Tokio Marine HCC News

Tokio Marine HCC Acquires Cyber Specialist NAS in California

Tokio Marine HCC has acquired in Encino, Calif.-based NAS Insurance Services LLC. Terms of the deal were not disclosed. The acquisition of NAS represents the continuance of a partnership between NAS and the Tokio Marine Group. Tokio Marine HCC and …

Tokio Marine HCC Names Skarinka President, Public Risk Group

Houston-based Tokio Marine HCC has promoted Christopher Skarinka, chief operating officer for its Professional Lines and Public Risk Groups, to president of the Public Risk Group, effective April 1. He succeeds Thomas Harmeyer, who will continue to serve the division …

Houston’s Tokio Marine HCC Names Schell as Next President; Burke to Retire

Houston-based Tokio Marine HCC has named Michael Schell as president effective April 1, 2019, succeeding William Burke who is retiring. Schell currently serves as executive vice president at Tokio Marine HCC. He joined Tokio Marine HCC in 2002 and has …

Rivera Named CEO of Tokio Marine HCC

Tokio Marine HCC announced that Susan Rivera has been appointed its next chief executive officer effective Sept. 1, 2018, replacing Christopher J.B. Williams, the current CEO. Williams is taking on a new role as managing executive officer and co-head of …

AIG to Sell Medical Stop-Loss Operations to Tokio Marine HCC

Tokio Marine HCC plans to acquire the medical stop-loss operations of American International Group (AIG). Neither side is disclosing financial terms in the deal, which is expected to close on Oct. 15. But the operations in question produce $350 million …

Tokio Marine Plans to Set Up Luxembourg Unit in Preparation for Brexit

Tokio Marine Group announced that it is seeking regulatory approval to establish an insurance company in Luxembourg, to be prepared for Brexit. Through several of its subsidiaries, principally Tokio Marine HCC and Tokio Marine Kiln, the group has been active …

Texas-Based ProAg to Acquire Iowa’s International Ag Insurance Solutions

Producers Ag Insurance Group Inc. (ProAg), a member of the Tokio Marine HCC group of companies, has agreed to acquire crop managing general agent, West Des Moines, Iowa-based International Ag Insurance Solutions LLC (International Ag). The transaction, which is subject …

Selling Medical Insurance to Brazil Travelers – An Expert Offers Advice

How should an agent or broker approach selling travel medical insurance to those heading to Brazil? The answer is simple: know what potential dangers they face, provide them with the information to reduce their risk, and in the event they …

Japanese Insurers Eye More Acquisitions in U.S.

Japanese insurers including MS&AD Insurance Group Holdings Inc. and Sompo Japan Nipponkoa Insurance Inc. are seeking mergers with peers in the United States, as a declining population at home forces them to pursue markets that are growing overseas. Prime Minister …