August 5, 2011
Tokio Marine Holdings, Inc.
2-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo
TSE code number: 8766.
Opening of a Branch Office in Jiangsu of our Chinese Subsidiary
Tokio Marine Holdings, Inc. (President: Shuzo Sumi) has the pleasure of announcing the opening of its Jiangsu Branch, the third branch in China of The Tokio Marine & Nichido Fire Insurance Company (China) Limited, a group member of Tokio Marine Holdings, Inc., with effect from August 8, 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.
We open the third branch on August 8, the Jiangsu Branch, after having obtained approval for commencing operations in all of Jiangsu province from the China Insurance Regulatory Commission for the establishment of the above-mentioned branch on July 19, 2011. After the new branch is established, we will be able to provide quicker and higher quality services from the locally-based office, as well as offer direct underwriting services to our customers in Jiangsu province.
Along with underwriting various kinds of insurance that fulfill our customers' requests, the Chinese subsidiary is prepared to offer diverse risk management services conforming with various risks and regulations specific to China. It has steadily expanded its operations and is the largest Japanese P&C insurance company in China at present, standing among the top foreign P&C insurance companies operating in the country.
The newly-formed Jiangsu Branch is dedicated to providing high quality products and services, and will strive 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 The Tokio Marine & Nichido Fire Insurance Company (China) Limited Jiangsu Branch
Overview of The Tokio Marine & Nichido Fire Insurance Company (China) Limited
Download Text (PDF) 50.5 KB