Tokio Marine
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The Ryan Specialty renewables MGA launched an international arm last year. -
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%.
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The group reported strong underwriting results in all major overseas P&C segments.
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Stuart Heath will retain his current role of head of delegated property.
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Parker headed up the special risks division.
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In its latest report, the carrier cites the top 10 cyber incidents of 2024.
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The reshuffle follows the departure of board chair Tsuyoshi Nagano.
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Amwins is working to build out its London underwriting business.
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The international segment’s net written premium grew 15.8%.
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A significant amount of new capacity has flowed into the political violence and terror market in recent months.
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TMK CUO Matthew Shaw has also been elevated to CEO.
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The vehicle provides coverage for non-physical damage BI.
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Phil Taylor joins from Everest Re, where he was global head of specialty reinsurance.
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The malicious cyber-event coverage is an extension to the carrier’s cancellation product.
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The executive said losses in the Middle East had “sent shockwaves” through the market.
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Plus the latest people moves and all the top news of the week.
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Improved underwriting and investment results lifted the group’s international performance.
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The growing scale of projects is contributing to the need for more capacity.
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A roundup of all the news you need today, including Mosaic’s restructure to drive agency growth.
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The new product will be led by head of special risks Ed Parker.
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Regulators are mulling reforms that could open the door to international independent brokers.
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Arch, Axa XL, Beazley, Chubb, Hiscox, Howden, MS Amlin and TMK are participating.
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This publication reported in April that Alexandra Barnes had resigned from Beazley.
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He brings more than 15 years of insurance experience.
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The unit booked rate increases and the reversal of Ukraine and Covid-19 losses.
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The carrier also confirmed the appointment of Ian Davidson as senior underwriter.
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Breese has been promoted to underwriting director to lead the team.
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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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Insurance Insider editor in chief Catrin Shi helps unpack Lloyd’s preliminary 2023 results, and offers her perspective on Aviva’s acquisition of Probitas.
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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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The resignations will see Russ and Davidson reunited with fellow Axa XL alumnus Mark Hutton, who joined Tokio Marine HCC as head of crisis management last year.
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The carrier has made numerous energy and power appointments in recent months.
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The global segment leader for power generation moves to Tokio Marine HCC soon after his colleague Nicola Hannay.
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Finance minister describes the activity as “widespread, repeated and continuous”.
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Robert O’Leary, managing executive officer at Tokio Marine Holdings, has resigned from the company.
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Tokio Marine HCC restructured its marine, energy and renewables division earlier this year.
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It is understood that Hutton has resigned from his previous role as global product head of product recall at Axa XL after six years with the carrier.
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The carrier’s overseas unit benefited from improved underwriting and the reversal of Taiwanese Covid-19 impacts.
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Carr has spent over 20 years in the market, holding several leadership positions at Tokio Marine HCC, Axis and others.
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Leahy joins the carrier after just over a year at TMK as divisional head of airline.
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Ellen White, underwriter on the product recall team, is due to succeed Michael Crabtree following his departure.
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Insurance Insider has compiled a bite-sized wrap-up of the exclusive news stories and CEO interviews from this year's Monte Carlo Rendez-Vous.
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Former Tokio Marine Kiln (TMK) reinsurance heads Will Curran and David Huckstepp are testing the water for an underwriting start-up, this publication can reveal.
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The carrier is one of a number of small firms with heavy concentration in Hawaii.
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The carrier reported increased premiums of 658.7bn yen for its non-life segment.
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Japan’s Financial Services Agency has ordered an investigation into the carriers’ practices.
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Carr also works as the chair of the Lloyd’s Market Association Joint Liability Committee.
