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Tokio Marine Launches Green Unit, Eyes $1 Billion Revenues by 2030

Insurance Journal

Japanese insurer Tokio Marine has set up a unit to insure activities linked to the low-carbon transition such as green hydrogen, shipping and cement and is targeting $1 billion in revenues by the end of the decade, its chair told …

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Adaptive Insurance, Tokio Marine HCC Partner on Power Outage Losses

Insurance Journal

Adaptive Insurance, a provider of parametric insurance solutions, has partnered with specialty insurer Tokio Marine HCC on GridProtect—an insurance product for short-term power outages. The flagship product from Adaptive, which says it is building an AI-driven platform to businesses create …

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Middle East Tensions Boost Underwriting Risks Across Re/Insurers’ Portfolios: Report

Insurance Journal

Marine, aviation, cyber, and terrorism insurers face immediate underwriting pressures and potential accumulation losses as a result of heightened hostilities between Iran and Israel, according to Morningstar DBRS. In addition, the report said, reinsurance capacity in certain business lines could …

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Heffernan Insurance Brokers Acquires Pac Global Insurance Brokerage, Inc.

Insurance Journal

Heffernan Insurance Brokers has acquired Pac Global Insurance Brokerage and formally added marine cargo expertise to its suite of services. Located in El Segundo, California, Pac Global joined as Heffernan’s marine cargo specialty practice on April 1. Marine cargo is …

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People Moves: Guy Carpenter Promotes Hakes as Global Head of Marine, Energy, and Technical Lines; Moody’s Names Aquino as Global Co-Head of Insurance

Insurance Journal

Guy Carpenter Promotes Hakes as Global Head of Marine, Energy, and Technical Lines Guy Carpenter, the reinsurance brokerage … This edition of International People Moves details appointments at Guy Carpenter and Moody’s Ratings. A summary of these new hires follows here.

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People Moves: Guy Carpenter Taps RenRe’s Flynn as Head of Global Clients, Global Specialties; Tokio Marine HCC International Names Bridges as Chief Claims Officer

Insurance Journal

This edition of International People Moves details London-based appointments at the reinsurance broker Guy Carpenter and the insurer Tokio Marine HCC International. A summary of these new hires follows here. Carpenter Taps RenRe’s Flynn as Head of Global Clients, Global …

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North Sea Ship Collision Could Cost Insurers Up to $100M, Hitting Marine Line’s Profits

Insurance Journal

The collision of a cargo ship and a fuel tanker off the eastern coast of England in the North Sea is likely to hit multiple marine insurance policies, carrying an estimated combined insured value of between $50 million and $100 …