Tokio Marine Holdings, Inc.
2-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo
TSE code number: 8766
| Tokio Marine & Nichido Fire Insurance (China) Co., Ltd. (hereinafter called the "Chinese subsidiary"), a group company of Tokio Marine Holdings, Inc. (hereinafter called the "company", President: Shuzo Sumi), obtained preliminary approval from the China Insurance Regulatory and Management Committee of the China Insurance Regulatory Commission for the establishment of its Jiangsu Branch on 28 December, 2010. |
Preparations for its opening are underway, and the Jiangsu branch is scheduled to begin operations sometime in July, 2011.
After reorganizing the former Shanghai branch (the first business organization established by a Japanese insurance company in September, 1994) into a wholly-owned subsidiary in November, 2008, the company subsequently established its Shanghai and Guangdong Branches under the management of the Chinese subsidiary in January, 2009 and July, 2010 respectively.
With the opening of our third branch in China, we will be able to provide quicker and higher quality services from a local-based office, as well as offer direct underwriting services to our customers in the Jiangsu province.
Preparations for the opening of the Jiangsu branch are underway. The branch is scheduled to commence operations in July, 2011 after approval is obtained from the relevant authorities.
Along with underwriting various kinds of insurance that fulfill our customers' requests, the Chinese subsidiary is prepared to offer diverse risk management services in accordance with various risks and regulations specific to China. It has steadily expanded its operations, and at present is the largest Japanese P&C insurance company that stands among the top foreign P&C insurance companies operating in China.
The newly formed Jiangsu branch is dedicated to providing high quality products and services, and strives to further reinforce our company's foundation in the Chinese market.
Moving forward, the company seeks to expand its network of branches in Huabei and other areas. Overview of Tokio Marine & Nichido Fire Insurance (China) Co., Ltd. Jiangsu Branch
1. Name : Tokio Marine & Nichido Fire Insurance (China) Co., Ltd. Jiangsu Branch
2. Location : Suzhou, Jiangsu province
3. Number of Staff (Expected) : Approx. 20
4. Scope of operations : All of Jiangsu province
5. Expected date of commencement : July, 2011