Tokio Marine Newa Insurance receives a capital injection

Tokio Marine Newa Insurance, the Taiwanese subsidiary of Tokio Marine Holdings, has completed a capital increase of 12 billion TWD (387 million USD).

The transaction was carried out by the company's two main shareholders, Yulon Motor and Tokio Marine & Nichido Fire Insurance.

This capital increase will allow the Taiwanese insurer to consolidate its financial health, which was severely affected by Covid-19 claims, and improve its risk-based capital (RBC) ratio.