Reinsurance News
Tokio Marine HCC
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
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
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