Company: Tokio Marine & Nichido Fire Page 1 / 1
-
- March 14 2024
Tokio Marine sets decarbonisation goal for 60 emission-heavy companies
Companies that fail to set up decarbonisation plans by 2030 will be cut off from its insurance underwriting, investment and financing, the Japanese insurance group said.
-
- February 26 2024
Tokio Marine’s underwriting profitability to recover: Fitch
The rating agency has affirmed Tokio Marine & Nichido Fire Insurance's rating at "AA-" with a stable outlook on higher property and motor premiums, despite a COR at 103%.
-
- February 13 2024
FSA orders Japan big four carriers to step up cross-holdings divestment: report
- Casualty
- Japan
- Aioi Nissay Dowa Insurance
- Mitsui Sumitomo Insurance
- MS&AD
- Sompo
- Tokio Marine & Nichido Fire
The four major non-life players at the centre of the price-fixing scandal must speed up unwinding their cross-shareholdings as the regulator tightens it scrutiny, Nikkei Asia reported.
-
- January 18 2024
Tokio Marine fully exits Saudi Arabian business
Tokio Marine & Nichido Fire Insurance has agreed to sell its remaining stake of Arabian Shield Cooperative Insurance to Alinma Bank.
-
- December 22 2023
FSA to issue business improvement orders to Japan’s big four for price-fixing: report
- Legal/Regulatory
- Japan
- Aioi Nissay Dowa Insurance
- Mitsui Sumitomo Insurance
- Sompo
- Tokio Marine & Nichido Fire
The regulator has determined that there were deficiencies in the company's internal control system, including rampant transactions that could potentially constitute cartels.
-
- December 22 2023
Tokio Marine board shake up will see new group chairman and CEO for Japan non-life arm
Hiroaki Shirota will take over as CEO of Tokio Marine & Nichido Fire from April 1 as current chief executive Shinichi Hirose is set to become chairman of the board of directors with Satoru Komiya stepping down.
-
- November 29 2023
Siddhartha Medappa returns to Zurich as APAC head of risk
Sydney-based Medappa joins from Tokio Marine, where he was chief underwriting and reinsurance officer.
-
- September 28 2023
Tokio Marine domestic fire lines to benefit from rate hikes, says AM Best while affirming its ratings
Double-digit growth in premiums and profits from US operations boost the Japanese carrier's international business despite Taiwan Covid-19 losses.
-
- September 19 2023
FSA searches Sompo Japan premises over Bigmotor probe: report
The inspection is to determine the extent to which the insurer was aware of Bigmotor's fraudulent activity.
