Tokio Marine HCC acquires renewal rights for US insurer’s portfolio

Employees of the US insurers will transition to Tokio Marine HCC.

Tokio Marine HCC – Public Risk Group, a member of the Tokio Marine HCC group and a provider of insurance solutions for public entities, has announced the acquisition of renewal rights for Intact Insurance Group USA LLC's (Intact) FirstFire portfolio.

The FirstFire policies offer insurance and risk management solutions safeguarding volunteer and professional fire departments, emergency responders, and municipalities against property and casualty risks.

As part of the acquisition, former Intact staff handling FirstFire policies have transitioned to full-time employees of Tokio Marine HCC – Public Risk Group. 

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In the short term, Intact will continue issuing FirstFire policies to ensure a smooth experience for policyholders. Tokio Marine HCC will assume reinsuring and servicing these policies until it commences issuing its own FirstFire policies later this year.