Reinsurance News
tokio marine
Greensill collapse does not ‘crystallise any exposure for TMNF,’ says Tokio Marine
23rd March 2021
Japanese insurance giant Tokio Marine has said that the insolvency of financial services company, Greensill Capital, does not result in any exposure to the Australian branch of Tokio Marine & Nichido Fire Insurance Co., Ltd (TMNF). Greensill, a specialist in supply-chain finance, filed for administration earlier this month after warning that ... Read the full article
Tokio Marine says reinsurance protects it against Greensill losses
10th March 2021
Japanese insurance giant Tokio Marine has told the Financial Times that it expects its exposure to the collapse of supply-chain financing group Greensill will be limited by its reinsurance protection. The exposure comes through trade credit insurance policies relating to the, extremely well-documented by the FT's journalists, collapse ... Read the full article
Tokio Marine set to launch new Canadian P&C firm
27th November 2020
Tokyo-based multinational insurance holding company Tokio Marine Holdings has applied to open a new property and casualty insurer in Canada. Tokio Marine Canada is expected to be incorporated in the second half of 2021 and should be operational by the first half of 2022. It will be launched backed by CAD75 million. This announcement ... Read the full article
RMS and Tokio Marine expand partnership
16th October 2020
Catastrophe risk solutions company, RMS and Tokio Marine Holdings have announced the expansion of their global commercial partnership through a new agreement. RMS models underlie Tokio Marine’s global view of natural catastrophe risk, and Tokio Marine entities have access to a range of RMS RiskLink and HD models as well as ... Read the full article
TMK adds Valerie Gordon-Walker as Independent Non-Exec Director
10th August 2020
Tokio Marine Kiln has announced the appointment of Valerie Gordon-Walker as an Independent Non-Executive Director to the TMK Syndicates (TMKS) Board. Gordon-Walker is a former Managing Director, Executive Committee Member and Group Head of People within a wide range of industries. She also has significant regulatory experience having acted as a Senior ... Read the full article
Eos closes Strategic InsurTech Fund, welcomes Tokio Marine & Direct Line
22nd May 2020
Eos Venture Partners has announced the close of its Strategic InsurTech Fund, which, invests in global InsurTech companies while at the same time promoting and facilitating engagement between incumbents and emerging tech providers. Established in 2016, Eos has offices in London and Philadelphia, and operates as a global independent Strategic Venture ... Read the full article
Matthew Shaw joins TMK from Chubb as new CUO
5th May 2020
Tokio Marine Kiln (TMK), part of global insurance group Tokio Marine, has hired Matthew Shaw from Chubb as its new Chief Underwriting Officer (CUO). Shaw joins TMK from insurer and reinsurer Chubb, where he most recently served as divisional president of global markets. He joined ACE (latterly Chubb) in 2002 having ... Read the full article
TMK cyber policy includes physical damage cover
24th February 2020
Tokio Marine Kiln, part of global insurance group Tokio Marine, has launched an enhanced policy designed to protect against physical damage from cyber attacks. Cyber Ctrl PD+ offers affirmative cover for property damage and ensuing business interruption arising from a cyber attack. “As most cyber insurance policies exclude cover for property damage, ... Read the full article
Egyptian investors acquire stake in Tokio Marine Takaful subsidiary
23rd December 2019
EFG Finance Holding, a subsidiary of Egyptian investment bank EFG Hermes, along with GB Capital, a wholly owned subsidiary of GB Auto, have entered into a definitive sale and purchase agreement to acquire a 75% stake in Tokio Marine Egypt Family Takaful. The deal is worth £4.1 million and is subject ... Read the full article
Tokio Marine Kiln launches flagship cyber product in Asia
31st October 2019
Tokio Marine Kiln, part of global insurance group Tokio Marine, has launched its flagship cyber product in Asia. Cyber Ctrl was developed in response to an increasing demand for comprehensive cyber coverage and prevention services, and offers businesses specialist breach preparation and threat monitoring services. Marketed as a policy enhancement to small ... Read the full article
Tokio Marine to acquire US insurer Pure Group for $3bn
3rd October 2019
Tokio Marine Holdings, the largest property and casualty insurance group in Japan, has announced plans to acquire US high net worth insurance specialist Pure Group for $3.1 billion. The acquisition is expected to close by March 2020 and will be completed through Tokio Marine’s subsidiary HCC Insurance Holdings. Tokio Marine's pending acquisition ... 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’s sale of reinsurance units to boost efficiency: Fitch Ratings
12th November 2018
The recent sale of Tokio Marine Holdings’ two European reinsurance subsidiaries is likely to streamline the firm's holdings and boost operational efficiency in the group's underwriting businesses, Fitch Ratings says. Tokio Millennium Re AG and Tokio Millennium Re are both set to be acquired by Bermudian reinsurance company RenaissanceRe following ... Read the full article
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