Reinsurance News
Tokio Marine HCC
Tokio Marine HCC Intl. adds Green Upgrade Endorsement to property wordings
20th July 2023
The Japanese Business Division of Tokio Marine HCC International (TMHCCI) has unveiled a new Green Upgrade Endorsement that will be added as a standard endorsement, at no additional cost, to the firm's combined commercial property policies from August 1, 2023 as they renew. According to the announcement, the endorsement will provide ... Read the full article
Tokio Marine HCC to acquire Gulf Guaranty Employee Benefit Services
19th July 2023
Tokio Marine HCC, a member of the Tokio Marine Group has signed a definitive agreement to acquire Gulf Guaranty Employee Benefit Services, Inc. (Gulf Guaranty). Gulf Guaranty is a third-party administrator and managing general underwriter that designs, underwrites and administers group gap medical plans for small and mid-sized businesses. The transaction, which ... Read the full article
Tokio Marine HCC’s data shows rising popularity of TRI, increased confidence amid M&A slowdown
18th July 2023
Despite a recent decline in mergers and acquisitions (M&A) activity over the past year, new data released by Tokio Marine HCC (TMHCC) emphasises the growing popularity of Transaction Risk Insurance (TRI) and its effectiveness in paying claims, contributing to increased confidence among industry professionals. TMHCC, a leading provider of TRI with ... Read the full article
TMHCCI names Head of Legal & Compliance for its European operations
17th July 2023
Tokio Marine HCC International (TMHCCI) has announced the appointment of Sandy Mavrommati as the new Head of Legal & Compliance for its European operations, Tokio Marine Europe (TME). This move aims to enhance the company's network of compliance expertise and ensure the safe and compliant operation of its business. Mavrommati joins TMHCCI ... Read the full article
Tokio Marine HCC International promotes Des Burke to Group COO
26th June 2023
Des Burke, who led the transformation of Tokio Marine HCC International's technology and establishment of its architectural capabilities as Chief Information Officer, has been promoted to Group Chief Operations Officer. Burke first joined TMHCCI in 2021 from Lloyd’s and has over two and a half decades of experience in operations and technology ... Read the full article
Tokio Marine HCC restructures London Market teams to facilitate growth
5th May 2023
Tokio Marine HCC International (TMHCCI) has announced its London Market Marine, Energy and Renewables businesses will be brought under one operating structure which will be headed up by the recently appointed Ben Kinder. According to TMHCCI, this move will "facilitate future growth and drive greater efficiencies." Kinder, who joined TMHCCI from Zurich, ... Read the full article
TMHCCI adds Crowley and Roberts to UK Trade Credit division
21st March 2023
Tokio Marine HCC International (TMHCCI) has announced the appointment of two Senior Risk Underwriters, Karen Crowley and Arwel Roberts, to its UK Trade Credit division. With over two decades of experience in Trade Credit, Crowley joins TMHCCI from Atradius, where she held several roles, the most recent one being Senior Key ... Read the full article
Russia’s cyber warfare in Ukraine tops 2022 incidents list: Tokio Marine
2nd February 2023
Findings from Tokio Marine HCC International’s (TMHCCI) latest annual Cyber Incidents Report, shows that in 2022, global cybercrime stakes were raised significantly with entire governments, as well as individual businesses falling victim to regular and often devastating attacks. Topping the list in the reports top ten cyber incidents of 2022 was ... Read the full article
Coforge and Tokio Marine HCC sign IT partnership
5th December 2022
Global digital services and solutions provider Coforge and insurer Tokio Marine HCC have signed a partnership to drive IT transformation, according to a statement from the two firms. According to the two, TMHCC has worked with Coforge since 2016. Coforge was engaged as an IT partner for its digital process automation ... Read the full article
Tokio Marine HCC promotes Vanesa Herrero to role of European CEO
24th November 2022
Tokio Marine HCC International has promoted Vanesa Herrero to the role of chief executive officer of Tokio Marine Europe. The firm said that the appointment follows the imminent departure of Christian Kanu who is leaving TMHCCI to take up a new role at a global insurer in his native Italy. In addition ... Read the full article
Tokio Marine HCC sees net premiums written increase 36% in Q2 results
18th November 2022
Tokio Marine HCC has reported a 35.6% increase in net premiums written in its Q2 2022 financial year results to JPY 367.5 billion ($2.63bn). Net premiums earned saw an even larger increase year over year of 46.8%, totalling JPY 327.4 billion ($2.34bn) compared to JPY 223 billion ($1.6bn) in 2021. Tokio Marine ... Read the full article
Tokio Marine HCC appoints Megann Kellom as COO
8th September 2022
Tokio Marine HCC - Public Risk Group, a provider of insurance solutions for public entities, has named Megann Kellom as Chief Operating Officer (COO). She will be reporting to Christopher Skarinka, the group’s President. Kellom has more than 20 years of experience in the insurance industry. Most recently she has served ... Read the full article
Tokio Marine HCC joins ADB to increase lending capacity in APAC
25th August 2022
Tokio Marine HCC (TMHCC) and Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF) have partnered up with Asian Development Bank (ADB), along with four other global insurers to participate in ADB’s new framework credit insurance program. The program covers loans for financial institutions, and also increases lending capacity by $1 ... Read the full article
Tokio Marine HCC International’s London Market operations to move to the Walkie Talkie building
12th August 2022
Tokio Marine HCC International (TMHCCI) has announced that its London Market operations, which includes GCube, will be moving from their current separate offices in to one consolidated location on floor 6 of 20 Fenchurch Street – commonly known as the Walkie Talkie building. The move is scheduled to happen in the ... Read the full article
GCube announces opening of Houston office amid underwriting team expansion
10th August 2022
GCube, a member of the Tokio Marine HCC group, has announced the opening of its Houston office, accompanied by a new senior appointment in Sarah Bratton. Bratton joins GCube from Ascot Underwriting and holds over ten years of experience in the energy and power generation underwriting business. She underwrites property and ... Read the full article
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