Tokio Marine

TMK deploys Metromile AI for claims on $13bn auto book

Tokio Marine Kiln (TMK) has licensed US carrier Metromile’s proprietary artificial intelligence (AI) claims handling platform across its $13bn auto insurance book.

Tokio closes Pure deal, S&P lowers HCC operating units’ ratings

S&P Global Ratings has lowered the ratings of HCC’s operating companies to match those of Japanese parent Tokio Marine following the completion of the acquisition of high net worth (HNW) specialist Privilege Underwriters and its subsidiaries, known collectively as Pure Group.

AIG and Tokio attempt to steer clear of $23mn Hertz payout

Hertz’s D&O insurers have asked a New York court to rule that the car rental company is not entitled to an insurance payout related to a settlement with the US Securities and Exchange Commission.

Tokio Marine to sell its 3.9% RenRe stake

RenaissanceRe has announced a secondary offering of 1,739,071 of shares owned by Tokio Marine & Nichido Fire Insurance that were part of the consideration when the Bermudian bought Tokio Millennium Re (TMR) from the Japanese giant last year.

TMH confirms outgoing TMK CEO Franks’ adviser role

Tokio Marine Holdings has confirmed Charles Franks will take on the role of adviser from 1 January 2020, after he steps down as group CEO of Tokio Marine Kiln, including its Lloyd’s syndicates.

RHB Insurance sale talks halted

Malaysia’s fourth largest lender, RHB Bank, has called off talks to sell up to 94.7 percent of its shares in RHB Insurance to Tokio Marine Asia (TMA), a unit of Japan’s Tokio Marine Holdings

Cooper Gay France acquires TMK Europe

Cooper Gay France (CGF), the only Ed Broking arm to retain its predecessor brand, has agreed to acquire Tokio Marine Kiln Europe, TMK’s Belgium-headquartered service company.

Tokio Marine Holdings international profit up 1.6% in H1

Q2 international business profit up 1.6 percent TMHCC profit down 3.4 percent European operation’s earnings fell by 39.2 percent Estimated full year cat losses of 207.0bn yen ($1.9bn)

Shaw to be Tokio Marine Kiln CUO

Matthew Shaw, most recently divisional president of global markets at Chubb, is to join Tokio Marine Kiln as CUO.

Sexual harassment whistleblower sues TMK: report

An in-house solicitor at Tokio Marine Kiln who blew the whistle on alleged sexual harassment and other inappropriate behaviour is suing the Lloyd’s insurer for labels of mental instability and financial motivation, after an April complaint about the firm’s culture of bullying and discrimination.

TMK syndicates’ 2017 loss ranges narrow

Tokio Marine Kiln has released reduced loss forecasts for syndicates 510 and 557 for the 2017 financial year, based on positive back-year releases for closed years of account.

Hagibis may push Japan’s big 3 beyond cat loss budgets: AM Best

The strong reinsurance programmes of Japan’s biggest three insurers mean they are not likely to report an overall loss for the current fiscal year despite large typhoon losses exceeding catastrophe loss budgets, AM Best believes.

TMK names Woulfe head of IP

Tokio Marine Kiln has promoted Aoife Woulfe to the newly created role of head of intellectual property (IP).

Tokio Marine set to take over US Pure Group in $3.1bn deal

Japanese (re)insurance giant Tokio Marine is set to buy US carrier Privilege Underwriters, known as Pure Group, from investors led by Stone Point Capital and KKR for $3.1bn.

Franks steps down as TMK CEO, hands reins to Irick

Tokio Marine Kiln’s CEO Charles Franks is stepping down as CEO, handing the reins to current deputy chief executive officer Brad Irick from 1 January 2020.

Tokio Marine international Q1 top line takes advantage of firming market

Japanese giant Tokio Marine Holdings saw its overall international book – which includes Tokio Marine HCC and Tokio Marine Kiln – grow its top line by 10.4 percent to 439.5bn yen ($4.15bn) during Q1 2019 compared to the prior year period, as it took advantage of rate increases in both North American and international business.

TMK syndicate forecasts improve

Tokio Marine Kiln has unveiled reduced loss forecasts for its syndicates 510 and 557 for the 2017 and 2018 years of account, as it reported that the non-aligned syndicates’ catastrophe reserving positions improved during the first half of 2019.

TMHCC continues surety expansion with Mexico launch

Tokio Marine HCC has launched a subsidiary in Mexico to generate local surety business, as the group looks to expand its international footprint.

London A&H market not expecting Bahamas crash claims

The wounded and recuperating London accident & health (A&H) market is not expecting significant claims as a result of the recent tragic death of American coal billionaire and philanthropist Chris Cline, The Insurer understands.

Tokio Marine Kiln will lose £165mn premium income as a result of UK run-off

The decision by Tokio Marine Kiln (TMK) to place its UK insurance company, Tokio Marine Kiln Insurance, (TMKI) into run-off will take away a potential annual premium pot of £165mn, The Insurer understands.

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