Lloyd’s and Parsyl launch insurance initiative for distribution of COVID-19 vaccines
Tuesday, December 15, 2020
TMK is working with Parsyl and other insurers in support of the Global Health Risk Facility to cover the distribution of COVID-19 vaccines. This provides billions of dollars of insurance cover to help protect and support the global distribution of COVID-19 vaccines and life-saving medical supplies especially to developing countries.
Distributing cold chain vaccines and pharmaceuticals safely is complex and they can spoil if not properly maintained. This new approach enables the storage and transit of temperature sensitive vaccines, medicines, PPE and ancillary cold chain equipment. It is the first public-private partnership to address a global health emergency in all of Lloyd’s 330-year history.
Read Lloyd's press release here.
TMK announces sale of Tokio Marine Highland’s US construction business to Intact Insurance Group
17 June 2022
Tokio Marine Kiln announced that a definitive agreement has been signed with Intact Insurance Group USA LLC (Intact) for the sale of Tokio Marine Highland’s (TMH) US construction division.
Altelium and TMK partner on first data-driven insured warranty for battery energy storage systems
11 May 2022
First-of-its-kind product will extend usage of lithium-ion battery storage systems to help accelerate transition from fossil fuels to green energy
TMK launches Intellectual Property Abatement Insurance for US-based SMEs
12 April 2022
TMK has launched IP Abatement insurance for clients in the US. The product will be available for Micro-Enterprise and Small to Medium size clients with revenues under USD100m.