Latest Tokiomarinegroup Headlines
All the headlines from our Tokiomarinegroup Topic Page, ordered by recency.
Business Moves
Nov 30 2008 // Brown & Brown, Conner Strong Florida- based Brown & Brown Inc. said it has agreed to acquire the small business insurance unit of Conner Strong Companies, Inc., which is headquartered in Cherry Hill, New Jersey....
Japan Approves Tokio Marine Acquisition of Philadelphia Insurance
Nov 21 2008 // Philadelphia Consolidated Holding Corp. reported that the Financial Services Agency of Japan has approved its acquisition by Tokio Marine Holdings, Inc. Tokio Marine is acquirinsg all outstanding shares of the insurer for...
Commercial P/C Insurers’ Stocks Down 14%; M&A Activity at Historic Highs
Nov 2 2008 // Stock Prices: The turbulent stock market is not sparing commercial property/casualty insurers. Through the first nine months of the year stocks are down 14 percent in the sector. M&A Activity: Despite the current...
Pennsylvania Approves Tokio Marine Takeover of Philadelphia Insurance
Oct 6 2008 // Philadelphia Consolidated Holding Corp. reports that Tokio Marine Holdings, Inc. received approval of its proposed acquisition of control of Philadelphia Consolidated from the Pennsylvania Insurance Department. As...
First Insurance Co. of Hawaii Lowers First Select Homeowners Rates 8.5%
Sep 1 2008 // First Insurance Company of Hawaii has lowered the homeowners insurance rates in its First Select Portfolio — a package policy that combines homeowners, personal auto and personal umbrella insurance — by an average of...
Ratings Roundup: York Fire, Tokio Millennium Re, BF&M Limited
Aug 29 2008 // A.M. Best Co. has placed the financial strength rating (FSR) of ‘B’ (Fair) and issuer credit rating (ICR) of “bb” of Ontario-based York Fire & Casualty Insurance Company under review with...
First Insurance Co. of Hawaii Lowers First Select Homeowners Rates 8.5%
Aug 22 2008 // First Insurance Company of Hawaii has lowered the homeowners insurance rates in its First Select Portfolio — a package policy that combines homeowners, personal auto and personal umbrella insurance — by an...
Ratings Roundup Philadelphia Consolidated, PURE
Aug 11 2008 // A.M. Best Co. has commented that the issuer credit rating (ICR) of “a-” of Philadelphia Consolidated Holding Corp. of Bala Cynwyd, PA is unchanged as a result of the recent announcement that Japan’s Tokio...
Best Affirms Tokio Marine/Nichido Fire ‘A++’ Ratings
Aug 7 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and the issuer credit rating (ICR) of “aa+” of Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF) with a...
Tokio Millennium Re to Use AIR’s U.S. Crop Model
Aug 5 2008 // AIR Worldwide Corporation announced that Bermuda-based reinsurer Tokio Millennium Re Ltd. has licensed the use of AIR’s Multiple Peril Crop Insurance (MPCI) model for use in AIR’s CATRADER® system, which...
Business Moves
Aug 4 2008 // Tokio Marine, Philadelphia Insurance Japan’s Tokio Marine Holdings, Inc. has agreed to acquire Philadelphia Consolidated, a U.S. property/casualty insurance company offering specialty commercial property and casualty...
Business Moves
Aug 4 2008 // Tokio Marine, Philadelphia Insurance Japan’s Tokio Marine Holdings, Inc. has agreed to acquire Philadelphia Consolidated, a U.S. property/casualty insurance company offering specialty commercial property and casualty...
Tokio Marine to Acquire Philadelphia Insurance for $4.7 Billion
Jul 23 2008 // Japan’s Tokio Marine Holdings, Inc. reported that it has agreed to acquire all outstanding shares of Philadelphia Consolidated, a U.S. property/casualty insurance company offering specialty commercial property and...
Safety National Casualty Corp. Provides Workers’ Comp for Automobile Dealers
Jul 21 2008 // The board of directors of the Preferred Automobile Dealers Self Insurance Program Inc. (PADSIP) placed its members’ specific excess workers’ compensation and employers’ liability reinsurance with Safety...
Tokio Marine Seeks U.S., Europe Acquisitions
Jul 1 2008 // Tokio Marine Holdings Inc. Japan’s largest non-life insurer, is looking at opportunities to acquire U.S. and European competitors as part of its overseas growth strategy, Chief Executive Shuzo Sumi said on...
Ratings Recap: Allied World, Tokio Marine (Singapore), Al Fajer
Jul 1 2008 // A.M. Best Co. has commented that the ratings of Bermuda-based Allied World Assurance Company Holdings, Ltd. and its subsidiaries remain unchanged following the recent announcement that the company has entered into a...
Philadelphia Cos. Launches New Apartment Product
Jun 13 2008 // Philadelphia Insurance Companies launched a a new niche product niche for apartments. PHLY’s new apartment product offers comprehensive coverage for general liability, property, crime, automobile and umbrella. The...
PHLY Launches Coverage for Substance Abuse Rehab Facilities
Jun 9 2008 // Philadelphia Insurance Companies (PHLY) has introduced a new coverage product aimed at substance abuse rehabilitation facilities. The product covers general and professional liability, automobile and property for...
PHLY Launches Coverage for Home Health Care Agencies
Jun 3 2008 // Philadelphia Consolidated Holding Corp. (PHLY) has launched a new line of insurance products aimed at home health care and hospice services. The new line offers general liability, professional liability, property,...
Safety National Appoints Bush New Senior Vice President
May 20 2008 // Stephanie Bush, a financial services and insurance industry veteran with more than 20 years experience, has joined Safety National Casualty Corp. of St. Louis as senior vice president, Market Research and Product...
