Tokio Marine international profit doubles for fiscal Q1
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Tokio Marine international profit doubles for fiscal Q1

Rachel Dalton
06 August 2021
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Tokio Marine’s international non-life segment reported profit of 56.5bn yen ($514.6mn) for its fiscal first quarter, more than double that of a year ago, as Tokio Marine HCC (TMHCC) benefited from lower cat losses.

The Japanese carrier said performance was stronger in this quarter than in the same period in 2020 thanks to increased net written premium beyond planned levels, especially at TMHCC and Philadelphia, as the units took advantage of rising rates.

International...

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