Reinsurance News
Tokio Marine HCC
Tokio Marine HCC Intl. adds trio to professional risks team
7th July 2021
Tokio Marine HCC International, a member of Tokio Marine Group, has announced the appointments of Matthew Clayton and Ross Thompson as Senior Underwriters and Jonathan Olle as Senior Media Property and Liability Underwriter, all within its Professional Risks team in London. Clayton joins after a 16-year stint at Hiscox, where he ... Read the full article
Tokio Marine HCC promotes Jay Ritchie to CEO, Stop Loss Group
16th June 2021
Tokio Marine HCC, a member of Tokio Marine Group, has appointed Jay Ritchie as Chief Executive Officer of its Stop Loss Group after it was announced that Daniel Strusz will be retiring at the end of October. Ritchie currently serves as President Stop Loss Group and was previously President of HCC ... Read the full article
COVID losses for major Japanese P&C insurers offset by domestic profit: Moody’s
4th June 2021
According to analysts at Moody’s, the pandemic-related losses for overseas business for the three major Japanese P&C insurance groups in 2020 were largely offset by the strong profit from domestic business. The rating agency expects the groups, MS&AD Insurance Group, Sompo Holdings and Tokio Marine Holdings (TMH), to maintain prudent capital ... Read the full article
Tokio Marine HCC promotes Boyadjian to VP, Underwriting
11th May 2021
Property & Casualty insurer Tokio Marine HCC has appointed Kareen Boyadjian as Vice President of Underwriting. Boyadjian will report to Michael Palotay, the group’s Chief Underwriting Officer, and be based in Encino, California. She has overseen the healthcare segment of Cyber and manages the personal lines cyber product called NetGuard Select and ... Read the full article
Tokio Marine names Tom Weist as CFO
24th March 2021
Property & Casualty insurer Tokio Marine HCC has appointed Tom Weist as Chief Financial Officer following the retirement of current CFO, Sharon Brock. Brock is expected to remain with the company in an advisory capacity until next month, during which time she will be supporting the transition. Weist joined Tokio Marine HCC ... Read the full article
Tokio Marine’s reinsurance may not cover Greensill losses: reports
19th March 2021
Sources at Bloomberg believe that Tokio Marine may not be able to rely on its reinsurance program to limit exposure to the collapse of financial services company Greensill Capital. Tokio Marine reported last week that its reinsurance coverage was expected to absorb some of the costs the insurer may face ... Read the full article
Tokio Marine HCC Intl. hires Des Burke from Lloyd’s as CIO
18th March 2021
Tokio Marine HCC International, a member of Tokio Marine Group, has named Des Burke, formerly of Lloyd's of London, as its new Chief Information Officer (CIO), under the direction of Thibaud Hervy, Chief Underwriting Officer (CUO), Specialty Lines division. Joining from Lloyd's, where he most recently served as Chief Technology Officer ... Read the full article
Tokio Marine HCC names Ari Giller VP of cyber, tech underwriting
18th December 2020
Property & Casualty insurer Tokio Marine HCC has appointed Ari Giller as vice president of cyber and tech underwriting. He reports to Michael Palotay, the group’s Chief Underwriting Officer. Giller is based in Chicago and oversees the West Coast and Midwest underwriting divisions. Palotay said, “I’m excited to announce Ari’s promotion. He’s distinguished ... Read the full article
Tokio Marine HCC makes senior appointments
30th September 2020
Property & casualty insurer, Tokio Marine HCC has announced the appointments of Scott McEwen, Iain Farries, James Harper and Jamie Tamsett as part of its senior team. McEwen was named as Deputy Head of Delegated Property and brings over twenty years of property insurance experience to this new role as prior ... Read the full article
Tokio Marine HCC uses tech to simplify indemnity agreements
19th August 2020
Insurance group, Tokio Marine HCC is set to leverage DocuSign eSignature and knowledge-based authentication (KBA) technology to verify the identities of individual signers. The move is expected to simplify the indemnity insurance agreements process by eliminating the need for notaries and physical paperwork. It will allow agents, brokers and their clients to ... Read the full article
Jerome Swinscoe takes over as President of Tokio Marine HCC – Credit Group
11th June 2020
Tokio Marine HCC (TMHCC) has announced that Jerome Swinscoe will take over as President of Tokio Marine HCC – Credit Group, as current President Mark Reynolds transitions into a new role as Chairman. Both appointments will be effective as of January 1, 2021. Swinscoe currently serves as Chief Underwriting Officer of Tokio ... Read the full article
Tokio Marine HCC completes GCube acquisition
1st June 2020
Tokio Marine HCC has completed its previously announced acquisition of GCube, creating a new 'centre of excellence' for renewable energy insurance. The acquisition of specialist renewable energy insurer, GCube by Tokio Marine HCC was announced in early March. The deal combines GCube's extensive track record supporting renewables developers and asset ... Read the full article
Tokio Marine adopts Tractable AI solution for auto damage
11th May 2020
Property and casualty insurer Tokio Marine is to use an artificial intelligence (AI) solution from Tractable to process auto damage across its operations in Japan. Tractable, a technology firm that develops AI for accident and disaster recovery, uses computer vision to look at photos of car damage, enabling claims to be ... Read the full article
Tokio Marine HCC partners with CyberScout on new offering
23rd April 2020
Tokio Marine HCC, a member of Tokio Marine Group, has partnered with CyberScout to provide cyber insurance, cyber education, identity management and resolution services to insurance carriers throughout the US. CyberScout provides identity theft resolution, data defense and employee benefits services, and serves approximately 17.5 million households worldwide. With this new offering, ... Read the full article
Tokio Marine HCC adds adds Nick Pastor as SVP, Chief Actuary
16th April 2020
Tokio Marine HCC, a member of Tokio Marine Group, has appointed Nick Pastor as senior vice president and Chief Actuary. He reports to Tom Weist, Tokio Marine HCC’s Co-Chief Financial Officer. Pastor brings more than 25 years of actuarial experience to the role and most recently served as Deputy Chief Actuary at ... Read the full article
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