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 insurance to targeted markets. The total transaction value is approximately $4.7 billion. It is …
Max Capital Group Ltd. reports it has agreed to acquire Imagine Group (UK) Limited, a Lloyd’s insurance operation, from Imagine Insurance Co. Limited (“Imagine”). The agreement also includes the acquisition of Imagine Lloyd’s operations in Denmark and Japan. The total …
An accelerating U.S. consumer shift from sport utility vehicles and pickups to more fuel-efficient cars should reduce rollover, but safety experts worry a lighter fleet poses serious risks despite air bags, anti-collision systems and other advances. “Shifting to smaller vehicles …
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 casualty insurance to targeted markets. The total transaction value is approximately $4.7 …
A strong earthquake with a magnitude 6.1 earthquake struck off the northern Japanese coast Monday, but there was no danger of a tsunami, the nation’s weather agency said. The quake occurred at 8:30 p.m., about 20 miles below the ocean’s …
World Trade Organization mediators in Geneva put the final touches to new negotiating texts on Thursday that will serve as the blueprint for an outline deal in the WTO’s long-running Doha round, trade officials said. The chairmen of talks in …
Hint: Learn Before You Go The ancient expression “When in Rome, do as the Romans do” is used to warn friends and colleagues to respect and adapt to the culture of places that they visit. In the insurance industry, that …
Hint: Learn Before You Go The ancient expression “When in Rome, do as the Romans do” is used to warn friends and colleagues to respect and adapt to the culture of places that they visit. In the insurance industry, that …
A Glimpse into Japan’s Property and Casualty Market The Japanese property and casualty insurance market is ripe for opportunities, but there also are significant risks in the country, according to Keiji Fukasawa of Finrex Japan and Rie Hidaka of Swiss …
A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating of “a+” to Bermuda-based MS Frontier Reinsurance Ltd. (MS Frontier) with stable outlooks. MS Frontier is a wholly owned subsidiary of Mitsui Sumitomo …
