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Tokio Marine Pauses Sale of $1B Southeast Asia Life Insurance Business, Sources Say

Insurance Journal

Japanese insurer Tokio Marine has paused the sale of its $1 billion Southeast Asia life insurance business, partly due to a dispute with a Malaysian partner over an expiring products distribution agreement, four sources with knowledge of the matter said.

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Markets/Coverages: Sompo Launches Marine Insurance Proposition for UK Market

Insurance Journal

Sompo, the Bermuda-based provider of commercial and consumer property/casualty insurance and reinsurance, announced the launch of a new national marine insurance proposition for the United Kingdom. Sompo’s Marine Cargo UK policy and its Transport & Logistics propositions are both designed …

Marine 264
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Tokio Marine Kiln Launches Specialty Reinsurance Division

Insurance Journal

Tokio Marine Kiln (TMK), the international specialist insurer, announced the formation of a new Specialty Reinsurance division to support the company’s growth ambitions in the sector. The new division will be led by Phil Taylor who will be appointed head …

Marine 264
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People Moves: Tokio Marine HCC Appoints Perez to Launch US Excess Casualty Business

Insurance Journal

Tokio Marine HCC (TMHCC), based in Houston, Texas, has announced the expansion of its specialty product offering with its entry into the Excess Casualty market. David Perez has been appointed as President, Excess Casualty, to lead the launch and build …

Marine 258
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People Moves: Markel Taps QBE’s Smith to Lead Marine & Energy Liability Team, Int’l Specialty; QBE Promotes Lascelles as Dir. of Underwriting, Marine and British Marine

Insurance Journal

Markel Taps QBE’s Smith to Lead Marine & Energy Liability Team, Int’l Specialty Markel, the insurance operations within … This edition of International People Moves details appointments at the insurers Markel and QBE. A summary of these new hires follows here.

Marine 260
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Markets/Coverages: QBE to Launch US Inland Marine With 3 Hires From AIG; Next Now Offers Standalone Pro Liability for Consultants

Insurance Journal

inland marine offering by 2025 across all 50 states as it expands its specialty product suite. The team and product will be added to QBE International Market’s growing ocean marine and energy … QBE International Markets will launch a new U.S.

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Louisiana Marine Electronic Services Provider Sued for Sexual Harassment

Insurance Journal

X-Treme Tech Services, LLC, a Thibodaux, Louisiana-based business which provides marine electronic services, violated federal law when a supervisor repeatedly sexually harassed a female employee and then fired her after she resisted his advances, the U.S. Equal Employment Opportunity Commission …

Marine 264