Australian insurer acquires stake in underwriting agency

Posted On: Dec. 16, 2016 5:00 AM CST

Australian insurer Tokio Marine Management Australasia Pty. Ltd. has acquired a 50% stake in online insurance underwriting agency eSentry Underwriting Pty. Ltd., Asia Insurance Review reported. "This acquisition is part of Tokio Marine’s ongoing growth strategy in the region, and will underpin our sustained expansion in 2017 and beyond," said David Boreham, chief underwriting and distribution officer in Australia for Tokio Marine and a director of eSentry.