Tokio Marine Insurance (Thailand) PCL. announced the acquisition of IAG’s business in Thailand by Tokio Marine Holdings

(19-06-18), Tokio Marine Holdings, Inc. announced that Tokio Marine & Nichido Fire Insurance Co., Ltd. announced that it has entered into a definitive agreement to acquire Thailand and Indonesia insurance businesses of Insurance Australia Group Limited (“IAG”) which predominantly comprises of Safety Insurance Public Company Limited (“Safety”) in Thailand. The total consideration is approximately 525 Million Australian Dollars (approximately 13 Billion Baht).

Henceforward, Tokio Marine Insurance (Thailand) PCL shall follow the announcement and the proper procedure would be determined by concerned parties accordingly. We will continue to provide the best products and services for Thai customers and our business partners and keep moving forward followed by the vision ‘To Be a Good Company’.

Source: Press Release

News Detail

Posted

June 19, 2018

Company

General Insurance

Type of News

News Release

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