Tokio Marine Group aims for 50% local profit ratioFrom left Mr Tanimoto; Tokio Marine Asia chief executive Saloon Tham; Mr Yamagata; and Mr Somphot. Japan's Tokio Marine Insurance Group aims for the overseas insurance business profit ratio to reach nearly 50% this year, with emerging markets including Thailand as the main contributors. Tokio Marine Group consists of Tokio Marine Holdings, 249 subsidiaries and 22 affiliates. Given the merger and acquisition plan, Tokio Marine Insurance Thailand and Safety Insurance will be consolidated into Tokio Marine Safety Insurance Thailand, the process for which is expected to be completed in early 2020. Apart from Tokio Marine Insurance, the company operates life insurance businesses through Tokio Marine Life Insurance Thailand.

Source: Bangkok Post June 18, 2019 01:19 UTC