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Tokio Marine to merge Thai units

Posted On: Jun. 5, 2019 5:52 AM CST

Japan-based insurer Tokio Marine Holdings Inc. is setting up a new company – Tokio Marine Safety Insurance (Thailand) PLC – after merging its two units in Thailand, The Nation reported. The insurer is merging the operations of Tokio Marine Insurance (Thailand) P.L.C. and Thailand-based Safety Insurance PLC. Tokio Marine had acquired Safety Insurance's Thai and Indonesian businesses in 2018.

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