, Japan
176 views
/Edge2Edge Media from Unsplash

Tokio Marine Holdings completes sale of TMPI

Calvo Enterprises was the purchasing entity.

Tokio Marine Holdings announced that it has completed the sale of its Guam-based subsidiary, Tokio Marine Pacific Insurance to Calvo Enterprises.

To recall, last year August, Tokio Marine said the Guam insurer saw $176m in written premiums in 2022 and has been continuously growing its business. 

ALSO READ: Tokio Marine forms new entity for disaster prevention and mitigation solutions

However, to validate capital efficiency improvement and risk diversification efforts, TMPI was put up for sale.

Previously, it also indicated that its affiliated hospital service provided by Tokio Marine & Nichido Fire Insurance will not be affected by this move.

 

Follow the link s for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

7 in 10 Gen Zs doubt health in old age
Prudential emphasised the role of financial planning to manage future healthcare costs.
Insurance
China Re's profitability consistent over five years: AM Best
Under IFRS 17 and IFRS 9, consolidated capital and surplus rose by 4.8% to $14.4b.
Insurance
South Korea’s general insurance sector to hit $33.3b by 2029
Liability insurance, the second-largest segment, is expected to expand by 12.2% in 2024. 
Insurance