Tokio Marine
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The carrier was impacted by Covid-19 in Taiwan and Japan, as well as natural catastrophes.
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Vanesa Herrero will step into the CEO role following the departure of Christian Kanu.
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The European and North American units booked profits for the period, while the Asia and Oceania segment registered a heavy loss.
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Intact financed the acquisition of the US builders risk portfolio through a $188mn term loan that was repaid before quarter-end, according to its Q3 statements.
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Steven Farr has worked at Axa XL since 2007, then the Catlin business, holding a string of increasingly senior energy underwriting positions.
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Kirsten Shastri will help Tokio Marine Kiln to build out its life sciences book of business as it looks to expand in the sector.
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The storm is not expected to be a threat to the order of Jebi or Hagibis.
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The former reinsurance leader’s exit from treaty highlights wider pressures on the market.
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Underwriters in both London and Singapore are in discussions with the company.
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TMHCC increased profit by 48% but the European segment recorded a loss due to a provision for losses from the Ukraine conflict.
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The incoming non-executive director was previously managing director of QBE Europe’s French branch.
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The renewables insurer has also promoted Josh Shimali to the position of head of onshore underwriting.
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