Tokio Marine Holdings
Tokio Marine Holdings, Inc. is Japan's oldest insurance company, founded in 1879, and it provides a comprehensive range of life and non-life insurance services both domestically and internationally. The company operates through four main segments: Domestic Property and Casualty Insurance, Domestic Life Insurance, Overseas Insurance, and Finance and Others. Tokio Marine offers a variety of non-life insurance products, including auto, home, travel, and personal accident insurance, alongside life insurance options such as whole life, cancer, and annuity insurance. It has a significant presence in the overseas market, particularly in the United States, where it has expanded through acquisitions of specialty insurers. In addition to its insurance services, Tokio Marine engages in investment advisory, staffing, and facility management services, as well as risk consulting and financial planning. As a result of its extensive operations and strategic acquisitions, Tokio Marine remains a leading player in the global insurance market.
Past deals in Motor Insurance
Hollard Insurance
Corporate Round in 2018
Hollard Insurance is an insurance company based in Johannesburg, South Africa, established in 1980. It offers a diverse range of insurance products, including personal insurance such as life, funeral, car, household, and homeowner's insurance. In addition to these traditional offerings, Hollard provides niche personal insurance solutions and innovative business insurance products. The company operates through two main divisions: the Hollard Insurance Company and Hollard Life Assurance Company. The executive team manages the company's assets, ensuring a focus on delivering dynamic and tailored insurance solutions to meet the needs of its clients.
Metromile
Series E in 2018
Metromile, Inc. is a digital insurance platform based in San Francisco, California, specializing in pay-per-mile car insurance. The company provides real-time, personalized auto insurance policies that cater to the needs of modern drivers, utilizing data science to offer pricing that reflects actual mileage rather than traditional estimates. Metromile's services include the Metromile Pulse, a wireless device that connects to the car's onboard diagnostics port to track mileage, location, and driving behavior. This data collection supports the company's automated claims process and complimentary smart driving features, resulting in average savings of 47% compared to previous insurance costs. Additionally, Metromile licenses its technology platform to insurance companies globally, enabling them to enhance operational efficiency, automate claims, and reduce fraud losses. Originally founded as Fair Auto, Inc. in 2011, the company rebranded to Metromile in 2012.
Asuransi Parolamas
Acquisition in 2018
Pt. Asuransi Parolamas is a Jakarta-based general insurance company that has been operating in Indonesia since its founding in 1964. The company specializes in non-life insurance services, offering a range of products that include motor insurance, property insurance, personal accident coverage, engineering insurance, fire insurance, and marine insurance. With over 53 years of experience, Asuransi Parolamas is dedicated to providing comprehensive insurance protection for both businesses and individuals. It operates as a subsidiary of Insurance Australia Group Limited, a prominent insurer in the Asia Pacific region.
Safety Insurance
Acquisition in 2018
Safety Insurance is a provider of non-life insurance services, primarily focusing on motor insurance, as well as fire, marine, and other general insurance products. The company distributes its offerings through a network of insurance agents and brokers, in addition to selling directly to consumers. Safety Insurance aims to enhance customer experience by providing a mobile application and streamlined claims processes, facilitating efficient insurance coverage and claims management for its clients.
HCC INSURANCE HOLDINGS
Acquisition in 2015
HCC Insurance Holdings, Inc. is a leading specialty insurer with offices in the United States, the United Kingdom, Spain and Ireland, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance. HCC products and capabilities set the standard for the industry, and many of the Company’s almost 2,500 employees are industry-leading experts. HCC has achieved an outstanding record of growth and profitability, since its founding in 1974, through creative but careful underwriting, strong risk management practices, opportunistic expansion of existing lines of business and targeted acquisitions. HCC is well capitalized and positioned to continue its success.
Delphi Solar
Acquisition in 2012
Delphi Financial Group, Inc. is a financial services company based in Wilmington, Delaware, specializing in specialty insurance and related businesses. The company excels in managing employee absence, thereby enhancing productivity for its clients. Delphi offers a range of group insurance coverages, including long-term and short-term disability, life insurance, and excess workers’ compensation for self-insured employers. Additionally, it provides large casualty programs, travel accident insurance, dental coverage, and limited-benefit health insurance products. Through its comprehensive offerings, Delphi Financial Group aims to meet the diverse insurance needs of its clientele.
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