First Insurance Company of Hawaii Announces Todd Takayama to Serve as President and CEO Starting April 1, 2023
March 8, 2023 by FICOH
Mark Yoda, Chairman and CEO, Returning to Tokio Marine
HONOLULU – First Insurance Company of Hawaii (FICOH) announced today that effective April 1, 2023, Todd Takayama will assume the additional title of CEO to become the company’s president and CEO. Mark Yoda, who has served as FICOH’s chief executive since September 2021, will be returning to Tokyo for a new assignment at Tokio Marine Holdings as managing executive officer/deputy head of international business. FICOH is a longtime member of the Tokio Marine Group, a respected leader in the global insurance marketplace. Mark will continue to have touchpoints with FICOH as chairman of the Board.
“Todd’s promotion is the logical next step in our succession plan and recognizes his leadership, analytical skills, and passion for FICOH and its social mission,” said Yoda. “When I joined FICOH as president and CEO in 2021, my purpose was to serve as a bridge to the future. I’m proud of what we’ve achieved collaboratively to position FICOH for success. I will watch with pride as FICOH charts its future path under Todd’s capable leadership, and look forward to continuing to support FICOH and the local community as chairman of the FICOH Board.”
Prior to joining FICOH in 2021, Yoda was FICOH chairman, deputy CEO of Tokio Marine North America (TMNA) and managing executive officer, Tokio Marine Holdings, overseeing Tokio Marine entities in the Americas region. He has been with Tokio Marine for 37 years, 15 of which have been in the U.S.
“FICOH has achieved a great deal under Mark’s leadership in a relatively short amount of time. I’m excited to be able to continue the strategic initiatives our executive team has built the foundation for over the past 18 months. I will continue to work with our leaders and associates to realize FICOH’s vision for the future,” said Takayama. “All of us at FICOH are grateful to Mark for his wise leadership and commitment to building a stronger company and community for future generations. We look forward to his continued support.”
Takayama joined FICOH’s underwriting division in 2010 as an underwriting manager and has held roles of increasing responsibilities through the years. He was promoted to senior vice president in 2019 and assumed the additional title of chief underwriting officer in 2020 before being promoted to president in October 2022. He has worked in the insurance industry for more than 30 years both in Hawaii and California. Born and raised in Honolulu, Takayama earned a bachelor’s degree in finance from the University of Hawaii Shidler College of Business. He also holds the Chartered Property & Casualty designation.
About First Insurance Company of Hawaii
Founded in 1911, and celebrating its 112th anniversary this year, First Insurance Company of Hawaii, Ltd. is the oldest and largest property and casualty insurer domiciled in Hawaii, with assets of $677 million, liabilities of $423.7 million, and policyholders’ surplus of $253.3 million as of December 31, 2021.
First Insurance, a member of the Tokio Marine North America (TMNA) group of companies, enjoys an “A+” rating from A.M. Best Co. Proud of its broadly experienced, service-oriented staff, First Insurance employs more than 250 insurance professionals and distributes its products through 26 independent general agencies. First Insurance was awarded the American Heart Association’s Workplace Health Gold Achievement for 2020. In 2021, First Insurance was named Hawaii’s number one Best Places to Work in the “large company” category by Hawaii Business magazine.
First Insurance supports many local organizations through monetary donations made at the corporate level, by its associates and the First Insurance Foundation. Its charitable giving focuses on four areas: 1) family, social services and health care; 2) education and career development; 3) environment and sustainability; and 4) civic, culture and the arts.