Latest Tokiomarinegroup Headlines
All the headlines from our Tokiomarinegroup Topic Page, ordered by recency.
Tokio Marine Eyed PURE for Years. Yankees-Red Sox Finally Brought Them Together.
Oct 4 2019 // PURE Group, the high-net-worth insurer set to be acquired by Tokio Marine Holdings Inc., had been on the Japanese company’s radar for more than a decade. After PURE was created in 2006, Tokio Marine tried to set up a...
Tokio Marine to Buy High Net Worth Insurer Pure for $3.1 Billion
Oct 3 2019 // Tokio Marine Holdings Inc. has agreed to buy U.S. high net worth insurer Privilege Underwriters Inc. and its specialty insurance subsidiaries, known as Pure Group, for $3.1 billion (approximately JPY 325.5B). Tokio Marine...
Tokio Marine Kiln Announces Leadership Changes, Including New CEO Irick
Sep 13 2019 // Tokio Marine Kiln (TMK) announced that after 11 years as chief executive officer, Charles Franks is assuming new responsibilities within the Tokio Marine Group (TMG). He will be succeeded by Brad Irick as CEO of TMK from...
Tokio Marine Joins Singapore Insurtech Program
Aug 19 2019 // Japanese property/casualty insurer Tokio Marine Holdings announced a partnership with Plug and Play’s Insurtech program in Singapore. With this new partnership in Singapore, Tokio Marine will now have access to Plug...
Tokio Marine Puts UK Insurer into Run-Off, Now Focusing on Lloyd’s Business
Jun 25 2019 // Tokio Marine Group is putting one of its UK insurance companies, Tokio Marine Kiln Insurance (TMKI), into run-off. Going forward, Tokio Marine Kiln (TMK) will focus on its Lloyd’s businesses. The run-off plan will be...
Tokio Marine Looking for Insurance Acquisitions in Asia, Other Markets
Jun 25 2019 // Tokio Marine Holdings Inc. is seeking acquisition opportunities in Asian emerging markets and elsewhere as it seeks to double profits from those regions, according to the new chief of Japan’s largest...
Tokio Marine’s ProAg to Acquire AmTrust Financial’s Crop Insurance MGA
Apr 22 2019 // Producers Ag Insurance Group Inc. has agreed to acquire Leawood, Kan.-based managing general agent AmTrust Agriculture Insurance Services. The deal, which is subject to regulatory approvals, is expected to close by May 1....
Synergy Professional Associates Expands Lawyers PL Program to 3 New States
Apr 15 2019 // Synergy Professional Associates, in partnership with Tokio Marine HCC – Professional Lines Group, has expanded its lawyers professional liability programs focusing on small law firms into Colorado, Florida and New...
Business Moves
Apr 15 2019 // National NSM, Embrace Pet Insurance Program specialist NSM Insurance Group has acquired Embrace Pet Insurance, a Cleveland-based national provider of pet health insurance for dogs and cats. Embrace offers an accident and...
AM Best Downgrades Ratings of Tokio Marine GRV Re in Oklahoma City
Apr 7 2019 // AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A++ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” from “aa+” of Tokio Marine GRV Re Inc....
Tokio Marine Kiln Names Curran as Head of Reinsurance, Succeeding Huckstepp
Apr 3 2019 // Tokio Marine Kiln (TMK) announced the appointment of Will Curran as the new head of reinsurance, effective April 1, 2019. Curran succeeds David Huckstepp who is leaving TMK on a planned break from the sector. Curran began...
Synergy Professional Associates Expands Lawyers PL Program to 3 New States
Apr 3 2019 // Synergy Professional Associates, in partnership with Tokio Marine HCC – Professional Lines Group, has expanded its lawyers professional liability programs focusing on small law firms into Colorado, Florida and New...
Tokio Marine HCC Acquires Cyber Specialist NAS in California
Apr 1 2019 // Tokio Marine HCC has acquired in Encino, Calif.-based NAS Insurance Services LLC. Terms of the deal were not disclosed. The acquisition of NAS represents the continuance of a partnership between NAS and the Tokio Marine...
People
Apr 1 2019 // National Ironshore Specialty Casualty has appointed Casey Hartley as senior vice president and head of programs. She will oversee the development, marketing and distribution of programs lines, working with programs...
Tokio Marine HCC Names Skarinka President, Public Risk Group
Mar 27 2019 // Houston-based Tokio Marine HCC has promoted Christopher Skarinka, chief operating officer for its Professional Lines and Public Risk Groups, to president of the Public Risk Group, effective April 1. He succeeds Thomas...
RenaissanceRe Completes $1.5B Acquisition of Tokio Millennium Re
Mar 25 2019 // RenaissanceRe Holdings Ltd. announced it has concluded its acquisition of Tokio Marine Holdings’ reinsurance platform for $1.5 billion in cash and RenaissanceRe common shares. The acquisition of Tokio Millennium Re...
RenaissanceRe Gets Regulatory Nod to Proceed with Tokio Millennium Re Purchase
Mar 13 2019 // RenaissanceRe Holdings Ltd. announced it has received all regulatory approvals required in connection with its planned acquisition of Tokio Marine Holdings’ reinsurance platform. The deal was first announced on Oct....
Houston’s Tokio Marine HCC Names Schell as Next President; Burke to Retire
Mar 6 2019 // Houston-based Tokio Marine HCC has named Michael Schell as president effective April 1, 2019, succeeding William Burke who is retiring. Schell currently serves as executive vice president at Tokio Marine HCC. He joined...
Safety National Casualty Makes Underwriting Management Changes
Feb 12 2019 // Safety National Casualty Corp., headquartered in St. Louis, Missouri, has made organizational changes and enhancements to the company’s casualty field underwriting management roles. Steve Cotnoir Dennis Zervos Steve...
Japan Insurers Eye China Acquisitions in Continuation of Overseas Deal Spree
Feb 4 2019 // Japanese insurance companies have spent more than $50 billion on acquisitions over the past five years to become the world’s second-largest buyer of insurance assets, and the deals spree won’t be slowing down...
