Tokio Marine
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The construction book will be absorbed into Intact Specialty, with the carrier providing the paper for the newly purchased book. -
The appointment comes after head of marine property and war Richard Tomlin exited the carrier in March.
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Plus the lowdown on the potential Howden-TigerRisk tie-up and all the top news of the week.
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The segment recovered after Covid-19 impacts and remedial work at Tokio Marine Kiln.
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He replaces Alex Dugand, who is returning to London to work as international development officer for the company.
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The withdrawal of insurance coverage provided by subsidiary The Bond & Credit Co was linked to the collapse of the supply-chain finance firm.
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Lisa Leahy will be reunited with former colleague and TMK’s divisional head of aviation, James Walker, in her new role.
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The Lloyd’s business is drawing on TMHCC to advise on the future of its reinsurance book.
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The insurer has split its existing team in two, creating dedicated teams for TRI in North America and across Europe, Asia and the Pacific.
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The international segment booked 47bn yen in cat losses including Ida and Uri.
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In the past year, criminals held more than $600mn in ransom, stole millions of citizen records, compromised a billion airline-passenger details and threatened the IT operations of 40,000 businesses.
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Convex was one of the carriers to enter the contingency market following the major Covid-19 loss event.
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