Hints and tips:
...It also says that Tokio Marine failed to ensure that BCC provided “complete and accurate information” to IAG on the policies provided to Greensill....
...Meanwhile, Japanese insurer Tokio Marine said the insurance policies at the heart of the collapse may not have been valid in the first place, and Insurance Australia Group said it had no “net insurance exposure...
...Tokio Marine Kiln took in gross premiums of £1.4bn across three syndicates in 2018. Its chief executive, Charles Franks, sits on the Lloyd’s franchise board, one of the bodies that governs the market....
...It will also give The Hartford a presence at Lloyd’s of London, where Navigators has a syndicate....
...Tokio Marine Asset Management has said it could oppose the appointments of outside directors that have been in office for more than 10 years....
...While Mr Karasawa’s company was absorbing Amiln, Tokio Marine paid $7.5bn for HCC in the US last year while Sompo Holdings agreed to acquire Bermuda-based rival Endurance Specialty Holdings for $6.3bn last...
...Back then Ace bought Chubb, Tokio Marine bought HCC and Mitsui Sumitomo bought Amlin....
...Last year Mitsui Sumitomo bought UK-listed Amlin (a target that Sompo also coveted) for $5.3bn, while Tokio Marine paid $7.5bn for HCC in the US....
...“When celebrities are linked with products, you’d expect a [positive] impact on sales,” argues Tom Hoad, head of innovation at insurance group Tokio Marine Kiln....
...Brokers said that Thursday’s trading in Tokio Marine shares was nevertheless likely to be volatile....
...As well as Mitsui/Amlin, there have been deals (or potential deals) involving Ace and Chubb; Brit and Fairfax; XL and Catlin; and HCC Insurance and Tokio Marine....
...Bankers say Japanese insurers — including Mitsui Sumitomo, Sompo and Tokio Marine — are another big source of interest for western insurance businesses as they seek to expand overseas....
...Active fixed income managers could also lose out, including ManuLife, Pimco, Prudential Investment Management, Tokio Marine and Diam....
...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....
...About three-quarters of Brit’s operation is “speciality” business – a diverse mix, from commercial property and marine insurance to event cancellation and fine art – and the remainder reinsurance....
...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...
...In the wake of the riots in China, Japanese insurance companies, including Tokio Marine and Nichido Fire Insurance, said last week they had stopped writing new contracts for insurance against damage to shops...
...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...
...NKSJ, Tokio Marine and MS&AD posted combined net losses of nearly Y400bn ($5.2bn) in the nine months to December, most of it due to Thai flood-related claims, and expect flood-related losses to widen for...
...Given the disappointing domestic outlook Tokio Marine has been aggressively building its overseas operations through acquisitions....
...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....
...A number of Bermudan reinsurers have acquired Lloyd’s insurers, while last month Tokio Marine and Nichido Fire acquired Kiln, a Lloyd’s insurer, for £442m....
...Kiln, managing agency for four Lloyd’s market syndicates, which reports next week, said the return on capacity of its flagship syndicate 510 for the 2004 year of account was 10.3 per cent against a forecast...
...Chaucer said it had completed the purchase of the remaining unaligned capacity on Syndicate 1084, which underwrites marine, non-marine and motor insurance, for £2m....
...Marine and Fire Insurance Co., part of Japan’s Millea Holdings Inc. 766.T>; Twin City Fire Insurance Co., a unit of Hartford Financial Services Group Inc....
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