Tokio Marine America is expanding its ocean marine offering to include hull and liability insurance. Plans call for doing this by partnering with Continental Underwriters, a managing general agency for Tokio Marine HCC, TMA’s sister company.
Tokio Marine America, or TMA, is a commercial property and casualty insurer to large and middle-market companies and a subsidiary of Tokio Marine Holdings,
TMA’s hull and liability policies will be written on Tokio Marine HCC admitted paper. According to the company, the joint effort reflects TMA’s growth strategy to work with other Tokio Marine U.S. subsidiaries. TMA’s recent rebranding to Tokio Marine America from Tokio Marine Management is also part of this strategy.
TMA’s Ocean Marine product offers brokers a broad range of commercial marine coverages including hull & machinery, maritime employer’s liability, protection & indemnity and marine liabilities including but not limited to marine general liability.
Tokio Marine America (TMA) is the new brand and marketing name for Tokio Marine America Insurance Company (TMAIC), Trans Pacific Insurance Company (TPI), and TNUS Insurance Company (TNUS).
Continental Underwriters is a provider of primary and excess marine insurance for hull and maritime liability coverages (P&I) for vessel owners, ship builders, terminal operators, fleet operators, stevedores, cargo handlers, marine contractors and a variety of other maritime insurance products. CU provides underwriting, claims management, and loss control assistance for its maritime clients.
Source: Tokio Marine America