Tokio Marine international profit climbs 30%; reinsurance returns to blackJapanese giant Tokio Marine Holdings has reported a 30 percent boost in profit within its international business arm – which includes Tokio Marine HCC, Tokio Marine Kiln and the carrier’s reinsurance operation – to 187.8bn yen ($1.7bn) for the 12 months ending 31 March 2019.
Tokio Marine exits US bond business, buys Australian bond agencySpecialty insurer Tokio Marine HCC has sold its bail bond operations to an undisclosed buyer as it exits the business in the US.
TMK names Curran head of reinsurance as Huckstepp exitsTokio Marine Kiln has appointed Will Curran head of reinsurance as David Huckstepp leaves the carrier for a “planned break from the sector”.
Tokio Marine HCC buys cyber specialist NASTokio Marine HCC has bought NAS Insurance Services, the California-based cyber and professional liability specialist underwriter it has worked with since 1975.
Specialty market in transition as carriers retrench: Tokio Marine HCC’s RiveraThe specialty insurance market is in transition as carriers shift to more conservative underwriting by reducing limits and tightening terms, according to Tokio Marine HCC CEO Susan Rivera.
Tokio Marine HCC names Schell president as Burke steps downTokio Marine HCC has named Michael Schell as president replacing William Burke who is retiring.
Tokio Marine’s European and reinsurance units return to blackJapanese giant Tokio Marine’s reinsurance and European businesses both returned to a profit in the first nine months of 2018.
Beazley-backed Digital Risks gains Lloyd’s coverholder statusUK-based insurtech start-up Digital Risks has achieved Lloyd’s coverholder status, enabling it to cover more specialist risks and insure UK businesses that trade internationally.
Marine market ‘remains in state of flux’: JLTThe marine market in London – and the Lloyd’s marine market in particular - remains in “a state of flux”, according to broking house JLT.
Rivera replaces Williams as Tokio Marine HCC CEOThe CEO of Tokio Marine HCC Christopher Williams is to step down from the helm of the carrier in September to be succeeded by Susan Rivera.
Tokio Marine HCC taps Chubb for European head of suretyTokio Marine HCC has appointed Luc Reuter head of surety for Continental Europe as the carrier looks to expand its operations on the continent.
Tokio Marine HCC restructures leadership teamTokio Marine HCC has made a number of changes to the management team of its specialty operations globally.
Axis’ marine head jumps ship for Tokio Marine HCCDarren Carr, the unit head of marine at Axis, has left the carrier for Tokio Marine HCC, re-Insurance.com can reveal.