Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018
Tokio Marine swings to 9-month loss in Europe, reinsurance
- 14 February 2018
The European and reinsurance units of Tokio Marine fell to a loss for the nine months to 31 December as natural catastrophe losses decimated profits.
The European segment, which includes Tokio Marine Kiln, booked a loss of 22.2bn yen ($206mn) compared to a profit of 10.9bn yen a year ago, due to natural catastrophe and foreign exchange losses.
The reinsurance division, which encompasses Tokio Millennium Re, also fell to a loss of 5.0bn yen for the nine-month period. This compared...
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