Hints and tips:
...He has already been turned down by 30 entities, including Berkshire Hathaway, Allianz, Munich Re, Swiss Re and Tokio Marine HHC....
...That’s why the company is seeking to buy what it calls “mini-MatchMoves” in markets in central Europe, Latin America and the US, he said....
...The main original insurance policy was written by The Bond & Credit Company, an Australian insurer that was acquired in 2019 by Tokio Marine....
...Japanese insurer Tokio Marine has said the insurance policies at the heart of the Greensill Capital collapse may not have been valid, as investors pressed the company to detail its exposure to the lender...
...Insurance Group, as well as Honolulu-based insurer First Insurance Co of Hawaii (owned by Tokio Marine Holdings Inc.)....
...In a synchronised response, offshore mega-deals by the country’s insurers have continued one after the other, highlighted by the $7.5bn acquisition of HCC by Tokio Marine three years ago....
...The large Japanese insurers such as Sompo, Tokio Marine and Mitsui Sumitomo, active buyers in the past, may look to bulk up and diversify away from their home market....
...Cebile Capital, a private equity placement agent, has hired Steven Westerback as president, head of the Americas....
...year — versus 62 per cent for Tokio Marine and 28 per cent for MS&AD, its closest rivals....
...Silicon Valley may have an image as a haven of libertarianism but some are surprisingly keen on the idea of greater social insurance — such as a “citizen’s” or “basic” income — to be funded by a digital...
...In June, Tokio Marine paid $7.5bn for the speciality insurer HCC Insurance; in February Daiichi Life Insurance bought Protective Life for $5.6bn....
...Tokio Marine is to pay $7.5bn for the US speciality insurer HCC Insurance Holdings in a deal that fuels the Japanese insurance sector’s five-year international grab for drivers of growth....
...A deal was announced each month between June and September by the sector’s biggest players: the largest was the $7.5bn acquisition of HCC by Tokio Marine....
...The logic of growth by purchases overseas has also proved convincing for Japanese insurers: last week, Tokio Marine said it had agreed to buy HCC Insurance of the US for $7.5bn....
...Sompo announced a deal in December 2013 to buy the UK’s Canopius for £600m, while Tokio Marine has made at least three large foreign acquisitions since 2007, including the Y470bn purchase of the Philadelphia...
...It was said that there were probably 20 bank robbers for every doctor in America then, and I was certainly aware of the desperados....
...Scor, the French reinsurer, and Tokio Marine, the Japanese insurer and reinsurer, also took stakes....
...The cornerstone investors are led by AIG on $500m, followed by French insurer Scor and Japan’s Tokio Marine as well as Chinese companies such as State Grid Corporation, gold miner Zijin Mining Group, defence...
...Other insurance companies investing in the deal include China Reinsurance, French reinsurer Scor, Tokio Marine of Japan and Russian Insurance....
...PICC hired 17 bookrunners for the deal – the highest number ever recorded for an IPO – helping it pre-sell around half the shares to cornerstone investors that included Japan’s Tokio Marine and a number...
...“It’s still small but we are very optimistic about the micro-insurance segment,” says Luciano Bezas, a director at Tokio Marine’s Brazil office....
..., which owns 7.5 per cent of the company....
...have hit Tokio Marine’s auto insurance business in particular....
...The acquisition could help Tokio Marine increase the share of its non-Japan earnings from 37 per cent to 46 per cent....
...Axa and SulAmerica declined to comment and Japan’s Tokio Marine could not be reached for comment....
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