Latest Tokiomarinegroup Headlines

All the headlines from our Tokiomarinegroup Topic Page, ordered by recency.

S&P Rates Phila. Indemnity, Phila. Insurance; ‘AA-‘; Outlook Stable

Feb 5 2009 // Standard & Poor’s Ratings Services has assigned its ‘AA-‘ counterparty credit and financial strength ratings to Philadelphia Indemnity Insurance Co. and its sister company, Philadelphia Insurance Co....

Ratings: RSA (Ireland), Mondial, Tokio Marine (Guam), Ballantyne Re (Notes), Wuerttembergische

Jan 7 2009 // Standard & Poor’s Ratings Services has assigned its ‘A-‘ insurer financial strength and counterparty credit ratings to Ireland-based insurer RSA Insurance Ireland Ltd. with a stable outlook....

Report Japan Insurers Mitsui, Aioi and Nissay in Merger Talks

Dec 29 2008 // Japan’s Mitsui Sumitomo Insurance Group Holdings Inc, Aioi Insurance Co and Nissay Dowa General Insurance Co are in talks to merge, a company source said, in a move that would create the country’s largest...

Ratings Recap: Phila. Consolid., AmCOMP, Medical Savings, Hospitals

Dec 8 2008 // A.M. Best Co. has withdrawn and assigned an “nr” to the issuer credit rating (ICR) of “a-” of Pennsylvania-based Philadelphia Consolidated Holding Corp. as a result of the recently completed...

Business Moves

Nov 30 2008 // Arthur J. Gallagher The HR GroupInternational insurance broker Arthur J. Gallagher & Co. reported it has acquired The HR Group, LLC of Brentwood, Tennessee. Terms of the transaction were not disclosed. The HR Group...

Business Moves

Nov 30 2008 // Brown & Brown, Conner StrongFlorida- 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 InsuranceJapan’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 InsuranceJapan’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...