Tokio Marine HCC creates cyber and professional lines group

Tokio Marine HCC has launched a cyber and professional lines group, led by the group’s president, Richard Robin.

The cyber and professional lines group includes the operations of the recently-acquired NAS Insurance Services, where Robin served as chief executive officer, combined with the reorganised operations of the former Tokio Marine HCC professional lines group.

The new business is also being offered as part of its carrier service business. Matthew Sherman, senior vice president of reinsurance and programs in the cyber and professional lines group, said: “Over 20 years ago, we began to develop bolt-on specialty solutions for other carriers that we offered on a reinsurance basis. Today, our solutions reinforce other carriers’ core products with new bolt-on coverages without the costs and risks of introducing these solutions themselves.”

The cyber and professional lines group is also offering several new product and service improvements, including Q, an online broker portal for quoting and issuing policies.

Jamie Kinsley, the group’s senior vice president of technology and product management, said: “Brokers want to be able to do business 24/7 and accelerate their level of service to their customers.  So, we’ve evolved NAS’ online platform and encourage all of our brokers to sign up and quote it on Q.”

Thomas Harmeyer, executive chairman of Tokio Marine HCC, called the new cyber and professional business “the first step in combining our strengths to create the most responsive team for our clients.”

Michael Palotay serves as chief underwriting officer and cyber product leader of the new group, while Jill Linhardt is senior vice president of legal, compliance and risk management. Chris Murphy is senior vice president of employment practices, Jim Bechter is senior vice president of architects and engineers, Jill Daly is senior vice president of claims and Jeremy Barnett is senior vice president of marketing and business development. Daniel Mogelnicki is vice president of miscellaneous professional liability.