effects on production from supply-chain disruptions.