Seeds of Greensill Capital’s Swift Fall Triggered When Credit Insurer Balked at Renewal March 3, 2021 By Lucca de Paoli and Nabila Ahmed The seeds for the rapid disintegration of Lex Greensill’s empire were sown eight months ago, when a little-known Australian insurer...
Harkins Retiring as Reinsurance Leader at Safety National Re; King Named Successor July 7, 2020 Ray Harkins will retire as executive vice president and chief underwriting officer, Reinsurance, at St. Louis, Missouri-based Safety National Re....
Tokio Marine to Pay US$374M for Insurance Joint Venture with Brazil’s Caixa Bank January 7, 2020 Tokio Marine Holdings Inc. announced it will pay 1.52 billion reais (US$374 million) to form a joint venture to sell...
Japan’s Largest Insurers Take Another Hit from Typhoon Losses November 19, 2019 By Takahiko Wada A string of powerful typhoons that struck Japan has left scars on the country’s non-life insurers, with industry giants likely...
Japan Insurers Eye China Acquisitions in Continuation of Overseas Deal Spree February 4, 2019 By Sumeet Chatterjee and Taiga Uranaka Japanese insurance companies have spent more than $50 billion on acquisitions over the past five years to become the world’s...
Tokio Marine’s Sale of Reinsurance Units to Boost Operational Efficiency: Fitch November 16, 2018 Tokio Marine Holdings Inc.’s (TMHD) sale of two European reinsurance subsidiaries is likely to streamline its holdings and boost operational...
Tokio Marine Buys Minority Stake in S. Africa Insurer Hollard for African Foothold September 7, 2018 By Loni Prinsloo Japanese insurer Tokio Marine Holdings Inc. agreed to buy a minority stake in South Africa’s Hollard Insurance Co. Ltd. to...
Tokio Marine Names Barn from Munich Re as Global Head of Cyber Risk September 4, 2018 Leading international insurance group Tokio Marine Holdings (TMH) has appointed Daljitt Barn to the newly created post of global head...
Metromile Secures $90M in Financing Led by Tokio Marine, Others July 24, 2018 By Don Jergler San Francisco, Calif.-based startup Metromile Inc. on Tuesday announced $90 million in Series E funding co-led by leading insurance companies...
Tokio Marine to Acquire Thai, Indonesian Operations of IAG for $390M June 20, 2018 Tokio Marine Holdings Inc. announced on June 19 it has entered into a definitive agreement to acquire Thailand and Indonesia...