Latest Tokiomarinegroup Headlines
All the headlines from our Tokiomarinegroup Topic Page, ordered by recency.
Tokio Marine to Buy Delphi Financial for $2.7 Billion
Dec 21 2011 // Tokio Marine said on Wednesday it will buy U.S. insurer Delphi Financial Group for $2.7 billion, the latest in a string of deals by Japan’s second-largest property-casualty insurer aimed at growing outside its mature...
Best Upgrades First Hawaii Ratings to ‘A’ on Tokio Marine Takeover
Dec 16 2011 // A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of First of Hawaii Group and its members....
Ratings Recap: Tokio Millennium Re, Alterra Re Europe, Harmony General
Nov 7 2011 // A.M. Best Co. has upgraded the financial strength rating to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit rating to “aa+” from “aa-” of Bermuda-based Tokio...
Report AXA, Generali, Tokio Marine, MS&AD Submit Bids for HSBC Unit
Oct 14 2011 // European insurers AXA SA, Assicurazioni Generali SpA, Japan’s Tokio Marine and MS&AD Insurance Group are among suitors to submit first round bids for HSBC’s non-life insurance business, sources with...
Best Upgrades Philadelphia Insurance Co. and Members Ratings
Sep 21 2011 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to ‘aa+’ from ‘aa’ of Philadelphia...
Tokio Marine to Acquire All of Hawaii’s First Insurance for $165 Million
Aug 15 2011 // Tokio Marine Holdings, Inc. is to become the sole shareholder of the largest Hawaii-based property and casualty insurance carrier. The Japanese insurer announced in Tokyo this week it has reached an agreement to acquire...
O’Reilly To Oversee Mid-Atlantic for PHLY
Jun 27 2011 // Brian O'Reilly Philadelphia Insurance Companies (PHLY) has promoted Brian O’Reilly to senior vice president of marketing. O’Reilly, who started his career over 20 years ago with PHLY, manages the...
S&P: Outlook Negative on 9 Japanese P/C Insurers; Ratings Affirmed
Mar 25 2011 // Standard & Poor’s Ratings Services has conducted a detailed analysis of 15 Japanese P/C insurers, and has made several adjustments in its ratings following the earthquake and tsunami, which hit the country on...
Tokio Millennium Re Receives Authorization for Australia
Mar 3 2011 // Bermuda-based Tokio Millennium Re Ltd. (TMR), a subsidiary of Japan’s Tokio Marine & Nichido Fire Insurance Co., Ltd., announced that the Australian Prudential Regulation Authority (APRA) has authorized...
Florida Approves Lower Collateral for Reinsurer Tokio Millennium
Feb 28 2011 // Florida has approved lower collateral payments for another Bermuda reinsurer, the eighth foreign reinsurer to be granted this approval by the state. Tokio Millennium Re Ltd., a subsidiary of Tokio Marine & Nichido Fire...
S&P Japan Ratings Downgrade Hits Insurers
Jan 28 2011 // Yesterday Standard & Poor’s Ratings Services announced that it had lowered its sovereign rating on Japan to ‘AA-‘ from ‘AA’. The rating agency followed up that action by announcing that it...
Glomb Named Underwriting Chief at PHLY
Jan 25 2011 // Philadelphia Insurance Cos. (PHLY) has promoted John Glomb to chief underwriting officer. Glomb, a 15-year veteran of the insurance and financial services industry, most recently serving as senior vice president of...
Ratings Recap: Tokio Marine Pacific, Malaysian Re, Kazakhinstrakh, Ansvar
Jan 7 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Guam-based Tokio Marine Pacific Insurance Limited (TMPI), both with stable outlooks....
Rating Recaps: PrimeOne, Berkshire Hathaway (Notes), Safety National
Dec 17 2010 // A.M. Best Co. has assigned a financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” to Michigan-based PrimeOne Insurance Company, both with stable outlooks. The ratings of...
Cotnoir Joins Safety National’s Large Casualty Unit
Oct 1 2010 // St. Louis, Mo.-based Safety National announced that Stephen H. Cotnoir has joined the company’s Large Casualty unit. His hiring coincides with the founding of Safety National’s regional underwriting office in...
Safety National Names Csik Chief Financial Officer
May 4 2010 // Alternative market insurance provider, Safety National in St. Louis, Mo., has promoted Senior Vice President John Csik to the position of chief financial officer and treasurer. Csik takes over these positions from Duane...
Sweeney, Maguire Named Co-Presidents by Philadelphia insurance
Mar 1 2010 // Specialty insurer Philadelphia Insurance Companies has promoted Christopher J. Maguire and Sean S. Sweeney to the position of co-presidents. Maguire joined Philadelphia Insurance Companies in 1987 and has managed...
Ratings Recap: Generali (France), Tokio Marine Pacific, swisspartners
Feb 25 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Generali Vie and Generali IARD. Best also affirmed the ICR of “a-”...
Safety National Launches a New Large Casualty Program
Jan 22 2010 // St. Louis, Mo.-based excess workers’ compensation coverage provider Safety National has introduced a comprehensive large casualty program, which combines the company’s large deductible workers’...
People
Jan 10 2010 // Global insurance broker and risk advisor Marsh appointed Philip Gawthorpe as Multinational Client Service Practice leader for the Midwest Zone. Gawthorpe, who has more than 30 years of insurance industry experience, will...
