Latest Tokiomarinegroup Headlines
All the headlines from our Tokiomarinegroup Topic Page, ordered by recency.
Insurer Tokio Marine Expects No Material Impact on 2021 Results from Greensill Collapse
Mar 23 2021 // TOKYO – Japanese insurer Tokio Marine Holdings Inc said on Tuesday it currently expects no material impact on its results for the fiscal year starting next month as a result of its exposure to the fallout of Greensill...
Tokio Marine Faces Larger-Than-Expected Exposure to Greensill Capital Meltdown
Mar 19 2021 // Tokio Marine Holdings Inc. is facing a larger-than-expected exposure to the Greensill Capital meltdown after finding that reinsurance contracts intended to limit losses didn’t cover its unit that did the most...
Tokio Marine Examines Validity of Greensill Insurance Policies Provided by Australia Unit
Mar 10 2021 // TOKYO – Japanese insurer Tokio Marine Holdings Inc. said on Wednesday it is investigating the validity of insurance policies provided by its Australian unit to speciality finance firm Greensill. Greensill filed for...
Greensill Downfall Began with Firing of Insurance Manager at Sydney Unit of Tokio Marine
Mar 5 2021 // The debacle that led to the unraveling of Lex Greensill’s trade-finance empire began with the firing of a manager at a Sydney unit of insurance giant Tokio Marine Holdings Inc. last year. After the July 8 dismissal...
PHLY Acquires Staffing Insurance Business from World Wide Specialty Programs
Jan 5 2021 // Philadelphia Insurance Companies (PHLY) has acquired the Staffing Insurance Business offered by World Wide Specialty Programs Inc., based in Melville, N.Y. World Wide will operate as a division of PHLY and assume...
Core Specialty Adds Tokio Marine’s Jacobs to E&O, Professional Liability Team
Dec 28 2020 // Cincinnati-based Core Specialty Insurance Holdings reported that Jeff Jacobs has joined as senior vice president, head of Errors and Omissions Professional Liability. Jacobs has 30 years of insurance sector experience...
Giller Named VP in Tokio Marine HCC’s Cyber, Professional Lines Group in Chicago
Dec 16 2020 // Tokio Marine HCC – Cyber & Professional Lines Group has promoted Ari Giller to vice president of Cyber and Tech Underwriting, responsible for overseeing the West Coast and Midwest underwriting divisions. He is based...
Lloyd’s Launches Biz Interruption Insurance Policy for SMEs, Led by Tokio Marine Kiln
Sep 30 2020 // Lloyd’s has launched a new “first-of-its-kind” business interruption policy for small-and-medium-sized enterprises (SMEs), specifically designed to protect them against IT disruption or...
NHC: Tropical Storm Sally Strengthens to Hurricane
Sep 14 2020 // Update 4:00 pm EST: Louisiana and Mississippi residents were under evacuation orders on Monday as Hurricane Sally churned across the Gulf of Mexico, strengthening to a hurricane ahead of expected landfall on Tuesday, the...
NHC: Tropical Storm Sally Strengthens to Hurricane
Sep 14 2020 // Louisiana and Mississippi residents were under evacuation orders on Monday as former Tropical Storm Sally strengthened to a hurricane status and churned across the Gulf of Mexico, the U.S. National Hurricane Center...
First Insurance Company of Hawaii Launches Admitted Parametric Product
Jul 29 2020 // First Insurance Company of Hawaii (FICOH) has launched a parametric product for Hawaii homeowners and renters. The FirstTrack product provides coverage for expenses that fall below most hurricane policy deductibles,...
Harkins Retiring as Reinsurance Leader at Safety National Re; King Named Successor
Jul 7 2020 // Ray Harkins will retire as executive vice president and chief underwriting officer, Reinsurance, at St. Louis, Missouri-based Safety National Re. Bob King has been tapped to succeed him as senior vice president and chief...
Tokio Marine Uses Tractable’s Artificial Intelligence Solution for Auto Claims in Japan
May 11 2020 // Tokio Marine, the Tokyo-based property and casualty insurer, will use an artificial intelligence (AI) solution to process auto damage across its insurance operations in Japan, accelerating claims processing for...
Tokio Marine HCC Names Khoury Vice President of Marketing in California
May 8 2020 // Tokio Marine HCC’s cyber and professional lines named Desiree Khoury vice president of marketing and business development. Khoury is based in Encino, Calif. and reports to David Lloyd, the group’s chief...
Tokio Marine Kiln Taps Chubb’s Shaw as Chief Underwriting Officer
May 4 2020 // Tokio Marine Kiln (TMK) has appointed Matthew Shaw as chief underwriting officer. Shaw joins from Chubb where he was most recently divisional president of global markets. Shaw joined Ace (latterly Chubb) in 2002 having...
Tokio Marine HCC in Houston Names AIG’s Pastor Chief Actuary
Apr 16 2020 // Tokio Marine HCC has appointed Nick Pastor as senior vice president and chief actuary. Based in Houston, Pastor reports to Tom Weist, Tokio Marine HCC’s co-chief financial officer. Pastor has more than 25 years of...
Safety National Casualty Promotes 4 in Senior Management Roles
Mar 6 2020 // Safety National Casualty Corp., a specialty insurance and reinsurance provider headquartered in St. Louis, Missouri, has promoted four executives on its leadership team. Steve Divine, the current senior vice president –...
Tokio Marine HCC to Buy MGA GCube, Renewable Energy Specialist
Mar 5 2020 // Tokio Marine HCC has agreed to snatch up GCube, a managing general agent with a focus on renewable energy risks. The deal is expected to close in the 2020 second quarter, pending the usual regulatory approval process and...
Business Moves
Feb 24 2020 // National Tokio Marine, Pure Group Tokio Marine Holdings has completed the acquisition of Privilege Underwriters Inc. and its subsidiaries, known as Pure Group. The deal was announced last October. The acquisition price...
Tokio Marine Kiln Adds Pritchard to Special Risks Team
Feb 10 2020 // Specialist insurer Tokio Marine Kiln has appointed Charlotte Pritchard as an underwriter within its Special Risks team. Pritchard will focus on all aspects of special risks, including political violence and accelerating...
