GCube sold to Tokio Marine

Tokio Marine has announced the acquisition of GCube with an expected completion during the first quarter of 2020.

UK-based GCube has created a niche for itself for insurance of specialised in risks related to renewable energy since its formation in 1987 and Tokio Marine aims to “more proactively” expand the business, leveraging its underwriting expertise through its TMHCC subsidiary that has been underwriting energy related business for over 20 years , and has been a capacity provider on GCube’s programmes since 2018.

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