All Tokio Marine articles

  • 1.4 Japan renewal preview
    News

    Payback expectation to test relationship-driven Japanese renewal

    2020-02-19T14:11:00Z

    All parties in the Japanese wind renewal are working to address a significant mismatch between the 50-80 percent rate increases reinsurers have been initially seeking from cedants that are unlikely to countenance paying 50+ percent more for cover at 1 April.

  • Tokio Marin results
    News

    TMHCC sees North American A&H book shrink in Q3

    2020-02-14T10:25:00Z

    Tokio Marine Holdings’ speciality subsidiary Tokio Marine HCC (TMHCC) saw a decline in North American net earned premium of 2.6 percent to 277.1bn yen ($2.5bn) in the third quarter of 2019, mainly driven by a shrinkage of its accident health (A H) book.

  • Tokio Marine Kiln – Lloyd's
    News

    TMK Syndicate 510 and 557 losses narrow for 2017 YoA

    2020-02-13T12:46:00Z

    Tokio Marine Kiln has reduced loss forecasts for syndicates 510 and 557, which are expected to post losses of £26mn and £4.7mn respectively for the 2017 financial year, driven by positive back-year releases for the closed years of account.

  • Metromile and TMK
    News

    TMK deploys Metromile AI for claims on $13bn auto book

    2020-02-12T16:30:00Z

    Tokio Marine Kiln (TMK) has licensed US carrier Metromile’s proprietary artificial intelligence (AI) claims handling platform across its $13bn auto insurance book.

  • Tokio Marine and Pure
    News

    Tokio closes Pure deal, S&P lowers HCC operating units’ ratings

    2020-02-10T19:06:00Z

    S P Global Ratings has lowered the ratings of HCC’s operating companies to match those of Japanese parent Tokio Marine following the completion of the acquisition of high net worth (HNW) specialist Privilege Underwriters and its subsidiaries, known collectively as Pure Group.

  • Hertz, Tokio Marine and AIG
    News

    AIG and Tokio attempt to steer clear of $23mn Hertz payout

    2020-01-14T22:32:00Z

    Hertz’s D O insurers have asked a New York court to rule that the car rental company is not entitled to an insurance payout related to a settlement with the US Securities and Exchange Commission.

  • Kevin O'donnell –RenRe and TMR
    News

    Tokio Marine to sell its 3.9% RenRe stake

    2020-01-06T23:03:00Z

    RenaissanceRe has announced a secondary offering of 1,739,071 of shares owned by Tokio Marine Nichido Fire Insurance that were part of the consideration when the Bermudian bought Tokio Millennium Re (TMR) from the Japanese giant last year.

  • Charles Franks – Tokio Marine Kiln
    News

    TMH confirms outgoing TMK CEO Franks’ adviser role

    2019-12-27T15:52:00Z

    Tokio Marine Holdings has confirmed Charles Franks will take on the role of adviser from 1 January 2020, after he steps down as group CEO of Tokio Marine Kiln, including its Lloyd’s syndicates.

  • TMK and RHB
    News

    RHB Insurance sale talks halted

    2019-12-12T08:18:00Z

    Malaysia’s fourth largest lender, RHB Bank, has called off talks to sell up to 94.7 percent of its shares in RHB Insurance to Tokio Marine Asia (TMA), a unit of Japan’s Tokio Marine Holdings

  • Paris – Eiffel tower
    News

    Cooper Gay France acquires TMK Europe

    2019-11-29T08:16:00Z

    Cooper Gay France (CGF), the only Ed Broking arm to retain its predecessor brand, has agreed to acquire Tokio Marine Kiln Europe, TMK’s Belgium-headquartered service company.

  • Tokio Marine H1 results
    News

    Tokio Marine Holdings international profit up 1.6% in H1

    2019-11-19T10:21:00Z

    Q2 international business profit up 1.6 percent TMHCC profit down 3.4 percent European operation’s earnings fell by 39.2 percent Estimated full year cat losses of 207.0bn yen ($1.9bn)

  • Matthew Shaw – Tonkio Marine Kiln
    News

    Shaw to be Tokio Marine Kiln CUO

    2019-11-14T15:26:00Z

    Matthew Shaw, most recently divisional president of global markets at Chubb, is to join Tokio Marine Kiln as CUO.

  • Tokio Marine Kiln – Lloyd's
    News

    Sexual harassment whistleblower sues TMK: report

    2019-11-13T12:23:00Z

    An in-house solicitor at Tokio Marine Kiln who blew the whistle on alleged sexual harassment and other inappropriate behaviour is suing the Lloyd’s insurer for labels of mental instability and financial motivation, after an April complaint about the firm’s culture of bullying and discrimination.

  • Tokio Marine Kiln – Lloyd's
    News

    TMK syndicates’ 2017 loss ranges narrow

    2019-11-08T11:54:00Z

    Tokio Marine Kiln has released reduced loss forecasts for syndicates 510 and 557 for the 2017 financial year, based on positive back-year releases for closed years of account.  

  • Typhoon Faxai credit NOAA
    News

    Hagibis may push Japan’s big 3 beyond cat loss budgets: AM Best

    2019-10-17T17:19:00Z

    The strong reinsurance programmes of Japan’s biggest three insurers mean they are not likely to report an overall loss for the current fiscal year despite large typhoon losses exceeding catastrophe loss budgets, AM Best believes.

  • Aoife Woulfe - TMK
    News

    TMK names Woulfe head of IP

    2019-10-07T10:02:00Z

    Tokio Marine Kiln has promoted Aoife Woulfe to the newly created role of head of intellectual property (IP).

  • Tokio Marine and Pure
    News

    Tokio Marine set to take over US Pure Group in $3.1bn deal

    2019-10-03T09:28:00Z

    Japanese (re)insurance giant Tokio Marine is set to buy US carrier Privilege Underwriters, known as Pure Group, from investors led by Stone Point Capital and KKR for $3.1bn.

  • Charles Franks – Tokio Marine Kiln
    News

    Franks steps down as TMK CEO, hands reins to Irick

    2019-09-13T10:16:00Z

    Tokio Marine Kiln’s CEO Charles Franks is stepping down as CEO, handing the reins to current deputy chief executive officer Brad Irick from 1 January 2020.

  • Tokio Marine Q1 results
    News

    Tokio Marine international Q1 top line takes advantage of firming market

    2019-08-09T09:47:00Z

    Japanese giant Tokio Marine Holdings saw its overall international book – which includes Tokio Marine HCC and Tokio Marine Kiln – grow its top line by 10.4 percent to 439.5bn yen ($4.15bn) during Q1 2019 compared to the prior year period, as it took advantage of rate increases in both ...

  • Charles Franks – Tokio Marine Kiln
    News

    TMK syndicate forecasts improve

    2019-08-08T11:49:00Z

    Tokio Marine Kiln has unveiled reduced loss forecasts for its syndicates 510 and 557 for the 2017 and 2018 years of account, as it reported that the non-aligned syndicates’ catastrophe reserving positions improved during the first half of 2019.