[LONDON, 15 August 2019] We are proud to announce that Tatsuhiko ‘Tats’ Hoshina has joined AkinovA’s Advisory Board. Tats is an industry veteran who built Tokio Millennium Re from its establishment in 2000 as a $125 million Bermuda property-cat reinsurer and who then led it from 2006 to a $1.2 billion global, multi-line reinsurer with offices in Zurich, Bermuda, Sydney and Stamford (US), alongside a separately capitalized sister company in London.

Tats brings with him a wealth of experience across the whole reinsurance value chain, across multiple lines of business and geographies. Tats has been regularly cited as one of the most influential people in reinsurance. 

Prior to Tokio Millennium Re, Tats was at Tokio Marine Nichido from April 1986 where he drove its international expansion. He has a degree from Keio University and a Masters from Stanford University and is currently working as an industry consultant in the areas of InsurTech, MGA, fronting, ILS market and capital raising. 

Tats’ focus will be to assist AkinovA in establishing its position as the leading platform to transfer and trade Cyber and PropCat risks. Drawing on his in-depth knowledge of the reinsurance markets, Tats will assist to further develop the AkinovA ecosystem as well as drive growth and participation across the marketplace.

Tats commented “AkinovA has achieved much over the last year. I believe that the timing is right for an electronic marketplace: they have the right proposition at a time when capacity providers need more liquidity and frictional costs are scrutinised.” 

“This is also at a time when cyber risks offer an unprecedented growth opportunity but need electronic risk transfer to match what is a highly dynamic landscape. This requires the use of cutting edge technology.”

“We are seeing a gradual change in the mindset, prompted by a new generation joining the industry. They have different expectations compared to the older generations and it is a mindset that is very different to that of 20 years ago.”

“AkinovA’s approach to act as a one-stop-shop with integrated chat, document sharing, clearing services, price discovery, market animation analytics and third-party actuarial, data, news and analytics is truly powerful.” 

"You need to have the right idea at the right time, with the right backing and the right people, which is why AkinovA will succeed”

Tats concluded by saying “AkinovA will be the platform that will pioneer the way the market transacts reinsurance business in the future.”

The composition of the AkinovA Advisory Board has been carefully constructed to provide AkinovA with unparalleled insights, guidance and access to different parts of the (re)insurance and capital markets. As an independent marketplace, AkinovA’s ability to access this specialist knowledge and expertise is enabling us to deliver a marketplace that provides real value to every market participant.

Tats will be joining AkinovA at the Rendez-Vous de Monte Carlo from the 8th – 11th September. If you would like to find out more about AkinovA or how you can get involved please contact Alexander.Pike@AkinovA.com and we look forward to seeing as many of you as possible in Monte Carlo.