Reinsurance News
Tokio Marine Kiln
TMK makes three new additions to its aviation team
9th September 2022
Specialist international insurer, Tokio Marine Kiln (TMK), has announced a number of high-profile appointments in the aviation team. According to the announcement, these appointments are part of a renewed drive in the sector under the direction of CUO Matthew Shaw and David Slevin, the departmental head who joined last year. Lisa Leahy ... Read the full article
Tokio Marine Kiln completes sale of US construction business to Intact
3rd August 2022
Tokio Marine Kiln (TMK) has completed its sale of Tokio Marine Highland’s (TMH) US construction division to Intact Insurance Group USA LLC with effect from 1st August 2022. Intact, conducting business under the brand name Intact Insurance Specialty Solutions, announced today that it has finalised the acquisition of Highland Insurance Solutions, ... Read the full article
Tokio Marine Highland sells US construction business to Intact Insurance Group
17th June 2022
Tokio Marine Kiln (TMK) has announced that a definitive agreement has been signed with Intact Insurance Group USA LLC (Intact) for the sale of Tokio Marine Highland’s (TMH) US construction division. In a press release, it states that Waller Helms Advisors acted as financial adviser and Morgan, Lewis & Bockius LLP ... Read the full article
TMK partners with Altelium on battery energy storage warranty
17th May 2022
Tokio Marine Kiln (TMK) has partnered with Insurtech Altelium to deliver the worlds first data-driven battery energy storage system (BESS) warranty programme to help accelerate growth in the battery energy storage market. BESS technology plays a key role in ensuring homes and businesses can be powered by green energy. It is ... Read the full article
Possible downgrade for TMK’s Lloyd’s Syndicate 557
20th April 2022
Syndicate Research Limited (SRL) has recently placed the B+ (Above Average) Continuity Opinion of Lloyd’s syndicate 557 (Tokio Marine Kiln Syndicates Limited) under review for possible downgrade, following the syndicate’s active underwriter leaving the business and confirmation that a review was being undertaken of the syndicates account. The syndicate, backed entirely ... Read the full article
Tokio Marine Kiln launches new IP product for SMEs
13th April 2022
Tokio Marine Kiln has released its new Intellectual Property Abatement Insurance for US-based SMEs, where the product will be available as an add-on to TMK’s Intellectual Property (IP) Infringement Defence Policy and features limits of up to $3 million. The product will be available for Micro-Enterprise and Small to Medium size ... Read the full article
TMK appoints Spyropoulos as Asia’s Regional Managing Director
7th April 2022
Tokio Marine Kiln (TMK) has appointed Pavlos Spyropoulos as Regional Managing Director for Asia. Spyropoulos joins TMK from Lloyd’s Asia, where he served as Chief Executive Officer. In 2014, Spyropoulos relocated to Singapore to assume responsibility for Lloyd’s Asia’s market development, and since then he has served in a variety of senior ... Read the full article
Tokio Marine Kiln partners with CarbonChain
25th October 2021
Tokio Marine Kiln (TMK) has partnered with CarbonChain, a startup building technology solutions, to measure greenhouse gas emissions to inform underwriting decisions. TMK and CarbonChain began exploring this partnership a few months ago as part of a project within the Lloyd’s Lab, the innovation incubator of Lloyd’s. Following a successful trial using ... Read the full article
TMK appoints Chubb’s David Slevin to lead Aviation department
19th October 2021
Specialist international insurer Tokio Marine Kiln has appointed David Slevin to lead its Aviation department starting next spring, as sights are set on expanding the firm's presence in the sector. The newly created role will see Slevin push for profitable growth and development of TMK’s Aviation portfolio. He brings more than 36 ... 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
Prince Charles launches industry-led climate change task force at Lloyd’s
24th June 2021
HRH The Prince of Wales has launched his Sustainable Markets Initiative (SMI) insurance task force today during a visit to Lloyd’s of London. Chaired by Lloyd’s, the task force is composed of executives from many of the world’s largest re/insurers and aims to provide an influential platform for the sector to ... Read the full article
TMK updates Lloyd’s syndicate forecasts for 2018 and 2019
10th November 2020
Tokio Marine Kiln (TMK) Syndicates Limited has announced the latest forecasts for the 2018 and 2019 years of account for its two non-aligned syndicates. The latest Lloyd’s of London syndicate results and forecasts from TMK show upward movement for Syndicates 510 and 557, reflecting the latest COVID-19 estimates for both years ... Read the full article
TMK adds Elisabeth Ibeson as Chief People Officer
23rd October 2020
Tokio Marine Kiln, part of global insurance group Tokio Marine, has added Elisabeth Ibeson as Chief People Officer. Ibeson joins with over 30 years’ experience in HR roles across the UK and internationally. Before this latest role she led the HR function at Gallagher for eight years, developing team and people practices ... Read the full article
Tokio Marine Kiln appoints Tobin Ryan as Head of Claims
17th July 2020
Tokio Marine Kiln (TMK), part of global insurance group Tokio Marine, has announced the appointment of Tobin Ryan as Head of Claims, following the retirement of Nick Sinfield. Ryan was previously Head of Property and Special Lines Claims at TMK, having joined the firm in 2012. In his new role, he will ... Read the full article
Tokio Marine Kiln syndicate forecasts dip on COVID-19
22nd May 2020
The latest Lloyd’s of London syndicate results and forecasts from Tokio Marine Kiln (TMK) show some downward movement in the forecasts for Syndicates 510 and 557 as a result of the COVID-19 pandemic. Starting with the 2018 year of account, Syndicate 510, with capacity of £1,136 million, saw its forecast range ... Read the full article
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