Reinsurance News
Tokio Marine HCC
TMHCC names new Non-Exec Director to board of Tokio Marine Europe
27th July 2022
Multinational specialty insurance group, Tokio Marine HCC (TMHCC) has appointed Renaud de Pressigny as a Non-Executive Director to the board of its European company, Tokio Marine Europe (TME). With 40 years of experience in the insurance industry, de Pressigny is joining TME Board from his previous position as Managing Director of ... Read the full article
Tokio Marine HCC Specialty Group announces series of senior appointments
20th July 2022
Tokio Marine HCC (TMHCC) Specialty Group has announced a series of appointments and promotions. In London, Martha Crowhurst has been promoted to Senior Contingency Underwriter and will head up the London Market operation. Having been a part of the Contingency team for seven years, Crowhurst has a wide amount of experience and ... Read the full article
Tokio Marine HCC lines up with Vertafore
23rd May 2022
Tokio Marine HCC is to partner with Vertafore to help streamline how agents and brokers transact surety bond business online. The partnership between Tokio Marine HCC – Surety Group and Vertafore’s agency management system, AMS360, developed technology that eliminates the need for agents and brokers to re-key data into their own ... Read the full article
Tokio Marine Intl. restructures TRI division
23rd March 2022
Tokio Marine HCC International (Tokio Marine) has reorganised its Transaction Risk Insurance (TRI) division as it aims to capitalise on the unprecedented mergers and acquisition (M&A) activity across the globe. As part of Tokio Marine's expansion, the company has created two new units, TRI North America and TRI International. The North American ... Read the full article
Cyber threats continue to grow: Tokio Marine HCC
18th February 2022
The threat from cyber threats continues to grow, according to a new report from Tokio Marine HCC. The second edition of the Cyber Incidents Report found that just ten incidents in 2021 led to the theft of over $600m in cash, while tens of millions of records, and ten of thousands ... Read the full article
Tokio Marine HCC Intl. bolsters UK Professional Risks division
16th February 2022
Tokio Marine HCC International has strengthened its UK Professional Risks division with a relocation to two larger premises in Cardiff and Birmingham, as well as a number of new hires and promotions. Specifically, Adam Bradford will take on the role of Underwriting Manager - Professional Risks Midlands and South, to lead ... Read the full article
Tokio Marine HCC names President of Cyber & Professional Lines Group
11th January 2022
Tokio Marine HCC has announced the appointment of Michael Palotay as President of its Cyber & Professional Lines Group, effective January 1st. Palotay, who previously served as Chief Underwriting Officer, will succeed Richard Robin who is retiring and will remain in a consultative capacity until April 1. With more than 15 years’ ... Read the full article
Tokio Marine HCC adds Doris Pajon from AGCS
30th December 2021
Tokio Marine HCC has announced the appointment of Doris Pajon to its Crisis Management Team, a role which sees her lead the European team in all aspects. Pajon is a Senior Underwriting Manager with proven expertise, and joins the company from Allianz Global Corporate & Specialty (AGCS). In her new role with ... Read the full article
Tokio Marine Intl. non-life profit up by 200%
19th November 2021
Total non-life profits from the international operations of re/insurance holding company Tokio Marine rose by 199.2% to $1.1bn in the second quarter of 2021’s financial year. The improved performance was driven by North America, although a better result was also evident in its European operations. According to Tokio Marine, its international operations ... Read the full article
Tokio marine makes two hires within Cyber & Professional Lines
25th October 2021
Tokio Marine HCC has appointed Richard Savage as Director of Cyber Incident Response and Alex Bovicelli as Director of Threat Intelligence. The appointments are the latest in a series of enhancements to the group’s cyber security capabilities as it builds on its 15-year heritage of cyber insurance excellence. Bovicelli will focus on ... Read the full article
Tokio Marine Highland adds fine art to specialty offering
14th October 2021
Property and casualty underwriting agency Tokio Marine Highland has enhanced its suite of specialty risk management solutions with the launch fine art insurance for personal and commercial risks. Christiane Fischer has been appointed as President of the Fine Art Division, and will be responsible for delivering the company's custom insurance solutions ... Read the full article
Tokio Marine adds new climate restrictions for underwriting, investments
1st October 2021
As part of its revised climate strategy, global P&C insurance group Tokio Marine has introduced new restrictions to its insurance underwriting and investment and lending policies. Specifically, the new revisions add thermal coal mining projects to the list of restricted businesses for new business transactions, in addition to the existing exclusion ... Read the full article
Tokio Marine opts for CyberCube analytics solutions
26th August 2021
Tokio Marine, the global P&C insurance group, has partnered with cyber analytics provider CyberCube to gain access to its suite of products, including Account Manager, Portfolio Manager and a range of other modelling solutions. Tokio Marine Group currently writes cyber insurance via TMNF in Japan, TMHCC in US, Europe and Asia, ... Read the full article
Tokio Marine HCC’s Credit Group expands key European, Political Risk Team
16th August 2021
Tokio Marine HCC (TMHCC) - Credit Group has expanded its European Credit and Political Risk team with the appointment of Benjamin Faubert as Senior Underwriter. Faubert will operate from the firm’s Paris office and write a combination of Credit and Political Risk insurance products, with a particular focus on clients within ... Read the full article
Tokio Marine’s FY21 Q1 international profits jump $358mn
10th August 2021
Overall profits from the international operations of re/insurance holding company Tokio Marine rose by $358 million to $526 million in the first quarter of 2021's financial year. Year on year, profits rose primarily due to a reversal from COVID-19's effects but was impacted by $133 million in natural catastrophe costs. The firm expects to ... Read the full article
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