Creation of Tokio Marine Safety Insurance

Tokio Marine Insurance (Thailand) has finalized the merger with Safety Insurance Public Company resulting in the creation of Tokio Marine Safety Insurance. Suteechai Santivarakum, Chief Executive Officer, will run the company.

Tokio Marine Safety longs to reach a turnover of 21 billion THB (690 million USD) and a net profit of 1.1 billion THB (35.1 million USD) within the next three years. The target growth rate is 4 to 5% per year. The merger, announced in June 2019, was approved by the Thai regulatory authorities in early February.

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