Tokio Marine HCC

Insurance Business Magazine | December 27, 2019

What a year 2019 has been for Tokio Marine HCC. The global specialty insurance arm of Tokio Marine Holdings landed two blockbuster acquisitions in the United States, expanded various specialty product areas, and made a number of key leadership appointments. As chief executive officer, Susan Rivera (pictured) summarized: “It has been a very busy and exciting year.” The insurer’s landmark deal of the year came in April with the acquisition of NAS Insurance Services, LLC (NAS), a ...

Gallagher | January 13, 2020

The Caribbean insurance broker provides property/casualty, and employee benefits products and services to private, public, and multinational companies. Arthur J. Gallagher & Co. (Gallagher) has acquired a 60% stake in Risk Management Services (RMS), a Caribbean insurance broker, for an undisclosed price. Risk Management Services is based in Port of Spain, Trinidad and Tobago. It was established in 1978 as a subsidiary of the Neal & Massy Group with an objective to address the insurance a...

AXA XL | January 13, 2020

The activities surrounding the mega-merger of AXA and XL Group’s businesses are far from over. Today, AXA XL announced that it has now merged AXA Corporate Solutions (ACS) and AXA ART into XL Insurance Company SE (XLICSE). This move was a follow-on from the acquisition of XL Group by AXA that was completed all the way back in September 2018. The ACS, AXA ART, and XLICSE merger has been approved by regulatory authorities, including the Central Bank of Ireland and the Irish High Court, and t...

North P&I Club | January 13, 2020

North P&I Club has launched a new initiative to help its members better understand their vulnerabilities to cyber risk and improve their cybersecurity ahead of the International Maritime Organization’s (IMO) January 2021 deadline for safety compliance. As part of the initiative, North has partnered with HudsonCyber to offer its members access to the HACyberLogix platform. HACyberLogix is a cloud-based program designed specifically for the maritime industry. It will enable North’s...