Tokio Marine
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Combined ratios have improved as prices rise and investments return to profit.
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The carrier is partnering with Munich Re Syndicate and Tokio Marine HCC.
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The companies account for ~70% of GHG emissions in its portfolio.
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Vivek Syal will become CUO of Tokio Marine Kiln in April.
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ERS 218 reported a 3.4% return on its £48mn capacity.
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The firm has laid out five reforms to hold itself, and its subsidiaries, accountable.
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Irick moves into a group role, with current CUO Shaw stepping up.
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The carrier also benefited from strong underwriting and investment results.
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Scor’s Nicola Hannay has been appointed head of power generation.
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The marine market has had several new MGAs launch into the sector.
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The transition is expected to be completed shortly after Q1 2024.
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