Reinsurance News
Tokio Marine Kiln
Tokio Marine Kiln adds property underwriter to Singapore team
12th December 2018
London-headquartered specialist insurer Tokio Marine Kiln (TMK) has announced the appointment of Jamie Tang as a property underwriter in its Singapore team. Tang brings a decade of underwriting experience with him and has a strong background in complex property business and developing broker relationships. He also has experience working in the Australian ... Read the full article
Tokio Marine’s Luxembourg subsidiary takes next step as Brexit nears
19th November 2018
Tokio Marine Group, the parent of Tokio Marine Kiln (TMK) and Tokio Marine HCC International, has received approval from the High Court of England and Wales to complete the Part VII process of transferring its existing portfolio of policies written out of Continental European operations to its newly established subsidiary, ... Read the full article
Tokio Marine Kiln updates forecasts for Lloyd’s syndicates
9th November 2018
Tokio Marine Kiln has announced the latest results and forecasts for its three non-aligned Lloyd's syndicates, with syndicates 510 and 557 expected to produce a profit on the 2016 year of account, while remaining stable on the 2017 year of account. At the same time, the firm's syndicate 308 is loss ... Read the full article
TMK to close “unsustainable” Hong Kong office
24th October 2018
Tokio Marine Kiln is to reorganise its Asian operations following the immediate closure of its Hong Kong office. Operations in the region are based primarily in Singapore with the Hong Kong office providing a supporting role alongside Shanghai. TMK will be making arrangements over the next six months for the orderly runoff ... Read the full article
UPC & Tokio Marine Kiln partner on start-up insurer Journey
21st September 2018
United Insurance Holdings Corp. (UPC Insurance), a property and casualty (P&C) insurance holding company, has received regulatory approval for the licensure of its new P&C insurance subsidiary, Journey Insurance Company, which it formed in collaboration with Tokio Marine Kiln. Journey, which has also received an ‘A-‘ Financial Strength Rating and ‘a-‘ ... Read the full article
Tokio Marine Kiln hires former Novae CFO Reeken Patel
18th September 2018
Tokio Marine Kiln (TMK) has appointed Reeken Patel, formerly of AXIS Capital Holdings and Novae Group plc, as its new Chief Financial Officer (CFO), effective 1 October. Patel was group CFO at Novae from 2016, where he was responsible for overseeing the finance, risk, actuarial and investment teams, and played a ... Read the full article
Tokio Marine Kiln updates on modest Lloyd’s Syndicate improvements
14th August 2018
Tokio Marine Kiln Syndicates has released updated forecasts for the 2016 and 2017 years of account for its three non-aligned syndicates. For 2016 all three syndicates showed small improvements owing to a stable quarter in the company’s back-year development and, in particular, a reduction in ultimate losses for the 2017 Q3 ... Read the full article
BIBA partners with Tokio Marine Kiln on new drone insurance scheme
7th August 2018
The British Insurance Brokers’ Association (BIBA) has partnered with specialist and corporate insurer Tokio Marine Kiln (TMK) to launch a new drone insurance scheme. The Lloyd’s-backed scheme offers coverage for companies operating drones for either commercial or business purposes and is available via a digital platform that enables brokers to quote ... Read the full article
Tokio Marine Kiln announces new robotics partnership with NTT DATA UK
16th July 2018
London-headquartered specialist insurer Tokio Marine Kiln (TMK) has partnered with consulting and IT solutions firm, NTT DATA UK, to drive a more efficient service through robotics. Robotic Process Automation (RPA) is an application of technology aimed at automating business processes, leveraging automation to optimise data-processing capabilities. “As RPA technology continues to advance, ... Read the full article
Tokio Marine Kiln completes WNC Holdings acquisition
11th July 2018
Tokio Marine Kiln has acquired the remaining 51% stake in California-based WNC Holdings, having previously bought 49% of the company in June 2011. WNC is expected to retain its existing brand. WNC is an MGA that provides specialty risk management solutions to U.S. clients and expects $200 million of net written premium ... Read the full article
Tokio Marine Kiln launches $100mn IP facility with Aon
3rd July 2018
Tokio Marine Kiln, a global provider of specialist and corporate re/insurance, has partnered with Aon and several other Lloyd’s syndicates in establishing a new $100 million intellectual property facility. Led by TMK the facility is to offer tailored cover for businesses of all sizes and will help protect against a wide ... Read the full article
Tokio Marine Kiln restructures A&H team
21st June 2018
London-headquartered specialist insurer Tokio Marine Kiln (TMK) has announced it's in the process of reshaping its Accident & Emergency (A&H) unit. The restructuring sees long-serving, former departmental head of A&H Tim Prifti resign from his position, with Holly Strettle incoming as interim departmental head. The firm has said the re-organisation is so ... Read the full article
Tokio Marine Kiln’s syndicate losses continue at latest forecast
17th May 2018
Tokio Marine Kiln (TMK) has released the results for its three non-aligned Lloyd’s of London Syndicates and updated its 2017 year of account forecasts, revealing that losses are expected to continue in response to the costly catastrophe events experienced in late 2017. TMK’s Syndicates 510 and 557 both showed slight improvements ... Read the full article
Tokio Marine Kiln names Anna McNamara as group COO
30th April 2018
Tokio Marine Kiln (TMK), a global provider of specialist and corporate re/insurance, has appointed Anna McNamara as group Chief Operating Officer (COO). McNamara will now lead the strategy and management of all TMK group operations activities across the business. She has been with TMK since 2006, during which time she has played ... Read the full article
TMK extends Intellectual Property cover to France, Belgium, and Luxembourg
27th April 2018
Tokio Marine Kiln (TMK) has announced the launch of a specialist Intellectual Property (IP) re/insurance product in France, Belgium and Luxembourg. TMK already offers IP re/insurance to clients in the UK, U.S and other continental European markets through its London and Frankfurt offices, but has decided to expand into these new ... Read the full article
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