Latest Tokiomarinegroup Headlines
All the headlines from our Tokiomarinegroup Topic Page, ordered by recency.
PHLY’s Maguire Buys Renewals of Calif. Agency Targeting Fitness Industry
Feb 16 2007 // Maguire Insurance Agency, Inc., a subsidiary of Philadelphia Consolidated Holding Corp (PHLY), has purchased the renewal rights to the policies issued through the Fitness and Wellness Insurance Agency of Solana Beach,...
Best Lowers Tokio Marine Pacific Ratings
Feb 9 2007 // A.M. Best Co. has downgraded the financial strength rating to “A+” (Superior) from “A++” (Superior) and the issuer credit rating to “aa-” from “aa+” of Guam-based Tokio...
Best Affirms Tokio Marine, Nichido Fire ‘A++’ Rating
May 23 2006 // A.M. Best Co. has affirmed the financial strength rating of “A++” (Superior) and the issuer credit rating of “aa+” of Japan’s Tokio Marine & Nichido Fire Insurance Company Limited (TMNF)...
Millea to Fully Integrate Nisshin Fire
May 22 2006 // In a further move towards consolidation in the Japanese P/C industry, the country’s largest insurance group, Millea Holdings, Inc., announced that it has agreed to fully integrate Nisshin Fire & Marine Insurance...
Tokio Marine to Acquire Majority Stake in Asia General
Apr 20 2006 // Tokio Marine & Nichido Fire Insurance Co., Ltd., subsidiaries of Japan’s largest insurer (by net premiums written), Millea Holdings, Inc., announced that they have reached an agreement with shareholders holding...
Best Affirms Tokio Marine & Nichido Fire ‘A++’ Ratings
Dec 2 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating (FSR) of “A++” (Superior) and assigned an issuer credit rating (ICR) of “aa+” to Japan’s Tokio Marine & Nichido...
Philadelphia Insurance ‘Ironman’ CEO Joins Triathletes for Katrina Relief
Sep 7 2005 // James J. Maguire, Jr., chief executive officer of Philadelphia Insurance Companies, and several other triathletes from the company will compete in the Panama City Beach, Florida Ironman, (2.4 mile swim, 112 mile bike, and...
Tokio Marine to Implement Electronic Data Storage
Aug 18 2005 // A report from Japan’s Kyodo News Agency notes that Tokio Marine & Nichido Fire Insurance Co. plan to electronically store application documents for automobile and other types of insurance contracts, starting...
Safety National Casualty Acquires ERC’s Excess Comp Book
Aug 10 2005 // Safety National Casualty Corporation has acquired renewal rights to the excess workers’ compensation business of Employers Reinsurance Corporation (ERC). The St. Louis, Mo.-based company l will immediately begin...
Report Tokio Marine in Talks to Acquire ABN AMRO’s Brazilian Insurance Unit
Apr 22 2005 // With a saturated and highly competitive home market, Japanese insurers are increasingly looking abroad for opportunities to expand. According to a report from the Japanese business newspaper Nihon Keizai, as reported by...
Philadelphia Insurance Cos., CIGNA Partner on Coverages for P/C Customers
Apr 11 2005 // Philadelphia Insurance Companies and CIGNA have finalized a strategic alliance to offer property/casualty insurance to CIGNA’s Participant Accident customers and Participant Accident coverage to PHLY’s...
S&P Raises Japan’s Nisshin Fire Ratings to ‘BBB+’ After Tokio Marine Buy
Feb 24 2005 // Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and financial strength ratings on Nisshin Fire & Marine Insurance Co. Ltd. to “BBB+” from...
Safety National Casualty Suspends 2 Employees Following Internal Probe of Dealings with Marsh
Jan 4 2005 // Safety National Casualty Corp., an excess workers’ compensation insurer based in Missouri, has suspended two of its employees for past insurance solicitation practices involving Marsh & McLennan. The action came...
S&P Rates Tokio Marine Global (U.K.) ‘AA-‘; Stable
Dec 29 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “AA-” insurer financial strength rating to UK-based Tokio Marine Global Ltd. (TMG) with a stable outlook. “The rating on...
Philadelphia Insurance Cos. Finalizes Deal to Purchase Fireman’s Fund NDO Renewal Rights
Nov 15 2004 // Philadelphia Insurance Companies has finalized an agreement with Fireman’s Fund Insurance Company to purchase the renewal rights on Fireman’s Fund’s non-profit D&O book of business. The agreement is...
S&P Affirms Tokio Marine Europe ‘AA-‘ Rating
Nov 11 2004 // Standard & Poor’s Rating Services announced that it has affirmed it’s “AA-” insurer financial strength rating on London-based Tokio Marine Europe Insurance Ltd. (TMEI), a wholly owned...
S&P Assigns ‘AA-‘ Ratings to Tokio Marine & Nichido Fire Insurance; Outlook Stable
Oct 1 2004 // Standard & Poor’s Ratings Services announced that it has assigned its ‘AA-‘ financial strength and long-term counterparty ratings to Tokio Marine & Nichido Fire Insurance Co. Ltd. with a stable...
S&P Upgrades Nisshin Fire to ‘BBB’; Outlook Positive
Sep 16 2004 // Standard & Poor’s Ratings Services announced that it has raised its financial strength and long-term counterparty ratings on Japan’s Nisshin Fire & Marine Insurance Co. Ltd. to “BBB” from...
Philadelphia Cos. Buys Renewal Rights for Palmer & Cay’s Bowling Program
Sep 7 2004 // Philadelphia Insurance Companies has finalized an agreement with Palmer & Cay Corporation to purchase the renewal rights on Palmer & Cay’s Club 300 Bowling Center program. Philadelphia Insurance Companies...
S&P Raises Outlook, Affirms ratings on Tokio Marine’s Dublin Reinsurer TMGRe
Sep 3 2004 // Accompanying its announcement on TMRe, Standard & Poor’s Ratings Services also noted that it has revised its outlook on Dublin-based reinsurer Tokio Marine Global Re Ltd. (TMGRe) to stable from negative, and...
