Tokio Marine

TMK adds Lloyd’s Asia CEO Spyropoulos as new Asia MD

Tokio Marine Kiln (TMK) has appointed Pavlos Spyropoulos as regional managing director for Asia.

Tokio Marine says Greensill fraudulently obtained cover as it declares policies void

Tokio Marine has declared policies it underwrote for Greensill Capital-linked supply chain funds as “void from inception” after determining the cover had been “fraudulently obtained” by the collapsed finance specialist.

TMK 510 posts 88.9% CR and delivers £82.3mn profit for 2021

Tokio Marine Kiln (TMK) Syndicate 510 returned to profitability in 2021 as its combined ratio improved to 88.9 percent, a 24.7 percentage point year-on-year improvement.

Japanese cedants regain ground on QS cedes at 1.4 as XoL rates rise 5%

Earthquake quota shares have come under pressure for reinsurers of the big three Japanese carriers at the 1 April renewals, with some cedants successfully pushing up ceding commission by a point or two, The Insurer understands.

PURE Programs’ Galante: E&S reciprocal exchange to provide important new capacity

The E&S platform unveiled by PURE Insurance’s parent company Privilege Underwriters last week will provide “important, more stable” solutions for members of the high-net-worth (HNW) specialist with challenging exposures by introducing its own new offerings and supporting existing program partners as a quota share reinsurer, The Insurer can reveal.

Sompo Intl 9M surge highlights MS Amlin’s turnaround struggles

The latest figures show the Japanese big three carriers’ international operations are travelling at different speeds.

Tokio Marine 9M results boosted by improved performances at Kiln and HCC

Tokio Marine Kiln (TMK) has seen the combined ratio for its core Lloyd’s business improve to below 90 percent for the first nine months of the financial year.

Tokio Marine joins Seraphim Space in $136mn ICEYE raise

Tokio Marine Holdings was also a participant in the Seraphim Space-led $136mn Series D round for Helsinki-based satellite data provider and natural catastrophe solutions specialist ICEYE, The Insurer can reveal.

10th Circuit latest court to rule in an insurer’s favour in Covid-19 BI appeal

The Tenth Circuit has become the latest US appeals court to uphold an insurer’s win in Covid-19 business interruption litigation, handing a Tokio Marine subsidiary a victory over a non-profit organisation that provides community services and operates retail stores and donation centres in central Oklahoma.

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.

TMK unveils new structure after Chubb aviation raid

Lloyd’s insurer Tokio Marine Kiln has unveiled a new underwriting structure shortly after once again raiding its rival Chubb for senior talent.

Chubb’s Slevin resigns to join TMK in major aviation market move

Chubb’s aviation product head David Slevin has resigned to join Tokio Marine Kiln, The Insurer can reveal.

Credit Suisse readies further Greensill insurance claims following first filing

Credit Suisse has filed its first insurance claim for losses stemming from its $10bn of funds tied to collapsed finance group Greensill Capital and is preparing to file additional claims.

Tokio Marine suffers ransomware attack as incidents continue to rise

Tokio Marine’s Singapore subsidiary has become the latest insurer to suffer a ransomware attack, as the number of incidents targeting the sector continues to rise.

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.

TMK 510 and Hiscox 33 improve syndicate forecasts for 2019 and 2020 YoAs

Two of Lloyd’s largest syndicates have reported improvements to their latest forecasts for the 2019 and 2020 years of account.

Credit Suisse prepares to claim on insurance for Greensill losses: reports

Credit Suisse has prepared its first insurance claims for losses stemming from its $10bn of funds tied to collapsed finance group Greensill Capital, according to reports.

Safety National hires ex-AIG casualty specialist O’Grady

Safety National has hired Tim O’Grady as vice president – underwriting to oversee its large casualty division’s business in the southwest US region and Colorado.

Tokio Marine HCC CR rises to 93.3% as Covid-19 dents 2020 FY profits

Tokio Marine HCC (TMHCC) has reported 15 percent rate increases across the majority of its renewal book for the fiscal year ended 31 March, with the carrier growing its full-year net written premiums by 14 percent to ¥413.5bn ($3.8bn).

Safety National adds public entity specialist Kostro

Safety National has brought in Susan Kostro from Arbella Insurance Group as the Tokio Marine Group subsidiary looks to build out its book of public entity accounts.

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