Tokio Marine Group News

Tokio Marine Uses Tractable’s Artificial Intelligence Solution for Auto Claims in Japan

Tokio Marine, the Tokyo-based property and casualty insurer, will use an artificial intelligence (AI) solution to process auto damage across its insurance operations in Japan, accelerating claims processing for policyholders. The AI solution, created by technology company Tractable, uses computer …

Tokio Marine to Buy High Net Worth Insurer Pure for $3.1 Billion

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 will acquire 100% of Privilege Underwriters Inc.’s …

Japanese Typhoons Put Downward Pressure on Creditworthiness of Insurers: S&P

The recent run of large natural disasters to hit Japan likely has put downward pressure on the creditworthiness of the nation’s three largest non-life insurance groups, according to S&P Global Ratings in a market briefing. Following July’s heavy rains, Typhoon …

Ruoff Appointed Chief Executive Officer of Tokio Millennium Re

Stephan Ruoff has been appointed chief executive officer of Tokio Millennium Re AG (TMR), a Zurich-based subsidiary of Tokio Marine & Nichido Fire Insurance Co. Ltd. Ruoff has worked with TMR, a global multi-line reinsurer fully backed by the Tokio …