Tokio Marine

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.

Will Green will report to head of aviation David Slevin, as well as Lisa Leahy, head of airlines, and Graham Oddie, head of general aviation and aerospace.

As Adidas terminated its partnership with Kanye West following his antisemitic tweets, it projected a loss that signalled why insurers should be pushing the need for brand reputation insurance.

TMK already writes a book of specialist regional cargo business out of Singapore, and backs cargo MGA Loadsure.