Tokio Marine Management (Australasia) Pty Ltd (TMMA) today announced it has acquired
Accident and Health International Underwriting Pty Ltd (AHI), Australia’s award‐winning specialist
accident, medical and corporate travel underwriting agency.
The acquisition of AHI reflects the Tokio Marine Group’s efforts to further expand its operations in
the Oceania region, and this business will align with TMMA’s strategy to grow selected specialty
lines of business in the region.
“We are pleased to welcome AHI to the Tokio Marine Group. With AHI’s expertise underwriting
accident, medical and corporate travel products and Tokio Marine’s financial strength and global
reach, this acquisition presents attractive opportunities for the group to grow and expand these
lines of business across the Oceania region and beyond,” said Shigekazu (Sean) Ueno, Chief
Executive Officer of TMMA.
“AHI is looking forward to continuing our evolution with the support of the Tokio Marine Group.
We’re excited about the renewed focus that will come from Tokio Marine’s growth strategy and
experience managing niche agencies. Our customers and broker network will benefit from Tokio
Marine’s experience in travel and personal accident insurance, while knowing that they’re still
working with a trusted, long‐term partner, a highly respected brand, and the market leading
propositions offered by AHI,” commented Danny Byrnes, Chief Executive Officer of AHI.
Since 2010, AHI performed well under the ownership of Insurance Australia Group Limited (IAG).
“While IAG has enjoyed a rewarding partnership with AHI, we recognised there is an opportunity
for AHI to expand beyond IAG’s focus of Australia and New Zealand and that Tokio Marine is a
more natural owner of AHI to support its growth ambitions. We wish AHI all the best in its future
strategy under Tokio Marine ownership,” stated Brad Robson, Executive Manager Broker and
Agency at IAG.
TMMA is a wholly‐owned subsidiary of Tokio Marine & Nichido Fire Insurance Co., Limited (TMNF)
and the managing agent of TMNF Australasian branch operations. As a central member of the
Tokio Marine Group of companies, TMNF was founded in 1879 as the first general insurance
company in Japan and remains one of that country’s largest insurers. The Tokio Marine Group
also has a significant international presence, now operating in 38 countries and regions across the
TMNF is licensed to carry out general insurance business within Australia and New Zealand. Under
the management of TMMA, TMNF has grown from its beginnings in Australasia over 50 years ago
as a niche Japanese commercial insurer into a diversified operation offering a strong mix of
commercial and personal lines. TMMA now has over 140 employees/representatives across
offices in both Australia and New Zealand, with its headquarters in Sydney. TMNF enjoys financial
strength ratings of “A+ (Strong)” from S&P Global Ratings, “A++ (Superior)” from A.M. Best, and
“A+ (Strong)” from Fitch Ratings.
Contact: Joaquim Smith, Company Secretary
Tokio Marine Management (Australasia) Pty Ltd
61 2 9225 7565