Reinsurance News

Toa Reinsurance Company

Toa Re of America appoints Nathaniel Wallman as CEO

17th April 2023

Toa Re of America (TRA) has appointed Nathaniel Wallman as Chief Executive Officer, replacing Richard Sanford. Wallman first joined TRA in 2002 and has over four decades of experience in the reinsurance industry. The firm suggests that its market strategy and positioning remain the same, with activities focused on reinsurance solutions, cross-functional learning ... Read the full article

Toa Re’s core companies downgraded to ‘A’, outlook remains stable: S&P

30th January 2023

S&P Global Ratings has lowered from 'A+' to 'A', its financial strength and long-term issuer credit ratings on Toa Reinsurance Co. and its two oversea subsidiaries, US-based Toa Reinsurance Co. of America and Switzerland-based Toa 21st Century Reinsurance Co. Ltd. The outlooks on the ratings remain stable. S&P said that the ... Read the full article

Toa Re America recruits Chief Agent of Canada from PartnerRe

30th June 2022

Toa Re America (TRA), the North America arm of Japanese group Toa Reinsurance Company, has announced the appointment of Jing Gong as Senior Vice President, Chief Agent of Canada. Gong joins TRA from PartnerRe where he held the position of VP, Treaty Underwriting. Prior to PartnerRe, he was a senior Market ... Read the full article

S&P Global Ratings revises Toa Re & two subsidiaries outlooks to negative

13th June 2022

S&P Global Ratings has announced that it has revised to negative from stable, its outlook on the financial strength rating and long-term issuer credit rating of Toa Reinsurance Co. The ratings agency also said that it took the same outlook actions on two overseas subsidiaries – US-based Toa Reinsurance Co. of ... Read the full article

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