Among the local insurance companies, TM Asia Life Singapore is a company that is less “famous”.
One reason is partly because of its small agency force compared to the others.
In terms of history, Asia Life actually started out as a general insurer, in 1925.
In 1948, Asia Life went into the life business as a subsidiary of Asia General Holdings Limited, with interests in life and general insurance, investment holdings, property and hotel developments, and investment dealings both here and overseas.
In March 2007, Tokio Marine & Nichido Fire Insurance Co., Ltd acquired Asia General Holdings and its subsidiaries. The Tokio Marine and Nichido Fire Insurance Co., Ltd is the oldest (established in 1879) and one of the largest non-life insurance company in Japan.
As a result of the acquisition, Asia Life was renamed to TM Asia Life Singapore.
With effect from 13th Sept 2010, TM Asia Life Singapore Ltd will become known as Tokio Marine Life Insurance Singapore Ltd.
Along with a move to its own building Tokio Marine Centre at 20 McCallum Street, this heralds a new chapter in TM Asia Life Singapore’s history.