Tokio Marine HCC has appointed Michael Palotay as president of its Cyber & Professional Lines Group.

Palotay previously served as chief underwriting officer of the group. He succeeds Richard Robin, who is retiring and will remain in a consultative capacity until April 1.

Palotay brings over 15 years’ experience in the insurance industry, including senior roles at AIG and NAS Insurance, which was acquired by Tokio Marine HCC in April 2019.


TigerRisk Partners LLC announced that Will Cheney has joined the company as partner. He will be focused on reinsurance, capital and strategic advisory for the company’s largest property accounts.

Cheney will be based in Boston and report to TigerRisk’s head of North America, Wade Gulbransen.

Cheney, who has nearly 20 years of experience as a reinsurance broker, joins from Lockton Re, where he was senior broker and co-leader of the Property practice. Prior to that, he was EVP at Willis Re for 11 years, where he ran the Boston office and the Large Account Property Segment for Willis Re North America. He also helped establish the Seattle office of Willis Re.


American International Group announced that Marilyn Hirsch has returned to AIG as senior vice president, treasurer, effective immediately.

She reports to Shane Fitzsimons, EVP and chief financial officer at AIG.

Hirsch rejoined AIG from the Allstate Corporation, where she served as senior VP and treasurer. She previously held various leadership positions at AIG, the most recent being head of strategy for AIG Property Casualty, and also served on AIG Israel’s board of directors.

In addition, Kathleen Carbone has been named VP and chief accounting officer, AIG, effective March 1, 2022, also reporting to Fitzsimons.

She will succeed Elias Habayeb, who was named CFO for AIG’s Life and Retirement business in October 2021 and will continue to serve as AIG’s chief accounting officer through February 2022. Since May 2021, Carbone has served as VP of Finance. She has held various positions at AIG since 2012.