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Tokio Marine expands to inland marine in U.S.

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Tokio Marine Management Inc. said Monday that it is launching a line of inland marine insurance products in the U.S.

The inland marine coverages will focus on fine arts, renewable energy generation, transportation, construction, jewelers block, equipment sales & rental, and floater products, Tokio Marine Management said in a statement.

Rich Soja who joined Tokio Marine Management last year as senior vice president leads the team of marine underwriters. Previously, Mr. Soja was executive vice president, chief marine underwriter, U.S., at Aspen Insurance Holdings Ltd.

“Inland Marine is a natural fit with our Ocean Marine division, and the dedicated underwriting team of product experts we’ve assembled enabled us to deliver superior service immediately,” Koki Umeda, CEO of Tokio Marine Management said in the statement. “Rich Soja’s expertise, including launching a marine division with a previous company, provides valuable leadership to TMM and value to our customers.”