Tokio Marine Sri Muang has increased more capital fund 3 billions baht To enhance financial strength and support business growth

With the commitment from Tokio Marine Group to provide the financial support for the Thai Flood impacts, Tokio Marine Sri Muang Insurance has successfully raised the capital to increase financial strength and stability, and to be ready to pursue continuous business development. Mr. Lhuckchai Suttichujit, president of Tokio Marine Sri Muang Insurance revealed that the Ministry of Finance and Office of Insurance Commission (OIC) already approved the increasing of capital for Tokio Marine Sri Muang Insurance to 3,020 million baht. Tokio Marine & Nichido Fire Insurance, the Japan based insurance company, has become the major shareholder in Tokio Marine Sri Muang Insurance. This new capital has not only facilitated the company to cope with the capital requirement from RBC regime but also support the business expansion in the future. The company’s operation result as of May 2012, direct written premium is greater than Baht 2.9 billions or has grown by 42% comparing with the same period of last year. -KP- Click for photo release at www.thaipr.net

• ข่าวTokio Marine Group
• ข่าวo:eco
• ข่าวo:fin
• ข่าวen