Tokio Marine

Japanese non-life carriers’ Covid-19 claims to slow: Fitch

Japan’s big three non-life insurance groups are expected to reserve a lower level of Covid-19 claims going forward as the carriers’ overseas subsidiaries tighten their underwriting and narrow policy wordings for event cancellation and business interruption coverage, according to Fitch Ratings.

Tokio Marine to launch Canadian P&C insurer

Tokio Marine Holdings has announced plans to launch a P&C insurance company in Canada which it says could write several hundred million dollars of premium in five years.

Covid-19 costs Tokio Marine ¥30bn across international units in Q2

Tokio Marine HCC’s combined ratio deteriorated by 8.5 percentage points to 96.5 percent during the second quarter of the Japanese financial year, despite a modest reduction in the US specialty insurer’s natural catastrophe losses for the quarter.

TMK names Gallagher’s Ibeson chief people officer

Tokio Marine Kiln (TMK) has appointed Gallagher’s Elisabeth Ibeson as chief people officer.

RMS and Tokio Marine expand partnership

RMS and Tokio Marine have expanded their commercial partnership through a new agreement for the carrier to access the modelling firm’s product suite.

TMK Syndicate 510 receives green light for 15% pre-emption

Tokio Marine Kiln (TMK)’s flagship Lloyd’s Syndicate 510 has received Lloyd’s approval to increase its stamp capacity by 14.94 percent for the 2021 year of account.

TMK leads Lloyd’s parametric BI policy targeting SMEs

Tokio Marine Kiln is leading a new parametric business interruption policy launched through Lloyd’s to target small and medium sized enterprises.

TMK takes step closer to forming $2bn+ mega-syndicate with 510-1880 alignment

The TMK Managing Agency is formally aligning its two largest Lloyd’s Syndicates – 510 and 1880 – so they will write all business on a shared basis in a bid to cut outwards reinsurance/retro costs and attract more business from brokers, The Insurer can reveal.

Tokio Marine reinsurance buying at 1.4 cited in AM Best affirmation

Tokio Marine HCC posts near double-digit premium growth in Q1

Tokio Marine grew net written premiums 1.6 percent year-on-year in its international businesses during the first quarter of its financial year, driven by growth of close to 10 percent at Tokio Marine HCC.

TMK Syndicate 510 loss forecasts rise due to Covid-19 deterioration

Tokio Marine Kiln (TMK) has seen a deterioration of more than three percentage points in its latest forecasts for Syndicate 510 on the back of deterioration in Covid-19 claims estimates.

Gartner slams forum of Tokio Marine Covid-19 event cancellation suit

Gartner has asked a Texas judge to dismiss a lawsuit filed against it by a Tokio Marine HCC unit seeking to cap its event cancellation payouts from Covid-19, arguing that the forum is unfair.

TMK promotes Ryan in claims overhaul

Tokio Marine Kiln (TMK) has named Tobin Ryan as head of claims, following the retirement of Nick Sinfield.

Ark, TMK and Faraday amongst Lloyd’s syndicates imposing SRCC exclusions

Several Lloyd’s syndicates – including those managed by Ark, TMK and Faraday – are imposing exclusions for strike, riot and civil commotion (SRCC) in large scale property coverage, The Insurer can reveal.

Tokio Marine HCC sues Gartner to cap Covid-19 claims at $150mn

A subsidiary of Tokio Marine HCC has filed a lawsuit against Gartner, seeking a declaration that the research and advisory company is not entitled to more than $150mn in event cancellation insurance related to Covid-19.

TMK Syndicate 510 loss forecast extended on Covid-19 exposures for 2019 YoA

Tokio Marine Kiln has extended the loss forecasts for Syndicate 510 to a worst-case scenario loss of £129mn for the 2019 year of account, reflecting the uncertainty surrounding the potential impact of Covid-19.

Tokio Marine pegs Q1 Covid-19 overseas exposure at $346mn

Tokio Marine Holdings has estimated its Covid-19 exposures within its overseas business will total a 37bn yen ($345.7mn) hit to its net income in Q1, with the bulk of this disclosure stemming from its investment portfolio.

TMK names Chubb’s Shaw CUO

Former Chubb president Matthew Shaw has joined Tokio Marine Kiln (TMK) as chief underwriting officer.

Asia-Pacific stocks advance as oil rally builds momentum

Asia-Pacific (re)insurance stocks rose on Thursday with investors buoyed by a rebound in crude oil prices from historic lows and the promise of more US government aid to help the coronavirus-ravaged markets.

Asia-Pacific stocks dip on renewed virus pessimism and historic oil plunge

Asia-Pacific (re)insurance stocks fell on Tuesday on news that North Korean leader Kim Jung-Un is seriously ill, investor pessimism that the easing of countries’ coronavirus-induced lockdowns will take longer than expected and as US crude prices plunged to negative levels overnight.

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