Latest Tokiomarinegroup Headlines
All the headlines from our Tokiomarinegroup Topic Page, ordered by recency.
People
Jan 10 2010 // The Insurance Council of Texas (ICT) elected Craig Sparks chairman of its board of directors. Sparks has been president of the Union Standard Insurance Company in Irving since 2000. Sparks’ insurance career began the...
Philadelphia Insurance Cos.’ Founder, Maguire, to Retire
Dec 31 2009 // James J. Maguire, founder of Philadelphia Insurance Cos., will retire as chairman of the board of directors effective January 1, 2010. Jamie Maguire, PHLY’s president and CEO, will succeed James J. Maquire as...
Ratings Recap: Tokio Millennium Re, Nissan Global, Asia Capital, ACRe
Nov 11 2009 // A.M. Best Co. has affirmed the financial strength rating of’ A+’ (Superior) and issuer credit rating of “aa-” of Bermuda-based Tokio Millennium Re Ltd. (TMR), both with stable outlooks. Best noted...
PHLY to Hold Product Fair at Pittsburgh Pirates Baseball Stadium
Aug 18 2009 // Philadelphia Insurance Cos. (PHLY) will hold a product fair at Pittsburgh’s PNC Park Wednesday afternoon to showcase new products to Western Pennsylvania insurance agents. The open-house style event will include...
Safety National Opens New York Underwriting Office
May 13 2009 // Safety National has opened regional underwriting office in New York, and has tapped industry veterans Sharon Herschlag and Dennis Zervos as regional underwriting managers. The company says the new office builds on its...
RMS’ Paradex Model Plays Key Role in Munich Re, Tokio Marine Cat Swap
Apr 27 2009 // Risk Management Solutions announced that Munich Re and Tokio Marine Nisshin Fire have closed a private catastrophe swap based on its industry loss index, Paradex-Europe Windstorm. “This transaction now brings the...
S&P Rates Phila. Indemnity, Phila. Insurance; ‘AA-‘; Outlook Stable
Feb 5 2009 // Standard & Poor’s Ratings Services has assigned its ‘AA-‘ counterparty credit and financial strength ratings to Philadelphia Indemnity Insurance Co. and its sister company, Philadelphia Insurance Co....
Ratings: RSA (Ireland), Mondial, Tokio Marine (Guam), Ballantyne Re (Notes), Wuerttembergische
Jan 7 2009 // Standard & Poor’s Ratings Services has assigned its ‘A-‘ insurer financial strength and counterparty credit ratings to Ireland-based insurer RSA Insurance Ireland Ltd. with a stable outlook....
Report Japan Insurers Mitsui, Aioi and Nissay in Merger Talks
Dec 29 2008 // Japan’s Mitsui Sumitomo Insurance Group Holdings Inc, Aioi Insurance Co and Nissay Dowa General Insurance Co are in talks to merge, a company source said, in a move that would create the country’s largest...
Ratings Recap: Phila. Consolid., AmCOMP, Medical Savings, Hospitals
Dec 8 2008 // A.M. Best Co. has withdrawn and assigned an “nr” to the issuer credit rating (ICR) of “a-” of Pennsylvania-based Philadelphia Consolidated Holding Corp. as a result of the recently completed...
Business Moves
Nov 30 2008 // Arthur J. Gallagher The HR Group International insurance broker Arthur J. Gallagher & Co. reported it has acquired The HR Group, LLC of Brentwood, Tennessee. Terms of the transaction were not disclosed. The HR Group...
Business Moves
Nov 30 2008 // Brown & Brown, Conner Strong Florida- based Brown & Brown Inc. said it has agreed to acquire the small business insurance unit of Conner Strong Companies, Inc., which is headquartered in Cherry Hill, New Jersey....
Japan Approves Tokio Marine Acquisition of Philadelphia Insurance
Nov 21 2008 // Philadelphia Consolidated Holding Corp. reported that the Financial Services Agency of Japan has approved its acquisition by Tokio Marine Holdings, Inc. Tokio Marine is acquirinsg all outstanding shares of the insurer for...
Commercial P/C Insurers’ Stocks Down 14%; M&A Activity at Historic Highs
Nov 2 2008 // Stock Prices: The turbulent stock market is not sparing commercial property/casualty insurers. Through the first nine months of the year stocks are down 14 percent in the sector. M&A Activity: Despite the current...
Pennsylvania Approves Tokio Marine Takeover of Philadelphia Insurance
Oct 6 2008 // Philadelphia Consolidated Holding Corp. reports that Tokio Marine Holdings, Inc. received approval of its proposed acquisition of control of Philadelphia Consolidated from the Pennsylvania Insurance Department. As...
First Insurance Co. of Hawaii Lowers First Select Homeowners Rates 8.5%
Sep 1 2008 // First Insurance Company of Hawaii has lowered the homeowners insurance rates in its First Select Portfolio — a package policy that combines homeowners, personal auto and personal umbrella insurance — by an average of...
Ratings Roundup: York Fire, Tokio Millennium Re, BF&M Limited
Aug 29 2008 // A.M. Best Co. has placed the financial strength rating (FSR) of ‘B’ (Fair) and issuer credit rating (ICR) of “bb” of Ontario-based York Fire & Casualty Insurance Company under review with...
First Insurance Co. of Hawaii Lowers First Select Homeowners Rates 8.5%
Aug 22 2008 // First Insurance Company of Hawaii has lowered the homeowners insurance rates in its First Select Portfolio — a package policy that combines homeowners, personal auto and personal umbrella insurance — by an...
Ratings Roundup Philadelphia Consolidated, PURE
Aug 11 2008 // A.M. Best Co. has commented that the issuer credit rating (ICR) of “a-” of Philadelphia Consolidated Holding Corp. of Bala Cynwyd, PA is unchanged as a result of the recent announcement that Japan’s Tokio...
Best Affirms Tokio Marine/Nichido Fire ‘A++’ Ratings
Aug 7 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and the issuer credit rating (ICR) of “aa+” of Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF) with a...
