Reinsurance News
Tokio Marine HCC
Tokio Marine HCC to acquire renewable energy insurer GCube
4th March 2020
Tokio Marine HCC, a member of Tokio Marine Group, has announced the signing of a purchase agreement to acquire renewable energy risk specialist MGA, GCube. Specialist renewable energy insurer GCube is one of the largest underwriters of renewable energy, covering wind, solar, bio, hydro, wave, and tidal projects across the globe. The ... Read the full article
Tokio Marine grows 9M income on lower cat losses
14th February 2020
Japanese property and casualty insurance group, Tokio Marine Holdings, Inc., has reported a 2.3% increase in net income over the first nine months of 2019, due to a decline in domestic natural catastrophes and stable investment results in North America. Net income was recorded at 226.6 billion yen (US $2.06 billion) ... Read the full article
Tokio Marine completes $3.1bn acquisition of Pure Group
11th February 2020
Large Japanese property and casualty insurance group, Tokio Marine Holdings, Inc., has completed its previously announced acquisition of Privilege Underwriters, Inc. and its subsidiaries (Pure Group). It was announced in October of last year that Tokio Marine was set to acquire the US high net worth insurance specialist for $3.1 ... Read the full article
Tokio Marine HCC – Specialty Group bolsters Canada team
7th February 2020
Tokio Marine HCC, a member of Tokio Marine Group, has announced the addition of Scott La Croix to its Specialty Group, as Vice President and Head of Tokio Marine HCC - Specialty Group in Canada. Specialty Group is part of Tokio Marine HCC, and operates as a provider of specialised insurance ... Read the full article
Tokio Marine integrates Thailand unit with Safety Insurance
4th February 2020
Tokio Marine has announced the completion of the integration between its Thai subsidiary, Tokio Marine Insurance (Thailand) PCL. (TMITH), and Safety Insurance Public Company Limited. The combined company, which will officially launch as Tokio Marine Safety Insurance (Thailand) Public Company Limited' (TMSTH), has now received approval from the Office of Insurance ... Read the full article
Tokio Marine HCC’s Barnett & Browne named Co-Global Marketing Leaders
20th November 2019
Tokio Marine HCC has announced the appointment of Jeremy Barnett and Phelim Browne as Co-Global Marketing Leaders, effective October 1st, 2019. In their new roles, both Barnett and Browne will report to Thomas Harmeyer, Executive Vice President (EVP), Tokio Marine HCC. Browne currently serves as Head of Marketing for Tokio Marine HCC, ... Read the full article
Tokio Marine HCC adds Heath, Johnson to delegated property team
15th November 2019
Specialty insurance group Tokio Marine HCC has appointed Stuart Heath and Linda Johnson to its delegated property team as head and senior underwriter, respectively. Heath brings over 40 years of market experience and will be responsible for building a new account, focused on UK and European specialty property. He most recently served ... Read the full article
Tokio Marine HCC appoints Thomas Harmeyer as EVP
6th November 2019
Specialty insurance group Tokio Marine HCC has announced the appointment of Thomas Harmeyer as Executive Vice President (EVP), effective October 1, 2019. Harmeyer joined Tokio Marine HCC in 2003 and most recently served as Executive Chairman for its Cyber & Professional Lines and Public Risk Groups. Previously, he has held positions including ... Read the full article
Tokio Marine HCC appoints Co-Chief Financial Officers
10th October 2019
Specialty insurance group Tokio Marine HCC has announced the appointments of Sharon Brock and Tom Weist as Co-Chief Financial Officers. Effective from October 1, 2019, Brock and Weist take over the role from Brad Irick, who has been named as the next Group Chief Executive Officer (CEO) of Tokio Marine Kiln. Brock ... Read the full article
Tokio Marine HCC makes senior surety hires in France
4th October 2019
Tokio Marine HCC has announced the appointments of Jennifer Metcalfe as Senior Surety Underwriter for France, effective from 16 September. She will report to Aymeric Vinet Desrues, Head of Surety - France, who was appointed in February 2019. Based in Paris, Metcalfe and Vinet Desrues will support medium and large-sized businesses both ... Read the full article
Tokio Marine expands surety operations with new Mexican unit
31st July 2019
Tokio Marine HCC has expanded its international surety operations with the formation of a new Mexican subsidiary, called Tokio Marine HCC Mexico Compania Afianzadora, S.A. de C.V. (TMHCC Mexico). The newly-formed entity provides surety bonds to Mexican-domiciled organisations and enables Tokio Marine’s Surety Group to produce business for customers in the ... Read the full article
Tokio Marine HCC bolsters global Media, Film & TV team
25th July 2019
Tokio Marine HCC has announced the appointments of Stuart Wolstenholme and Lucy Smith in its international Media, Film & TV team within its Professional Risks unit. Wolstenholme has been named Media Property and Liability Underwriting Manager, and brings more than 15 years of experience in the Media and Music industries to ... Read the full article
Tokio Marine HCC forms new, expanded Cyber & Professional Lines Group
23rd July 2019
Tokio Marine HCC has established Tokio Marine HCC - Cyber & Professional Lines Group, designed to provide leading-edge cyber and professional liability products for clients and policyholders. The new group includes the operations of NAS Insurance Services (NAS), which was recently acquired by Tokio Marine, and also the reorganised operations ... Read the full article
Tokio Marine HCC expands Surety team in Amsterdam
18th July 2019
Tokio Marine HCC has announced the appointment of Chris Marx as Senior Surety Underwriter – Netherlands, effective from July 1, 2019. Marx will report directly to Björn Eding, Head of Surety – Netherlands, who was appointed on 1 February 2019. With these hires, Tokoi Marine HCC continues the expansion of its international ... Read the full article
Tokio Marine Kiln’s UK insurer to be placed into run-off
20th June 2019
It's been announced that Tokio Marine Kiln Insurance (TMKI), the UK insurance operation of Tokio Marine Kiln, as well as portfolios of UK property, liability, marine, and engineering risks currently underwritten through TMKI, will be placed into run-off. Effective July 1st, 2019 TMKI will stop accepting new business, with the exception ... Read the full article
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