Toa Auto Insurance

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Company Details
Address:

177 Madison Avenue, P. O. Box 1930

City:
Morristown
State:
NJ
ZIP Code:
07962
Phone Number:
973-898-9480
Year Founded
1982
AM Best Rating:
A+
Company Rating 0 (0 reviews)

Things to Remember...
  • Toa is a reinsurance underwriter and is a subsidiary of The Toa Reinsurance Co., Ltd. in Japan
  • Toa focuses on specialty lines of property and casualty reinsurance business insurance
  • Toa is highly rated by agencies such as A.M. Best and Standard and Poor’s

The Toa Auto Insurance review is a review of the Toa Reinsurance Co. of America.

The Toa Reinsurance Co. of America, also known as ToaRe, is a reinsurance underwriter for companies located in the United States and throughout North America.

The Toa Reinsurance Co. of America is a fully owned subsidiary of The Toa Reinsurance Co., Ltd. located in Tokyo in Japan.

The Toa Reinsurance Co. of America has received an A+ (Superior) rating from the A. M. Best Company and an A+ financial strength rating from Standard and Poor’s.

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Toa Insurance Products

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The Toa Reinsurance Co. of America focuses on specialty lines of property and casualty reinsurance business insurance.

Toa underwrites treaty, program, and facultative business.

The types of treaty business that Toa underwrites include:

  • Property
  • Casualty
  • Professional liability
  • Workers compensation
  • Accident and health
  • Financial guarantee
  • Personal lines of insurance

When it comes to casualty facultative, Toa underwrites:

  • Commercial general liability insurance
  • Commercial auto liability insurance
  • Commercial umbrella insurance
  • Excess liability insurance
  • Professional errors and omissions liability insurance
  • Excess aggregate workers compensation insurance
  • Environmental impairment liability insurance
  • Clash liability insurance
  • Wrap up liability insurance
  • Owner-controlled insurance programs

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Understanding Toa Products

Reinsurance is a special type of insurance that is purchased by one insurance company from another insurance company. This type of process is called risk management.

By doing this, some of the financial risks of the insuring company is transferred to the reinsurance company.

The insurance company will pay the reinsurance company a premium known as a reinsurance premium and, in turn, the insurance company will be able to issue thousands of new insurance policies.

The two main types of reinsurance are facultative reinsurance and treaty reinsurance.

With facultative reinsurance, a company buys reinsurance for the individual risks that are not already covered in their current reinsurance policies. These reinsurance contracts are separately negotiated.

For treaty reinsurance, the insurance and reinsurance companies work out a blanket reinsurance contract that covers all of the insurance policies.

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