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24.06.25 - 06:24
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INTERVIEW: Tokio Marine to Actively Pursue Acquisitions (Nippon)
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Tokyo, June 24 (Jiji Press)--Tokio Marine Holdings Inc. will actively pursue mergers and acquisitions, Masahiro Koike, new group CEO of the Japanese nonlife insurance company, said in a recent interview. "We will invest money earned from sales for further growth," Koike said, referring to the company's plan to unload all cross-held shares by the end of fiscal 2029. "One of major options" ......
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21.05.25 - 10:06
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All 3 Major Japan Nonlife Insurers Log Record Net Profits (Nippon)
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Tokyo, May 21 (Jiji Press)--All three major Japanese nonlife insurance companies posted record consolidated net profits for the second straight year in fiscal 2024, which ended in March, driven by gains from the sale of cross-held shares, according to their earnings reports. Net profit went up some 1.5 times to 1,055.2 billion yen at Tokio Marine Holdings Inc., about 1.9 times to 691.6 billi......
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15.05.25 - 23:12
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AM Best Affirms Credit Ratings of PT Asuransi Tokio Marine Indonesia (Business Wire)
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SINGAPORE--(BUSINESS WIRE)--#insurance--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of PT Asuransi Tokio Marine Indonesia (TMI) (Indonesia). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect TMI's balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management. In addition, the ratings factor in rating enhancement from Tokio Marine & Nichido Fire Insurance Co., Ltd., which is the main insurance operating entity of Tokio Marine Holdings, Inc. (TMH).
TMI's risk-adjusted capitalisation, as measured by Best's Capital Adequacy Ratio (BCAR), was at the strongest level at year-end 2024, and is expected to remain at this level over the medium term. The company's capital adequacy is sensitive to its exposure to domestic (re)insurance counterparties of lower credit quality. Risk-adjusted capit...
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15.05.25 - 21:12
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AM Best Affirms Credit Ratings of Tokio Marine Canada Ltd. (Business Wire)
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OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Tokio Marine Canada Ltd. (TMC) (Toronto, ON). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect TMC's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).
The very strong balance sheet assessment reflects TMC's strongest level of risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR), as well as ongoing support from its parent, Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF). Additional positive rating factors include the company's financial flexibility, high-quality assets, conservative investment portfolio and reinsurance programs that are placed with highly rated reinsurers. Conversely, AM Best views the execution risks associated with start-up ...
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23.04.25 - 16:39
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AM Best Assigns Credit Ratings to The Tokio Marine and Nichido Fire Insurance Company (China) Limited (Business Wire)
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HONG KONG--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” (Excellent) to The Tokio Marine and Nichido Fire Insurance Company (China) Limited (TMNCH) (China). The outlook assigned to these Credit Ratings (ratings) is stable.
The ratings of TMNCH reflect its balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management (ERM). The ratings also factor in the rating enhancement from its parent, Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF), which is the main insurance operating entity of Tokio Marine Holdings, Inc.
Established in 2008, TMNCH is a small sized, long-standing player in China's non-life insurance markets. The predecessor of TMNCH was TMNF's Shanghai Branch, which was founded in 1994. The company is 100% owned by TMNF, the first Japanese non-life insurance company with operations spanning acro...
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08.04.25 - 21:36
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AM Best Affirms Credit Ratings of Tokio Marine GRV Re, Inc. (Business Wire)
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OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Tokio Marine GRV Re, Inc. (TMGRV Re) (Oklahoma City, OK). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect TMGRV Re's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and very strong enterprise risk management (ERM).
The company serves as an internal reinsurer for the affiliated entities under the Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF) umbrella, and benefits from the group's strong global presence. The ratings also benefit from the explicit support provided to TMGRV Re through a capital maintenance agreement with TMNF, as well as implicit support provided by affiliated entities, which includes the day-to-day management of operations and execution of TMNF's robust ERM program.
This press release relates to Credit ...
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04.04.25 - 21:42
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CAMICO Names John Zissu as its Vice President of Information Technology (Business Wire)
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SAN MATEO, Calif.--(BUSINESS WIRE)--CAMICO, the nation's largest CPA-directed program of insurance and risk management for the accounting profession, announced that John Zissu will join as Vice President of Information Technology on April 7, 2025.
Prior to CAMICO, Zissu served as Vice President – Platform Owner at Everest North America and as Vice President of Technology at Tokio Marine HCC (TMHCC), where he spearheaded projects that significantly improved operational efficiency through modern core, digital, and data systems implementations. Specifically, within the TMHCC consolidation, Zissu worked on miscellaneous professional liability and employment practices implementations, developing highly relevant subject matter expertise for CAMICO.
His expertise in modernizing technology operations includes cloud architecture, cybersecurity, data analytics, and the strategic implementation of Robotic Process Automation (RPA) and Artificial Intelligence (AI).
“John brings 25 years of insurance industry expe...
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28.03.25 - 09:54
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Mitsui Sumitomo Insurance, Aioi Nissay Dowa to Merge (Nippon)
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Tokyo, March 28 (Jiji Press)--Mitsui Sumitomo Insurance Co. and Aioi Nissay Dowa Insurance Co. plan to merge in April 2027, their parent, MS&AD Insurance Group Holdings Inc., said Friday. The merger will create the biggest nonlife insurer in Japan, overtaking current industry leader Tokio Marine & Nichido Fire Insurance Co. The move is aimed at making operations more efficient and boostin......
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24.03.25 - 14:36
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FSA Slaps 4 Major Nonlife Insurers with Biz Improvement Orders (Nippon)
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Tokyo, March 24 (Jiji Press)--Japan's Financial Services Agency issued business improvement orders to four major nonlife insurers on Monday for improperly obtaining information on rivals' customers through their employees on loan to insurance agents. The orders, based on the insurance business law, were issued to Tokio Marine & Nichido Fire Insurance Co., Sompo Japan Insurance Inc., Mitsui ......
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16.01.25 - 17:33
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Symetra Names Christine Carlson Vice President, Stop Loss Claims (Business Wire)
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BELLEVUE, Wash.--(BUSINESS WIRE)--Symetra Life Insurance Company, a stop loss pioneer and industry leader, today announced the appointment of Christine Carlson as vice president, Stop Loss Claims.
Ms. Carlson brings to her new role more than 18 years of leadership experience in managing high-performing teams and driving operational excellence within claims operations, including deep expertise in stop loss, organ transplant claims, cost containment, and quality audits.
Ms. Carlson joins Symetra from Tokio Marine HCC, where, as senior vice president, Claims Operations & Innovation, she managed a $2 billion portfolio. She previously held senior claims positions at Blue Cross and Blue Shield of Minnesota.
“We are delighted to welcome Christine as our new VP of stop loss claims,” said Jeremy Freestone, senior vice president, Stop Loss Business Strategy. “Our stop loss unit is a critical component of the solutions-driven product suite we offer employers looking to effectively manage their healthcare costs...
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