Japan-based Tokio Marine & Nichido has unveiled plans to write global commercial business in London.
Under its global expansion strategy the company said it would restructure its group company European Nichido Insurance, which is authorised by the FSA.
European Nichido Insurance will be renamed Tokio Marine Global (TMG). It is aiming to begin writing business from 2005 with an increased capital backing of £125m, subject to FSA approval.
According to the business plan, TMG expects net premium income of £110m in the second year of operation.
TMG said it would have a parental guarantee and it is to aim for the same Standard & Poor's ‘AA-‘ credit rating as its parent company.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
