Tokio Marine Newa Insurance receives a capital injection

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Tokio Marine Newa InsuranceTokio Marine Newa Insurance, the Taiwanese subsidiary of Tokio Marine Holdings, has completed a capital increase of 12 billion TWD (387 million USD).

The transaction was carried out by the company's two main shareholders, Yulon Motor and Tokio Marine & Nichido Fire Insurance.

This capital increase will allow the Taiwanese insurer to consolidate its financial health, which was severely affected by Covid-19 claims, and improve its risk-based capital (RBC) ratio.

Read also | Taiwanese non-life insurance market forecasts for 2025

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Mon, 26/06/2023 - 17:40
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