Hints and tips:
...Elsewhere, AP Moller-Maersk, the Danish shipping group, is using it in marine insurance contracts and some of Europe’s biggest banks, including HSBC and Deutsche Bank, in cross-border trade finance....
...“Business is staying within countries and regions, and it is not something we are connecting with,” said Steve Hearn, chief executive of London-based insurance broker Ed. “330 years ago marine insurance...
...Unions at leading insurers such as Tokio Marine and Sompo Japan, which have also been hit because negative rates make it harder to generate a return on their bond portfolios, have also decided not to request...
...But NKSJ has the smallest overseas operations among the three Japanese P&C majors, which include Tokio Marine and MS&AD Insurance, according to JPMorgan....
...The losses were spread throughout the market although a syndicate managed by Kiln, which is owned by Japanese general insurer Tokio Marine, took one of the biggest hits with estimated claims of about $700m...
...Bankers and industry executives linked to the market have long expected a Chinese investment at Lloyd’s with some talking up the chances of a large Chinese group buying a business there, much as Tokio Marine...
...Axa and SulAmerica declined to comment and Japan’s Tokio Marine could not be reached for comment....
...French insurer Axa and Japan’s Tokio Marine have so far emerged as the top bidders for ING’s 36 per cent stake in SulAmerica, Brazil’s biggest standalone insurance group, said one of the people....
...trading in Europe....
...BAE Systems dropped 4.2 per cent to 341p after in-line results from the defence group came without the share buyback programme some investors had been expecting....
...T&D Holdings, the life insurance company, fell 2.5 per cent to Y2,725 and Tokio Marine Insurance, Japan’s largest non-life insurer, dropped 3.2 per cent to Y2,720....
...Insurance companies followed the banks’ lead. Mitsui Sumitomo Insurance Group dropped 1.1 per cent to Y2,585 and Tokio Marine fell was 0.4 per cent lower at Y2,560....
...Defence contractors BAE Systems and Cobham led the blue-chip risers....
...Tokio Marine Holdings fell for a second day after it said it expects profit for the year to be Y42bn instead of its previous forecast of Y150bn. Shares dropped a further 15.3 per cent to Y2,220....
...Tokio Marine and Nichido, Japan’s leading non-life insurance company, has spent more than $5.5bn to acquire Kiln, one of the largest agencies trading in the Lloyds insurance market, and Philadelphia, a US...
...That helps to explain why Tokio, the industry leader, this year splashed out $4.7bn to acquire Philadelphia, a specialised insurance group in the US, and £442m ($726m, €564m) to acquire Kiln, the Lloyd’s...
...An unusual bit of activity from Japan’s rather quiet insurance sector with the acquisition, announced Friday, by Tokio Marine & Nichido Fire Insurance, Japan’s biggest non-life insurer, of Kiln, a Lloyds...
...Tokio Marine and Nichido Fire, Japan’s largest non-life insurer, has agreed to pay £442m for Kiln, the Lloyds insurance group, in the largest overseas acquisition by a Japanese insurance group....
...Holliday Jr., Chairman and CEO, DuPont, USA Kunio Ishihara, Member of the Board, President, Tokio Marine & Nichido Fire Insurance Co....
...But on the credit side, Tokio Marine had identified a gap in supply....
...It outsourced its entire IT system to IBM in a contract worth $750m over eight years....
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