Tokio Marine HCC – Public Risk Group, a provider of insurance solutions for public entities and member of the Tokio Marine HCC, has entered into an agreement to acquire the renewal rights to the FirstFire portfolio of Intact Insurance Group USA LLC.
FirstFire policies protect volunteer and professional fire departments, emergency responders and municipalities through property and casualty insurance and risk management solutions.
Following the acquisition, Intact will continue to issue FirstFire policies, but Tokio Marine HCC will reinsure and service these policies until it begins issuing FirstFire policies itself later this year.
Christopher Skarinka, President of Tokio Marine HCC – Public Risk Group, commented: “The FirstFire product is a strong, strategic fit for us.
“This transaction will enable us to proudly expand our protection of those who serve the American public, which is core to our mission of serving communities.”
Long-time Intact employees who service FirstFire policies will become full-time Tokio Marine HCC – Public Risk Group employees, the company explained.
