Tokio Marine
-
A roundup of today’s need-to-know news, including leadership changes at Chubb.
-
MGAs outpaced the P&C industry for years, but growth has begun to stagnate.
-
TMHCC said the appointments underline its "commitment to innovation, market expansion and customer service".
-
Tokio Marine's international co-head Williams is handing the role to TMK CEO Irick.
-
Sources said that TMA ran a profitable book in California that included personal auto and homeowners’ policies.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
The carrier is one of a number of small firms with heavy concentration in Hawaii.
-
Farmers Insurance becomes the latest major national carrier to pump the brakes in California, limiting new business to only 7,000 policies per month, signaling further problems in the state’s homeowners’ market.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
Sources said the Japanese insurer will pull back from the California personal auto market in June 2025 as it is set to exit the state’s admitted personal lines market on June 1, 2026.
-
In addition to the role, Glomb will continue to serve as CEO at PHLY and Tokio Marine North America Services.
-
The move fits the broader strategy around dampening volatility, but sourcing capacity in the US domestic market will be tough.
-
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.
-
If current forecasts prove accurate, this will be a pivotal moment for the already off-balance Florida cohort and could result in a new market landscape.
-
The storm is not expected to be a threat to the order of Jebi or Hagibis.
-
Kellom most recently served as president of the public entities group at Intact Insurance Specialty Solutions.
-
Tokio Marine Highland (TMH) has promoted Linda Long to chief administrative officer, Eric Wurmser to COO and Kelly Cretti to specialty property division president.
-
The executive joined the Tokio Marine Kiln-owned MGA in 1995 and helped build the firm’s flood insurance division.
-
The construction book will be absorbed into Intact Specialty, with the carrier providing the paper for the newly purchased book.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
Tokio Marine has committed $42mn to the initial fund with plans to deploy more capital into subsequent fund cycles.
-
In the past year, criminals held more than $600mn in ransom, stole millions of citizen records, compromised a billion airline-passenger details and threatened the IT operations of 40,000 businesses.
-
Industry veteran Rick Girden runs the construction portfolio, which is projected to grow to $200mn this year.
-
Commercial lines loss ratios may move slightly higher, while personal auto carriers see the light at the end of the loss-cost tunnel.
Most Recent
-
US casualty reinsurance supply-demand gap is widening: Fitch
September 16, 2024 -
Ryan Specialty completes acquisition of Ethos P&C MGUs from Ascot Group
September 16, 2024 -
Daily Digest: Top news from September 16
September 16, 2024 -
Everest confirms Ocampo as Colombia head, opens Bogota office
September 16, 2024