Tokio Marine

Commercial lines loss ratios may move slightly higher, while personal auto carriers see the light at the end of the loss-cost tunnel.

Palotay succeeds Richard Robin, who joined Tokio Marine following its acquisition of NAS Insurance, where he was CEO, in April 2019.

The underwriter has more than 36 years’ experience and has previously worked at Hiscox and Faraday.

Fischer will oversee the P&C underwriting agency’s portfolio in the fine art market, including art dealer, exhibition, museum, and private and corporate collection coverages.

The co-head of international also stressed that its emphasis on ESG was "simply the right thing to do".

The Insure Our Future network is due to hold “physical and digital actions” in Japan, South Korea, the UK and the US.

The Lloyd’s broker plans to establish additional regional offices.

The outgoing finance chief will continue advising the carrier for two years after she steps down.

Earnings at the international non-life business also halve as EMEA operations swing to a 12.5bn yen loss.

AM Best said the upgrade partly reflected the company’s increasingly strategic role within the Delphi Financial and Tokio Marine group.

The Tokio Marine HCC MGA takes Zoe Massie from AGCS and confirms the hire of Talbot’s Joshua Cantwell.

The insurers say they are not liable for Hertz’s defense costs from a 2014 regulatory probe.