Tokio Marine Holdings Inc will buy insurer Pure Group for about $3.1 billion, it said on Thursday, marking its fourth sizable acquisition in the United States in a little over a decade. Japanese financial firms have been forced to look abroad for growth amid an ageing, shrinking population at home. Tokio Marine, the world’s fourth-largest… Continue reading Tokio Marine to Buy U.S. Insurer Pure Group for $3.1 Billion
Tag: high net worth insurance
Vault Insurance Hits the Northeast
Vault, the insurance company created exclusively around the unique and fast-changing needs of the high net-worth market, announced today that it has received approvals to underwrite in Connecticut, New Jersey and Pennsylvania. This adds to their existing operations in Florida and South Carolina and non-admitted coverage offerings in the U.S. We are excited to bring… Continue reading Vault Insurance Hits the Northeast
PURE Insurance Named Best Insurance Underwriter by the Family Wealth Report for the Fourth Consecutive Year
The PURE Group of Insurance Companies, which includes Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer designed for high net worth individuals and families, was named Best Insurance Underwriter by the Family Wealth Report Awards for the fourth consecutive year. Showcasing top firms and professionals operating in private banking, wealth management, insurance… Continue reading PURE Insurance Named Best Insurance Underwriter by the Family Wealth Report for the Fourth Consecutive Year
California Customers Could Foot the Bill for Billions in Wildfire Liability Costs
A last-minute measure by California lawmakers to rescue the state’s largest utility from a potential bankruptcy sets up a contentious process whereby its customers could foot the bill for billions in liability costs it faces following the state’s catastrophic 2017 wildfires. The bill passed Friday night in the final hours of California’s legislative session would… Continue reading California Customers Could Foot the Bill for Billions in Wildfire Liability Costs