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Tokio Marine HCC – Cyber & Professional Lines Group announced that Ari Giller has been appointed Vice President of Cyber and Tech Underwriting, effective November 13, 2020, reporting to Michael Palotay, the group’s Chief Underwriting Officer. Mr. Giller is based in Chicago and will oversee the West Coast and Midwest underwriting divisions. “I’m excited to announce Ari’s promotion,” said Mr. Palotay. “He’s distinguished himself as a thought leader, and his unparalleled expertise has kept us forward-thinking in the marketplace. Ari spearheaded our regional distribution approach in the Midwest and has successfully grown that operation for four years. His strategic outlook will continue to be a huge asset as he takes on this leadership role.”
Tokio Marine HCC announced that A.M. Best has affirmed the “A++ (Superior)” Financial Strength Ratings and “aa+” Long-Term Issuer Credit Ratings of the property/casualty insurance companies in the Houston Casualty Group and HCC Life Insurance Company. The outlook for all of A.M. Best’s ratings is Stable. “We are very pleased with A.M. Best’s affirmation of Tokio Marine HCC’s Financial Strength Ratings of “A++”. These exceptional ratings reflect our strong balance sheet, proven business strategy and consistent underwriting profits, as well as our effective enterprise risk management,” said Susan Rivera, Tokio Marine HCC’s Chief Executive Officer.
Tokio Marine HCC – Cyber & Professional Lines Group today announced an alliance with managed services provider OneIT, Inc. (OneIT) to offer the group’s insureds multi-factor authentication, as well as secure, off-site backup and recovery for their vulnerable data. As the trend toward remote work and the use of personal devices continues, the threat of ransomware attacks is forcing small and medium-sized companies to re-evaluate their data security. A complete cybersecurity strategy must not only focus on defending against attacks, but also on rapid and effective remediation if a breach occurs. “The single most important thing an organization can do to reduce the risk of ransomware is to properly secure remote access into their network. Over half of all ransomware attacks begin with unauthorized remote access to the victim’s network. Multi-factor authentication provides a crucial additional layer of security,” said Michael Palotay, Chief Underwriting Officer of the Cyber & Professional Lines Group.
Tokio Marine HCC – Cyber & Professional Lines Group today announced an arrangement with CrowdStrike, a leader in cloud-delivered endpoint and workload protection, to offer CrowdStrike’s industry-leading endpoint protection to insureds to help customers address the increasing risk of ransomware attacks and other sophisticated threats. The cloud-native CrowdStrike Falcon platform is built to address today’s complex threat landscape, unifying next-generation antivirus (NGAV), endpoint detection and response (EDR), cyber threat intelligence, managed threat hunting capabilities and security hygiene, delivered via a single, lightweight agent. In recent years, cyber criminals have increasingly used targeted ransomware attacks to cripple their victims’ systems, causing considerable economic damage. As the trend toward remote work and the use of personal devices has intensified during 2020, the frequency and severity of these attacks have increased. Often, these sophisticated attacks can bypass a victim’s legacy antivirus protection.
Employees from our Houston office recently celebrated their ninth year sponsoring the back-to-school supply drive for DePelchin Children’s Center, an accredited foster care and adoption agency. Each year, our Houston team sponsors the supply drive and, in years past, some employees even volunteer to pack backpacks with supplies for the kids. In addition to the back-to-school supply drive, the team also supports DePelchin during the holiday season by hosting a toy drive, donating gift cards, and sponsoring the Holiday Project, where community members can sponsor a child and fulfill their holiday wish list. Over the years, Tokio Marine HCC has contributed to providing this incredible organization with more than $65,000, and our employees have personally donated well over $20,000 on top of that, which is a shining example of the difference we can make when we work together.
We look forward to attending the UT Austin Technology & Science Virtual Career Fair and discussing our opportunities for students interested in an actuarial career.
Susan Rivera, our CEO, and Mike Schell, our President, are honored to receive the award recognizing Tokio Marine HCC among the Ward?s 50� group of top performing companies for the fifth consecutive year. This coveted placement, released by Aon plc, positions our company in the top 50 of nearly 3,000 property-casualty insurance companies and more than 700 life-health insurance companies for outstanding financial results in the areas of safety, consistency and performance.
