Tokio Marine hikes stake in Malayan Insurance
Rosalinda L. Orosa (The Philippine Star) - November 11, 2014 - 12:00am

MANILA, Philippines - Tokio Marine Holdings Inc. has increased its equity stake in Malayan insurance Co. Inc. to a total of 20 percent. Tokio Marine is the leader in Japan’s non-life insurance market, and one of Japan’s oldest general insurers. According to Tokio Marine, the robust Philippine non-life insurance market, which is expected to improve in the coming years, led them to invest with Malayan Insurance. A member of the Yuchengco Group of Companies, Malayan Insurance topped the industry with terms of gross premiums written (GPW) of over P7 billion last year. Tokio Marine is a Global Fortune 500 company that first entered the Philippine market in 1964 through a joint venture company with the Malayan Group of Insurance Companies.

 

GLOBAL FORTUNE INSURANCE MALAYAN MALAYAN GROUP OF INSURANCE COMPANIES MALAYAN INSURANCE MARINE MARKET TOKIO TOKIO MARINE TOKIO MARINE HOLDINGS INC YUCHENGCO GROUP OF COMPANIES
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