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Marine insurance traditionally formed the majority of business underwritten at Lloyd's. Nowadays, Marine insurance is often grouped with Aviation and Transit (cargo) risks, and in this form is known by the acronym 'MAT'. It is common for marine insurance agencies to compete with the offerings provided by local insurers.
Tokio Marine Holdings, Inc. [2], is a multinational insurance holding company headquartered in Tokyo, Japan. It is the largest property / casualty insurance group in Japan in terms of revenue and is the parent company for the Tokio Marine Group which employs 39,000 [ 3 ] people in 38 countries worldwide.
Protection and indemnity insurance, more commonly known as P&I insurance, is a form of mutual maritime insurance provided by a P&I club. [1] Whereas a marine insurance company provides "hull and machinery" cover for shipowners, and cargo cover for cargo owners, a P&I club provides cover for open-ended risks that traditional insurers are reluctant to insure.
While Gard today retains its Norwegian identity, it has become a global P&I club, where less than 14% of the current entered tonnage is domiciled in Norway. Gard purchased the If's marine and energy book in October 2003. In 2025 Gard completed the purchase of Codan's marine and energy portfolio, and established 2 offices in Denmark.
Aviation was the first line of insurance provided by Tokio Marine HCC. The company's insurance for aviation includes liability, cargo, and war. HCC Aviation insures approximately 45,000 aircraft in the United States and more than 60 countries worldwide. [8] Avemco Insurance Company was a stand-alone NYSE company acquired by Tokio Marine HCC in ...
"General Insurance Japan"), formerly known as Sompo Japan Nipponkoa Insurance, Inc. (損害保険ジャパン日本興亜株式会社, Songai Hoken Japan Nihonkoa), is a Japanese insurance company. It is the second-largest property insurance company in Japan only behind Tokio Marine , with market share of 19.3% in 2007. [ 3 ]
British & Foreign Marine had long had difficulty in growing the business of the London office and in 1890 it received an approach from Universal Marine Insurance. This was a leading London insurance company, established for thirty years and chaired by Sir John Lubbock. The next year, British & Foreign Marine bought Universal Marine and merged ...
Ankuk Fire & Marine Insurance Co., Ltd. was founded in June 1956 by large shareholders of Josun Life Insurance, the first insurer in Korea. Considering adverse conditions of insurance business back then, Ankuk Fire & Marine Insurance appointed media mogul Jang Gi-young, who was the owner of the Hankuk Ilbo Daily and served as the Deputy Governor of the Bank of Korea.