Reinsurance News

Toa Reinsurance Company

Toa Re hires Tom Passante as SVP and senior actuary

10th May 2022

Toa Re has appointed Tom Passante as senior vice president and senior actuary. Passante will report directly to Julie Halper, executive vice president and chief actuary, in his new role. Halper, meanwhile, was appointed to her role in August of last year. Dick Sanford, CEO of the firm, said: “Tom is ... Read the full article

Toa Re America makes three leadership appointments

1st December 2021

Toa Re America (TRA) has appointed David Kavula and Kim Brown as Senior Vice Presidents Treaty Underwriting. Both positions report to Brian Sabia, Executive Vice President and Chief Underwriting Officer. Kavula joins TRA from Everest Re where he recently held the position of Vice President Treaty Underwriting Casualty. Prior to Everest Re, he ... Read the full article

Toa Re America recruits new CEO from StarStone

1st December 2020

Japanese reinsurer Toa Re has announced that Richard N. Sanford has been appointed Chief Executive Officer of its US business, Toa Re America. Effective January 1, 2021, Sanford will take over from Edward J. Stanco, who has served as CEO of Toa Re America since January 2009. Sanford has 36 years’ industry ... Read the full article

Toa Re Europe adds life reinsurance to offering

15th October 2020

Tokyo-based reinsurer, The Toa Reinsurance Company, Ltd., is currently in the process of adding life reinsurance to the product offerings of its Zurich, Switzerland domiciled subsidiary, Toa Re Europe. The addition of life reinsurance to the product offering expands on the firm's property and casualty (P&C) reinsurance business, which it ... Read the full article

Toa Re targets portfolio development with launch of Toa Re Europe

17th May 2018

The launch of a new European reinsurance underwriting platform, set to be based in Zurich, Switzerland, has today been announced by The Toa Reinsurance Company Ltd. (Toa Re). Toa Re has decided to activate its wholly owned subsidiary Toa 21st Century Reinsurance Company Ltd. (TTFC), domiciled in Switzerland since 2002 and ... Read the full article

Toa Re and Barbican approved ‘in principal’ to set up Lloyd’s SPA

27th October 2017

Japanese reinsurer, Toa Reinsurance Company, and Barbican Insurance Group have received 'in principle' approval from the Lloyd's of London Franchise Board to launch Toa Re Special Purpose Arrangement (SPA 6132), which will be backed by Toa Re. After final approval has been received, the new SPA will begin underwriting on January 1st, ... Read the full article