Mercury General Corp. said it will offer policies to what could be thousands of new California personal lines customers, under a plan crafted with exiting writer Tokio Marine America and subsidiary Trans Pacific Insurance Co.
Tag: Tokio Marine
Zurich to Stop Insuring New Oil and Gas Projects
Zurich Insurance Group Ltd. said it will stop insuring new oil and gas projects.
Tokio Marine Launches CVC Fund to Back Early-Stage Startups
Tokio Marine, a Tokyo-based insurance company, announced Tuesday the launch of its $42 million corporate venture capital (CVC) fund, Tokio Marine Future Fund, to invest in early-stage startups worldwide. The Palo Alto-based CVC fund will invest between $500,000 and $3 million in seed and Series A rounds in industries such as insurtech, fintech, mobility, healthcare,… Continue reading Tokio Marine Launches CVC Fund to Back Early-Stage Startups
Tokio Marine HCC Announces Agreement to Acquire Renewable Energy Insurance Specialist
Tokio Marine HCC today announced it has signed a purchase agreement to acquire managing general agent GCube, a leading renewable energy risks specialist. The transaction, which is subject to regulatory approval and other customary closing conditions, is expected to close in the second quarter of 2020. “We are pleased to acquire this outstanding underwriting organization… Continue reading Tokio Marine HCC Announces Agreement to Acquire Renewable Energy Insurance Specialist
Tokio Marine to Sell Terrorism Insurance Ahead of Tokyo Olympics
Tokio Marine & Nichido Fire Insurance will sell insurance policies starting in March that will cover damage to facilities resulting from terrorism and violent demonstrations, the first such product in Japan. Japanese companies have up to now mainly focused on preparing for natural disasters and have not bothered to insure themselves against terrorism or political… Continue reading Tokio Marine to Sell Terrorism Insurance Ahead of Tokyo Olympics
RenaissanceRe Announces Secondary Public Offering of Common Shares by Tokio Marine & Nichido Fire Insurance Co., Ltd
RenaissanceRe Holdings Ltd. (the “Company” or “RenaissanceRe”) announced today an underwritten public secondary offering of 1,739,071 common shares by Tokio Marine & Nichido Fire Insurance Co., Ltd. (the “Selling Shareholder”). The Selling Shareholder will receive all of the net proceeds from this offering. No shares are being sold by the Company. Morgan Stanley & Co.… Continue reading RenaissanceRe Announces Secondary Public Offering of Common Shares by Tokio Marine & Nichido Fire Insurance Co., Ltd
Tokio Marine to Buy U.S. Insurer Pure Group for $3.1 Billion
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
Tokio Marine HCC Expands International Surety Operations with Newly-Formed Mexican Subsidiary
Tokio Marine HCC announced the formation of Tokio Marine HCC Mexico Compania Afianzadora, S.A. de C.V. (“TMHCC Mexico”). The newly-formed entity provides surety bonds to Mexican-domiciled organizations and enables Tokio Marine HCC – Surety Group to produce business for customers in the United States, Japan, Europe and other countries worldwide with surety needs in Mexico.… Continue reading Tokio Marine HCC Expands International Surety Operations with Newly-Formed Mexican Subsidiary
Tokio Marine HCC Announces Formation of New Cyber & Professional Lines Group
Tokio Marine HCC today announced the formation of the Tokio Marine HCC – Cyber & Professional Lines Group, led by Richard Robin, the group’s President. The Cyber & Professional Lines Group includes the operations of the recently-acquired NAS Insurance Services, LLC (NAS), where Mr. Robin served as Chief Executive Officer, as well as the reorganized… Continue reading Tokio Marine HCC Announces Formation of New Cyber & Professional Lines Group
Tokio Marine’s ProAG to Acquire AmTrust Crop MGA
Producers Ag Insurance Group (ProAg), part of the specialty insurance group Tokio Marine HCC, is to acquire crop managing general agent AmTrust Agriculture Insurance Services (AmTrust Ag), a subsidiary of AmTrust Financial Services. AmTrust Ag is headquartered in Kansas, US and manages multi-peril crop, crop hail, livestock and named crop peril insurance. Its products are… Continue reading Tokio Marine’s ProAG to Acquire AmTrust Crop MGA