News Business12 Mar 2007

Tokio Marine & Nichido Completes Acquisition of Asia General Holdings and its Subsidiaries

12 Mar 2007

Tokio Marine & Nichido Fire Insurance Co Ltd has completed its general offer process and now holds 91.87% shares in Asia General Holdings Limited (AGH), which has four subsidiaries in Singapore and Malaysia. Three of them will have new corporate names - TM Asia Life Singapore Ltd, TM Asia Insurance Singapore Ltd and TM Asia Life Malaysia Bhd while the last outfit, the Malaysian general subsidiary, will merge with Tokio Marine Insurans (Malaysia) Bhd to comply with the relevant laws and guidelines.

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