Tokio Marine
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Plus, the latest people moves and all the top news of the week.
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The carrier is currently focused on ~$1bn bolt-on acquisitions.
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The international segment’s net written premium contracted 5%.
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Volt was launched in October 2024 to support clients through the energy transition.
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The Ryan Specialty renewables MGA launched an international arm last year.
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High capacity is adding to competition in the upstream energy space.
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New sources of capacity lack the expertise to service rapidly developing clients.
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New capacity continues to flow into the hull market, despite rating pressure.
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The LPPC will offer limits of $127.5mn EAR and DSU coverage in the US and Canada.
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Tokio Marine HCC was below plan on income as the carrier prioritised bottom line.
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Lucy Fraser has held roles at the ABI, and the City of London Corporation.
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Tokio Marine GX was launched in May to offer coverage for companies looking to decarbonise.
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TMGX is designed to help insure the green transition.
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The Japanese carrier noted the impact of increasing natural disasters.
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The market is also facing potential losses from injuries to NFL stars.
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Barry Cook has led THMCCI for over 20 years, one of the longest CEO tenures in London.
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Delaney has spent the last 14 years at TMK.
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Chris Jones, Will Shepherd-Barron and David Clark will join the start-up.
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The product supports investors of early-stage carbon removal projects.
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The hire follows Camilla Gower’s promotion to marine and energy liability head.
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Camilla Gower joined TMHCCI in 2020 from StarStone.
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Returns on capacity reduced, forecast at 4.4%-14.4%, have settled at 4.6%.