Reinsurance News
Tokio Marine HCC
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
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
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