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Tokio Marine Holdings Inc.

RenaissanceRe acquiring Tokio Millennium Re in $1.5 billion deal

30th October 2018

Bermudian reinsurance company RenaissanceRe has announced that it is to acquire Japanese holding company Tokio Marine’s reinsurance units, which include Tokio Millennium Re AG and Tokio Millennium Re (UK) Limited. RenaissanceRe said it has entered into a definitive agreement with Tokio Marine Holdings, Inc. to acquire the firm's reinsurance platform, which ... Read the full article

Daljitt Barn joins Tokio Marine from Munich Re as Global Head of Cyber Risk

3rd September 2018

Tokio Marine Holdings has announced the appointment of Daljitt Barn from reinsurance giant Munich Re, to the newly created role of Global Head of Cyber Risk. Based in London, Barn started at Tokio Marine on September 3rd, 2018, and will be responsible for developing the firm's cyber strategy. Joining from Munich Re, ... Read the full article

Tokio Marine expects July flooding in Japan to drive $452mn of losses

10th August 2018

Tokio Marine & Nichido Fire, a subsidiary of Tokio Marine Holdings, has announced that it expects to incur losses from the heavy rainfall that impacted Japan in July, 2018 of approximately 50 billion yen (US$451.9 million). Southwest Japan was hit by intense rainfall and subsequent flooding in the month of July, which caused ... Read the full article

Tokio Marine co-leads $90mn funding for Metromile start-up

24th July 2018

Tokio Marine Holdings and Intact Financial, a North American property and casualty (P&C) insurer, have co-led a $90 million Series E funding drive for Metromile Inc., a San Francisco based car insurance start-up that utilises a pay-per-mile model and fully automated claims experience. Metromile said it plans to use the funds ... Read the full article

Tokio Marine prepares for further acquisitions with $9bn available capital

26th June 2018

Tokio Marine Holdings, one of Japan’s most acquisitive re/insurance companies, is reportedly looking to boost its profits by scouting for further deals in Asia and overseas with up to $9 billion in available capital, according to Reuters. Tsuyoshi Nagano, Chief Executive of Tokio Marine, told Reuters that the firm would have ... Read the full article

Tokio Marine Group receives approval for post-Brexit Luxembourg subsidiary

8th May 2018

Tokio Marine Group has received regulatory approval to establish a new re/insurance subsidiary, Tokio Marine Europe S.A., in Luxembourg as part of its plans to ensure a smooth transition following the UK's departure from the European Union (EU). The new company, which has been authorised by the Commissariat aux Assurances (CAA) ... Read the full article

Tokio Marine HCC appoints Susan Rivera as Chief Operating Officer

3rd April 2018

Tokio Marine HCC has announced the appointment of Susan Rivera as Executive Vice President and Chief Operating Officer (COO). Rivera joins Tokio Marine from V3 Insurance Partners LLC, where she was a founding shareholder, and has served as President and Chief Executive Officer (CEO) since 2009. In her new role, she will ... Read the full article

Hurricanes & quakes drive costly year for Japanese insurers

24th October 2017

Japanese insurers Tokio Marine Holdings, MS&AD Insurance Group Holdings, Inc, and Sompo Holdings are estimating a combined payout of almost $2.5 billion in claims related to hurricanes Harvey, Irma and Maria, and the Mexico earthquakes. The events make it one of the costliest year's for Japanese insurers since the Thai floods in 2011, ... Read the full article

Tokio Marine estimates $580mn loss from Harvey, Irma, Maria, and Mexico quakes

13th October 2017

Tokio Marine Holdings, Inc. has announced that it expects estimated pre-tax catastrophe losses, net of reinsurance, from the Mexico earthquakes, and hurricanes Harvey, Irma, and Maria, to total around 65 billion yen (US$580 million). "We would like to express our sincerest sympathies to all who have been affected by the natural ... Read the full article

Tokio Marine to acquire AIG medical stop-loss segment

4th October 2017

Tokio Marine HCC  has agreed to acquire the medical stop-loss operations of American International Group (AIG) including its renewal rights, in-force business and employees, through its wholly owned subsidiary HCC Life Insurance Company (HCC Life). The acquired business segment produces a gross written premium of about $350 million, increasing Tokio Marine ... Read the full article

Japanese insurers to raise quake premiums in some regions by up to 50%

1st September 2017

Japanese insurance firms are reassessing earthquake risks by region, which is expected to result in premiums rising by as much as 50% in some areas, according to reports. Japan's earthquake risks is well documented and in response to the country's vulnerability to earthquake events, insurers in the region are expected to raise ... Read the full article

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