Tokio Marine Highland
Tokio Marine Highland is a specialty property and casualty insurance underwriting agency and wholly owned subsidiary of Tokio Marine Kiln, offering private flood, fine art, specialty property, and lender-placed insurance through agents, brokers, and digital distribution across 42 U.S. states.
- Company typePrivate
- Founded1962
- HeadquartersChicago, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Tokio Marine Highland does
Tokio Marine Highland, founded in 1962 as WNC Insurance Services and rebranded after Tokio Marine Kiln completed its full acquisition in July 2018, is a specialty property and casualty insurance underwriting agency operating as a wholly owned subsidiary of Tokio Marine Kiln (a Lloyd's of London carrier) within the Tokio Marine Group, which carries an A+ AM Best rating. The company is headquartered in Chicago with additional operating centers in South Pasadena, Frisco, Irvine, and Miami, and serves four core product divisions: Private Flood (led by the TMH2O primary residential flood product available in 42 states, plus excess and commercial flood), Financial Services Solutions (lender-placed hazard, flood, and wind, collateral protection, auto GAP, mortgage impairment, and insurance tracking), Specialty Property Solutions (InvestorSelect, iClient), and Fine Art & Collectibles (art dealer, exhibition, museum, and private and corporate collection coverage). Underwriting and policy administration is supported by a proprietary cloud-based underwriting engine and the TMH On-Line digital platform for agents and brokers, with claims handled through the wholly owned Precise Adjustments subsidiary.
The firm generates revenue primarily through insurance underwriting premiums across its specialty lines, supplemented by claims administration and adjustment services through Precise Adjustments and technology-enabled distribution partnerships (notably Exzeo Group). Pricing is quote-based and not publicly disclosed, with TMH2O limits expanded in May 2026 to building coverage of up to $2M and contents of up to $1.3M. Go-to-market is a multi-channel model combining a national appointed agent and broker network, direct enterprise relationships with financial institutions, real estate investors, art dealers, museums, and high-net-worth collectors, and technology-enabled partnerships that expose the underwriting engine via API. The company has grown gross written premium from $165M in 2017 to $322M in 2021, divested its U.S. Construction Division to Intact Insurance Group in August 2022, and continued investing in product expansion and leadership capacity through 2026.
Tokio Marine Highland firmographics
Firmographics- Name
- Tokio Marine Highland
- Legal name
- Tokio Marine Highland Insurance Services, Inc.
- Website
- https://tokiomarinehighland.com
- Company type
- Private
- Founded year
- 1962
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Tokio Marine Highland is a specialty property and casualty insurance underwriting agency and wholly owned subsidiary of Tokio Marine Kiln, offering private flood, fine art, specialty property, and lender-placed insurance through agents, brokers, and digital distribution across 42 U.S. states.
- Ownership category
- akta.pro rank
Tokio Marine Highland industry classification
Industry- Product category
- Specialty Property and Casualty Insurance Underwriting
- NAICS
- Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers and Related Activities (524)
- SIC
- Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Flood Insurance (FSAJACAG)
Keywords
Where Tokio Marine Highland is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Tokio Marine Highland business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Insurance Underwriting Premiums: Tokio Marine Highland underwrites specialty insurance products including private flood, fine art, specialty property, and lender-placed insurance. Revenue is generated through insurance premiums collected from policyholders, with profitability based on underwriting expertise and risk selection.
- Claims Administration Services: Through wholly owned subsidiary Precise Adjustments, the company provides industry-leading claim administration and adjustment capabilities with dedicated and experienced adjusters.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | TMH2O Primary Residential Flood Insurance with building coverage up to $1M, contents up to $500K, ALE up to $50K |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Tokio Marine Highland product offering
Product offeringCore offering
Tokio Marine Highland underwrites and distributes specialty property and casualty insurance products through its Private Flood, Financial Services Solutions, Specialty Property, and Fine Art & Collectibles divisions. Its flagship TMH2O product provides primary residential flood insurance with up to $2 million in building limits across 42 states, while lender-placed insurance products serve financial institutions and InvestorSelect/HomeownerSelect programs serve real estate investors and homeowners. The company also underwrites fine art coverage for dealers, museums, and collectors, supported by a cloud-based underwriting engine, the TMH On-Line agent platform, iClient client management platform, and wholly owned claims subsidiary Precise Adjustments.
Product overview
Tokio Marine Highland is a specialty property and casualty insurance underwriting company offering a broad portfolio of distinct insurance products organized into four main divisions: Private Flood (TMH2O primary flood, excess flood, and commercial flood insurance), Financial Services Solutions (lender-placed hazard, flood, wind, collateral protection, auto GAP, mortgage impairment, and tracking services), Specialty Property Solutions (InvestorSelect for real estate investors, iClient platform), and Fine Art & Collectibles (coverage for art dealers, exhibitions, museums, and private/corporate collections). The company operates through a proprietary underwriting engine and agent portal, and includes Precise Adjustments, a wholly owned claims subsidiary. Founded in 1962, it is a wholly owned subsidiary of Tokio Marine Kiln (part of Tokio Marine Group) with A+ ratings from AM Best and Standard & Poor's.
Differentiator
Problem solved
Functional benefit
Brands
- TMH2O: Primary residential flood insurance product offering building limits up to $1 million (expanded to $2 million in 2026), contents limits up to $500,000 (expanded to $1.3 million in 2026), available in 42 states
- Precise Adjustments
- iClient
- InvestorSelect
- HomeownerSelect
Products and services
- TMH2O Primary Flood Insurance
Quantifiable outcome
- Reduced underwriting processing time from 24 hours to minutes
- +2 more outcomes
Companies that use Tokio Marine Highland
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
Tokio Marine Highland technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature3 records
Tokio Marine Highland partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core, flagship and minor.
- Exzeo GroupcoreStrategic partnership for Exzeo to distribute TMH2O primary residential flood insurance product across 42 states. Integration into Exzeo's technology platform expands property insurance offerings to include homeowners, commercial residential, and flood insurance products. Partnership leverages Exzeo's advanced technology and underwriting capabilities to automate underwriting with technology efficiency.
- Tokio Marine Kiln (TMK)flagshipTokio Marine Kiln, a leading international insurer and member of Tokio Marine Group, is one of the largest carriers in the Lloyd's insurance marketplace. TMK owns Tokio Marine Highland as a wholly owned subsidiary. TMK's financial strength includes an A+ rating from AM Best. TMK has worked in partnership with TMH since 1986.
- Tokio Marine GroupflagshipUltimate parent company and one of the largest insurance groups in the world. Tokio Marine Group provides financial strength and global resources backing Tokio Marine Highland's insurance operations. Rated A+ by Standard & Poor's.
- EXPO CHICAGOminorTokio Marine Highland serves as premier sponsor of EXPO CHICAGO art fair (International Exposition of Contemporary and Modern Art). Partnership includes co-sponsorship of events for dealers, collectors, museum directors, and art professionals. 2024 edition featured galleries from 29 countries.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
Tokio Marine Highland competitors and assessment
Company assessmentDirect peers
- Neptune Flood Insurance: A technology-driven private flood insurance MGA offering direct-to-agent quoting and binding. Direct overlap with TMH2O as a private alternative to NFIP serving homeowners and agents in similar US geographies.
- Wright Flood (Wright National Flood Insurance): One of the largest writers of NFIP and private flood insurance in the US, distributing through agents. Closest direct peer to TMH's Private Flood division by product focus and agent-driven model.
- Palomar Holdings: Specialty insurer offering earthquake and expanding into hurricane and flood via Palomar Excess and Surplus. Comparable as a digitally enabled specialty P&C underwriter targeting catastrophe-exposed residential and commercial risks.
- Assurant: Major provider of lender-placed insurance, mobile device protection, and specialty P&C. Directly comparable to TMH's Financial Services Solutions and Specialty Property divisions serving mortgage servicers and financial institutions.
- SWBC: Provider of lender-placed insurance and financial services solutions to mortgage servicers. Directly comparable to TMH's lender-placed hazard, flood, and wind offerings; Eric Wurmser (TMH COO) previously spent 16+ years at SWBC.
Broad incumbents
- Hiscox USA: Specialty P&C insurer with fine art, collectors, and small-commercial offerings distributed through agents and brokers. Comparable as a broader specialty P&C incumbent; Ray Oral (new TMH COO) was formerly CTO at Hiscox USA.
- Chubb: Global specialty P&C insurer with leading fine art and high-net-worth personal lines. Comparable in fine art coverage where TMH Senior Underwriter Elissa Gydish previously worked in Chubb's Valuable Articles unit.
- AXA XL Insurance: Global specialty insurer with art and collections coverage through AXA Art. Comparable in fine art insurance; Christiane Fischer (TMH Fine Art President) previously led AXA Art Insurance Corporation from 2004 to 2019.
- AIG Private Client: Insurer offering private collections, fine art, and high-net-worth specialty coverage through agents and brokers. Comparable as an established fine art and specialty P&C incumbent.
Others
- Intact Insurance Group USA: Acquirer of Tokio Marine Highland's U.S. Construction Division (Highland Insurance Solutions) in August 2022. Relevant as the buyer of TMH's prior construction business and a participant in specialty P&C M&A.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Tokio Marine Highland social profiles
Digital presenceTokio Marine Highland compliance and trust
Trust signalCompliance6 records
Tokio Marine Highland financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tokio Marine Highland leadership team
Management profileNumber of profiles
Profiles9 records
Tokio Marine Highland subsidiaries and ownership
Company hierarchySubsidiaries1 record
Tokio Marine Highland funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tokio Marine Highland M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tokio Marine Highland
What does Tokio Marine Highland do?
Tokio Marine Highland underwrites and distributes specialty property and casualty insurance products through its Private Flood, Financial Services Solutions, Specialty Property, and Fine Art & Collectibles divisions. Its flagship TMH2O product provides primary residential flood insurance with up to $2 million in building limits across 42 states, while lender-placed insurance products serve financial institutions and InvestorSelect/HomeownerSelect programs serve real estate investors and homeowners. The company also underwrites fine art coverage for dealers, museums, and collectors, supported by a cloud-based underwriting engine, the TMH On-Line agent platform, iClient client management platform, and wholly owned claims subsidiary Precise Adjustments.
Is Tokio Marine Highland a public or private company?
Tokio Marine Highland is a private company. It is classified as corporate owned and is currently operating.
When was Tokio Marine Highland founded?
Tokio Marine Highland was founded in 1962. It employs 251 to 500 people.
Where is Tokio Marine Highland based?
Tokio Marine Highland is headquartered in Chicago, United States, in the North America region.
How does Tokio Marine Highland make money?
Two revenue lines are on record. Insurance Underwriting Premiums are the primary driver. The others are claims Administration Services.
Who are Tokio Marine Highland's main competitors?
Direct peers on record are Neptune Flood Insurance, Wright Flood (Wright National Flood Insurance), Palomar Holdings, Assurant and SWBC. Broad incumbents are Hiscox USA, Chubb, AXA XL Insurance and AIG Private Client. Intact Insurance Group USA is listed as an others.
Does Tokio Marine Highland have an API?
No public API is recorded for Tokio Marine Highland.
What industry is Tokio Marine Highland in?
Tokio Marine Highland's product category is Specialty Property and Casualty Insurance Underwriting. Its primary akta.pro industry code is FSAJACAG, Flood Insurance. Its NAICS code is 52412 and its SIC code is 6331.