Tokio Marine is a global insurance group that has been involved in the space industry since the 1970s, providing space insurance for rocket launch operators and satellite manufacturers. They offer underwriting and consulting services, including risk assessment and risk reduction. Tokio Marine collaborates with entities like JAXA and Axelspace to develop new insurance products and services, including those specialized for microsatellites and space debris removal. They also invest in space-related companies like Sierra Space and ICEYE.
All verified mentions of this organization in source documents.
The third-party allocation capital increase was executed by Frontier Innovations No. 1 Investment Limited Partnership, a venture capital fund with JAXA as a limited partner, and Tokio Marine Holdings through its subsidiary Tokio Marine & Nichido Fire Insurance.
Tokio Marine & Nichido Fire Insurance and Tokio Marine Holdings are collaborating with BULL, having signed a memorandum in 2023, to explore various services centered on debris countermeasures in the space sustainability domain.
Sierra Space raised $290,000,000 in a Series B funding round led by MUFG, Kanematsu Corporation, and Tokio Marine & Nichido.
MUFG Bank, Kanematsu Corporation, and Tokio Marine & Nichido Fire Insurance Co., Ltd. made a strategic investment of $290,000,000 in Sierra Space Corporation.
Under the strategic partnership, MUFG Bank, Kanematsu Corporation, and Tokio Marine & Nichido Fire Insurance will participate in the commercialization of LEO led by Sierra Space to expand the supply chain of the Japanese space industry and create new industries.
Iceye began working with insurance industry partners in 2021, including Zurich-based Swiss Re and Tokyo-based Tokio Marine.