Reinsurance News

tokio marine

TMK cyber policy includes physical damage cover

24th February 2020

Tokio Marine Kiln, part of global insurance group Tokio Marine, has launched an enhanced policy designed to protect against physical damage from cyber attacks. Cyber Ctrl PD+ offers affirmative cover for property damage and ensuing business interruption arising from a cyber attack. “As most cyber insurance policies exclude cover for property damage, ... Read the full article

Egyptian investors acquire stake in Tokio Marine Takaful subsidiary

23rd December 2019

EFG Finance Holding, a subsidiary of Egyptian investment bank EFG Hermes, along with GB Capital, a wholly owned subsidiary of GB Auto, have entered into a definitive sale and purchase agreement to acquire a 75% stake in Tokio Marine Egypt Family Takaful. The deal is worth £4.1 million and is subject ... Read the full article

Tokio Marine Kiln launches flagship cyber product in Asia

31st October 2019

Tokio Marine Kiln, part of global insurance group Tokio Marine, has launched its flagship cyber product in Asia. Cyber Ctrl was developed in response to an increasing demand for comprehensive cyber coverage and prevention services, and offers businesses specialist breach preparation and threat monitoring services. Marketed as a policy enhancement to small ... Read the full article

Tokio Marine to acquire US insurer Pure Group for $3bn

3rd October 2019

Tokio Marine Holdings, the largest property and casualty insurance group in Japan, has announced plans to acquire US high net worth insurance specialist Pure Group for $3.1 billion. The acquisition is expected to close by March 2020 and will be completed through Tokio Marine’s subsidiary HCC Insurance Holdings. Tokio Marine's pending acquisition ... Read the full article

Tokio Marine HCC bolsters global Media, Film & TV team

25th July 2019

Tokio Marine HCC has announced the appointments of Stuart Wolstenholme and Lucy Smith in its international Media, Film & TV team within its Professional Risks unit. Wolstenholme has been named Media Property and Liability Underwriting Manager, and brings more than 15 years of experience in the Media and Music industries to ... Read the full article

Tokio Marine’s sale of reinsurance units to boost efficiency: Fitch Ratings

12th November 2018

The recent sale of Tokio Marine Holdings’ two European reinsurance subsidiaries is likely to streamline the firm's holdings and boost operational efficiency in the group's underwriting businesses, Fitch Ratings says. Tokio Millennium Re AG and Tokio Millennium Re are both set to be acquired by Bermudian reinsurance company RenaissanceRe following ... Read the full article