trending Market Intelligence /marketintelligence/en/news-insights/trending/Mo9w6J7lXvBIQ3CXZHvw-w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Tokio Marine Seguradora, Caixa Seguridade to establish insurance JV

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools


Tokio Marine Seguradora, Caixa Seguridade to establish insurance JV

Tokio Marine Seguradora SA entered into a definitive agreement to establish an insurance joint venture in São Paulo with Caixa Econômica Federal subsidiary Caixa Seguridade Participações SA.

Under the agreement, the Tokio Marine Holdings Inc. subsidiary will make a capital contribution of 1.52 billion reais to the joint venture. Tokio Marine Seguradora will own 50.01% of the joint venture's voting shares, while Caixa Seguridade will own 49.99% of the voting shares and 100% of the nonvoting shares.

The joint venture will underwrite mortgage and homeowners insurance and is expected to start operations by February 2021. The name of the joint venture and its CEO has yet to be determined.

The new insurance entity is expected to have limited impact on Tokio Marine group's consolidated business performance.

As of Jan. 6, US$1 was equivalent to 4.05 Brazilian reais.