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Tokio Marine cyber leader promoted to group president

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Michael Palotay

Michael Palotay, formerly chief underwriting officer of Tokio Marine HCC’s cyber and professional lines group, has been named the group’s president, the company said Wednesday.

Mr. Palotay succeeds Ricard Robin, who is retiring and will remain in a consulting capacity until April 1, the Encino, California-based group said in its statement.