Tokio Marine

Tokio Marine international profits surge in fiscal Q2

Tokio Marine’s international operations reported a 5.2 percent increase in net premiums written for the second quarter of its financial year, helping to drive a jump in unit profits despite the impact of natural catastrophe losses.

Tokio Marine appointed underwriting partner for urban resilience finance taskforce

Tokio Marine Group has been named as the inaugural underwriting partner for the new resilience finance taskforce unveiled at the U20 Summit in Rio de Janeiro.

Tokio Marine pledges ¥45bn in transition premium by 2026

Japanese insurance giant Tokio Marine has unveiled a new interim target to reach ¥45bn ($316.9mn) in premiums from transition-related products and services by 2026.

TMHCC reports 86.1% CR as international profits surge in Q1

Tokio Marine HCC (TMHCC) has reported an 86.1 percent combined ratio for the first quarter of 2024, a 1.7 percentage point improvement on the prior year.

Tokio Marine eyes Asia M&A for international unit expansion

Tokio Marine continues to see organic and inorganic growth opportunities all over the world with Asia and Southeast Asia a particular target for acquisitions, according to Brad Irick, co-head of the carrier’s international business.

Japanese P&C carriers pursue top-line growth in Europe

Europe was the preferred destination for expansion as the international subsidiaries of Japan’s three P&C giants pursued top-line growth ambitions during the 2023 fiscal year.

TMHCC reports 86.7% 2023 CR as international profits surge

Tokio Marine HCC has reported an 86.7 percent combined ratio for fiscal year 2023, a 0.4 percentage point improvement on the prior year.

Tokio Marine America’s Cali personal lines customers to transition to Mercury

Following its decision to exit the California personal lines market, Tokio Marine America (TMA) has developed a plan with Mercury to transition affected customers of TMA and its subsidiary Trans Pacific Insurance Company (TPIC).

Casper adds Chaucer and TMK to capacity backers

Casualty-focused MGA Casper Specialty UK has added Chaucer and Tokio Marine Kiln to its list of capacity providers.

Tokio Marine America latest to exit CA’s personal lines market

Tokio Marine America (TMA) is the latest carrier to quit California’s beleaguered insurance market after the carrier announced it is to stop writing personal lines business in the state.

UK court finds ~$10bn Russia-Ukraine aviation disputes must be heard in London

A UK high court has found that more than more than $10bn of legal claims brought by aircraft leasing companies against international (re)insurers must be heard in London rather than Moscow in a major win for lessors.

Tokio Marine sponsors $100mn Kizuna Re cat bond using sustainable development bond

A Tokio Marine Holdings subsidiary has become the first Japanese insurer to use the World Development Bank’s sustainable development bonds in its latest sponsor of the issuance of Kizuna Re III.

Tokio Marine introduces transition plan requirement for ~70% of portfolio emissions

Tokio Marine Holdings has revised the underwriting, investment and financing policies within its group climate strategy to potentially exclude 60 companies in heavy-emitting sectors if they do not provide a transition plan.

Tokio Marine unveils governance reforms following Japanese antitrust probe

Tokio Marine has pledged to strengthen its internal compliance practices, beef up corporate governance and cut specific executive pay as part of a plan submitted to the Japanese regulator following a probe into allegations of anti-competitive activity.

TMK names Shaw as CEO with Irick moving to lead intl business at group level

Tokio Marine Kiln has announced a leadership reshuffle which will see Matthew Shaw assume the role of CEO, while current CEO Brad Irick will take on a group-wide role as co-head of international business.

Tokio Marine International reports 16% increase in 9M NWP to $15.6bn

Tokio Marine Holdings has reported adjusted net income of ¥520.3bn for the nine months ended 31 December 2023, supported by underwriting growth in its international business despite loss reserve development in overseas run-off reinsurance and increased nat cat impacts.

Tokio Marine leads P&C gains as Nikkei Stock Average closes at 34-year high

Japan’s three largest P&C insurers saw significant share price increases on Tuesday following a request from the Japanese regulator to accelerate the sale of cross-shareholding networks.

TMHCCI agrees deal with Marsh for Lavaretus Underwriting

Tokio Marine HCC International (TMHCCI) has reached an agreement with Marsh Specialty UK for the transfer of certain employees from specialist MGA and Lloyd’s coverholder Lavaretus Underwriting.

Tokio Marine completes sale of Saudi Arabia joint venture

Tokio Marine Holdings has completed the previously announced sale of its shares in joint venture Arabian Shield Cooperative Insurance Company, a life and non-life insurance company in Saudi Arabia, to Alinma Bank.

Tokio Marine highlights climate action and disaster resilience in sustainability priorities

Climate action, improving disaster resilience and promoting diversity and inclusion are among the key priority issues set out by Tokio Marine Holdings in its latest sustainability strategy.

Region

Topics

Events & Conferences

Content Types