Tokio Marine HCC

Tokio Marine international growth driven by North American expansion

Tokio Marine’s US operations drove premium growth within the Japanese insurer’s international operations during the quarter ended 30 June, boosted by continued improvements to the pricing environment.

TMHCC adds to US cyber capabilities with risk management hires

Tokio Marine HCC has built out its capabilities in the cyber risk sector with the hires of Richard Savage and Alex Bovicelli as the carrier looks to enhance its offerings in the fast-growing and rapidly evolving market.

Tokio Marine HCC adds Faubert to target EEA credit and political risk growth

Tokio Marine HCC has added Benjamin Faubert as a senior underwriter within its European credit and political risk team.

Tokio Marine HCC profits rise on back of 15% rate increases in Q1

Profits at Tokio Marine HCC rose 53 percent to ¥13.3bn ($121.2mn) during the three-month period ended 30 June on the back of average rate increases of 15 percent at renewals.

Tokio Marine HCC strengthens London professional risks team with triple hire

Tokio Marine HCC has expanded its professional risks team with a trio of London appointments.

Tokio Marine HCC stop loss chair Strusz retires with Ritchie named CEO

Tokio Marine HCC’s long-serving Daniel Strusz has retired from his role as chairman for the carrier’s stop loss platform while the unit’s president Jay Ritchie has been promoted to CEO.

Tokio Marine HCC committed to international contingency market despite recent turbulence

Tokio Marine HCC has reaffirmed its commitment to the international contingency market and tasked Neil Paddon with leading its London market and Europe platform with the carrier offering “refreshed” limits of €50mn ($61mn) for event cancellation.

Tokio Marine HCC’s Brock to retire with Weist appointed sole CFO

Tokio Marine HCC’s long-serving executive vice president Sharon Brock will retire from the company at the beginning of next month with her fellow co-CFO Thomas Weist set to take sole responsibility for the position.

Tokio Marine HCC names Lloyd’s Burke as CIO

Tokio Marine HCC International has appointed Lloyd’s interim chief technology officer Des Burke as chief information officer.

Tokio Marine 9M profits halve as international unit bears brunt of $664mn Covid charge

Japanese carrier Tokio Marine has reported consolidated net income of 112.7bn yen ($1.08bn) for its fiscal nine-month period – down 50.3 percent year on year – as the impact of Covid-19 on the group reached 69.4bn yen ($663.7mn) during the reporting period.

Core Specialty names Jacobs head of E&O

Rebooted US insurer Core Specialty has taken Jeff Jacobs from Tokio Marine HCC to head up errors and omissions (E&O) professional liability as senior vice president.

Tokio Marine HCC promotes Giller to lead cyber and tech underwriting team

Tokio Marine HCC has promoted the long-serving Ari Giller to lead its cyber and tech underwriting team with the executive also being appointed vice president.

Covid-19 costs Tokio Marine ¥30bn across international units in Q2

Tokio Marine HCC’s combined ratio deteriorated by 8.5 percentage points to 96.5 percent during the second quarter of the Japanese financial year, despite a modest reduction in the US specialty insurer’s natural catastrophe losses for the quarter.

Tokio Marine HCC adds four Axis alumni to delegated property team

Tokio Marine HCC has continued to build out its delegated property team with four former Axis hires set to join the team.

Texas judge denies Gartner bid to move Tokio Marine Covid-19 suit to New York

A Texas federal judge has rejected Gartner’s bid to transfer a suit filed by Tokio Marine unit US Specialty Insurance Co (USSIC) to New York.

Tokio Marine HCC posts near double-digit premium growth in Q1

Tokio Marine grew net written premiums 1.6 percent year-on-year in its international businesses during the first quarter of its financial year, driven by growth of close to 10 percent at Tokio Marine HCC.

CICA gets event cancellation payout from Tokio Marine HCC

The Captive Insurance Companies Association (CICA) has settled its Covid-19 event cancellation insurance claim with Tokio Marine HCC for its international conference, with the association revealing it only started buying such cover last year.

Gartner slams forum of Tokio Marine Covid-19 event cancellation suit

Gartner has asked a Texas judge to dismiss a lawsuit filed against it by a Tokio Marine HCC unit seeking to cap its event cancellation payouts from Covid-19, arguing that the forum is unfair.

Tokio Marine HCC reshuffles trade credit leadership team

Tokio Marine HCC has promoted Mark Reynolds to chairman and Jerome Swinscoe as president of its dedicated credit group.

Tokio Marine HCC completes acquisition of renewable energy MGA GCube

Tokio Marine HCC has completed its acquisition of GCube with the renewable energy managing general agent (MGA) now looking to take full advantage of its Japanese parent’s global footprint to grow outside of its established markets.

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