Tokio Marine Bringing Together Energy & Reinsurance Sectors

As President Trump recently demonstrated, getting key players around the table can lead to breakthrough agreements, progress and stability. This move by Tokio Marine may well resolve many issues regarding offshore wind projects and risk pricing for insurers.

Here’s the word;

 Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF) property & casualty insurance subsidiary of Tokio Marine Holdings, the largest non-mutual private insurance group in Japan, announces it is convening over 400 representatives from the energy and international reinsurance industries to support Japan’s next phases of major offshore wind projects.

The initiative brings together renewable energy expertise and reinsurance capacity to coordinate support for the unique risk challenges facing Japan’s renewable energy expansion.

Japan’s commitment to carbon neutrality by 2050 requires offshore wind capacity to reach 30GW – 45 GW by 2040 will create an estimated $2-3 billion premium opportunity for international reinsurance capacity. Japan’s projects face distinct risks from natural catastrophes, severe lightning strikes, complex geological conditions, and ocean swells that can impact multiple installations simultaneously.

Tokio Marine Group is now mobilising international markets to support Japan’s renewable energy ambitions. The initiative focuses on:

• Bridging international capacity and insights with Japan-specific risk expertise to address natural catastrophes, lightning, and geological conditions not observed in European markets
• Developing international insurance standards for floating offshore wind power
• Facilitating increased capacity provision by bringing together global reinsurers, brokers, loss adjusters, and marine surveyors with Japanese project developers
• Leveraging Tokio Marine Group capabilities through TMNF and TMGX to support Japan’s renewable energy transformation

The initiative targets international reinsurers seeking to support Japan’s offshore wind opportunities, Japanese project developers requiring global capacity, and industry stakeholders across the offshore wind sector.

The discussions will take place through “Tokio Marine Offshore Wind Week 2025” from October 20-24, 2025, in Tokyo, bringing together developers, international reinsurers, brokers, loss adjusters, financiers, and marine surveyors to discuss the next stage of Japan’s offshore wind insurance requirements.

Hiro Ishijima, Head of Marine Hull & Energy, General Manager, Marine Underwriting Dept., Tokio Marine & Nichido Fire Insurance Co., Ltd., said: “We are hosting this event to support the sustainable growth of Japan’s offshore wind sector by bringing together international capacity and insights with local market knowledge. Japan’s offshore wind industry faces distinct risks and technical challenges requiring specialised insurance solutions. Having underwritten over 110 offshore wind projects worldwide, we are ideally positioned to bridge Japanese market expertise with additional international capacity.”