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Tokio Marine America expands U.S. offerings

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New York-based Tokio Marine America, a subsidiary of Tokio Marine Holdings Inc., said Monday that it is extending its U.S. product offering to include marine hull and marine liability coverage, in addition to its existing marine cargo line.

The coverage will be offered in partnership with Continental Underwriters, a managing general agency for Tokio Marine HCC, TMA’s sister company, the insurer said in a statement.

TMA’s hull and liability policies will be written on Tokio Marine HCC admitted paper as part of TMA’s strategy to work with other Tokio Marine U.S. subsidiaries. TMA’s recent rebranding to Tokio Marine America from Tokio Marine Management is part of this strategy, TMA said.

TMA’s Ocean Marine product offers a range of commercial marine coverages including hull and machinery, maritime employer’s liability, protection and indemnity and marine liabilities including but not limited to marine general liability.