Tokio Marine

The Ryan Specialty renewables MGA launched an international arm last year.

High capacity is adding to competition in the upstream energy space.

New sources of capacity lack the expertise to service rapidly developing clients.

New capacity continues to flow into the hull market, despite rating pressure.

The LPPC will offer limits of $127.5mn EAR and DSU coverage in the US and Canada.

Tokio Marine HCC was below plan on income as the carrier prioritised bottom line.

Lucy Fraser has held roles at the ABI, and the City of London Corporation.

Tokio Marine GX was launched in May to offer coverage for companies looking to decarbonise.

TMGX is designed to help insure the green transition.

The Japanese carrier noted the impact of increasing natural disasters.

The market is also facing potential losses from injuries to NFL stars.

Barry Cook has led THMCCI for over 20 years, one of the longest CEO tenures in London.

Delaney has spent the last 14 years at TMK.

Chris Jones, Will Shepherd-Barron and David Clark will join the start-up.

The product supports investors of early-stage carbon removal projects.

The hire follows Camilla Gower’s promotion to marine and energy liability head.

Camilla Gower joined TMHCCI in 2020 from StarStone.

Returns on capacity reduced, forecast at 4.4%-14.4%, have settled at 4.6%.

The group reported strong underwriting results in all major overseas P&C segments.

Stuart Heath will retain his current role of head of delegated property.

Parker headed up the special risks division.

In its latest report, the carrier cites the top 10 cyber incidents of 2024.

The reshuffle follows the departure of board chair Tsuyoshi Nagano.

Amwins is working to build out its London underwriting business.

The international segment’s net written premium grew 15.8%.

A significant amount of new capacity has flowed into the political violence and terror market in recent months.

TMK CUO Matthew Shaw has also been elevated to CEO.

The vehicle provides coverage for non-physical damage BI.

Phil Taylor joins from Everest Re, where he was global head of specialty reinsurance.

The malicious cyber-event coverage is an extension to the carrier’s cancellation product.

The executive said losses in the Middle East had “sent shockwaves” through the market.

Plus the latest people moves and all the top news of the week.

Improved underwriting and investment results lifted the group’s international performance.

The growing scale of projects is contributing to the need for more capacity.

A roundup of all the news you need today, including Mosaic’s restructure to drive agency growth.

The new product will be led by head of special risks Ed Parker.

Regulators are mulling reforms that could open the door to international independent brokers.

Arch, Axa XL, Beazley, Chubb, Hiscox, Howden, MS Amlin and TMK are participating.

This publication reported in April that Alexandra Barnes had resigned from Beazley.

He brings more than 15 years of insurance experience.

The unit booked rate increases and the reversal of Ukraine and Covid-19 losses.

The carrier also confirmed the appointment of Ian Davidson as senior underwriter.

Breese has been promoted to underwriting director to lead the team.

Combined ratios have improved as prices rise and investments return to profit.

The carrier is partnering with Munich Re Syndicate and Tokio Marine HCC.

The companies account for ~70% of GHG emissions in its portfolio.

Vivek Syal will become CUO of Tokio Marine Kiln in April.

Insurance Insider editor in chief Catrin Shi helps unpack Lloyd’s preliminary 2023 results, and offers her perspective on Aviva’s acquisition of Probitas.

ERS 218 reported a 3.4% return on its £48mn capacity.

The firm has laid out five reforms to hold itself, and its subsidiaries, accountable.

Irick moves into a group role, with current CUO Shaw stepping up.

The carrier also benefited from strong underwriting and investment results.

Scor’s Nicola Hannay has been appointed head of power generation.

The marine market has had several new MGAs launch into the sector.

The transition is expected to be completed shortly after Q1 2024.

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.

The carrier has made numerous energy and power appointments in recent months.

The global segment leader for power generation moves to Tokio Marine HCC soon after his colleague Nicola Hannay.

Finance minister describes the activity as “widespread, repeated and continuous”.

Robert O’Leary, managing executive officer at Tokio Marine Holdings, has resigned from the company.

Tokio Marine HCC restructured its marine, energy and renewables division earlier this year.

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.

The carrier’s overseas unit benefited from improved underwriting and the reversal of Taiwanese Covid-19 impacts.

Carr has spent over 20 years in the market, holding several leadership positions at Tokio Marine HCC, Axis and others.

Leahy joins the carrier after just over a year at TMK as divisional head of airline.

Ellen White, underwriter on the product recall team, is due to succeed Michael Crabtree following his departure.

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.

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.  

The carrier is one of a number of small firms with heavy concentration in Hawaii.

The carrier reported increased premiums of 658.7bn yen for its non-life segment.

Japan’s Financial Services Agency has ordered an investigation into the carriers’ practices.

Carr also works as the chair of the Lloyd’s Market Association Joint Liability Committee.

Sources said the Japanese insurer will pull back from the California personal auto market in June 2025 as it is set to exit the state’s admitted personal lines market on June 1, 2026.

The firm has also appointed Moore and Bye as cyber underwriters in London and Singapore.

Plus all the latest executive moves and the top news from the week.

Tokio Marine has told cedants that it will discontinue its aviation retro book as the effects of the mammoth Boeing loss continue to ripple through the market, this publication can reveal.

The division, which previously was a part of TMK’s specialty unit, will consist of cyber, technology and intellectual property specialisms.

A string of insurers has abandoned the alliance after Munich Re announced its departure at the end of March.

The international segment booked a 105bn yen Taiwanese Covid loss, offset by strong growth in North America.

Ben Kinder, the recently appointed CUO of marine, energy and renewables, will lead the consolidated team.

Larger wind turbines are driving up the cost of claims in the renewables sector.

Lessor WWTAI is also pursuing the claim via clause AVN67B, naming the Russian insurers of the airlines in possession of its aircraft.

The underwriting head joined RJ Kiln in 2001.

Karen Crowley joins from Atradius and Arwel Roberts from Coface.