The appointment adds a regional head to a practice the broker has been looking to expand since creating a global chief executive for the line 12 months ago.
Kita will supply satellite-based project risk analytics to Tokio Marine & Nichido customers under an expanded agreement covering three group companies.
Advantage is shifting from insurers competing on price to those combining agricultural expertise, analytics and flexible capital, says Swiss Re's Chandan Verma.
Insurance research institute told a Seoul workshop that correlated shocks from both perils need dispersing through reinsurance, capital markets, and a defined public-private framework.
