Philadelphia Insurance, Tokio Marine Group donate $195,000 to Sandy relief
By Michelle Voli
Bala Cynwyd, PA - November 6, 2012 — Philadelphia Insurance Companies (PHLY) and Chairman and CEO Jamie Maguire are partnering with four other Tokio Marine Group companies to donate $195,000 to the American Red Cross to assist with Hurricane Sandy relief efforts.
PHLY and Mr. Maguire are each donating $25,000 to the American Red Cross Disaster Relief Fund. This fund enables the Red Cross to provide shelter, food, counseling and other assistance to victims of disasters. Mr. Maguire serves on the Board of Directors of the American Red Cross Southeastern Pennsylvania Chapter.
"Seeing the images of destruction caused by Hurricane Sandy bring the devastation I saw first-hand in Haiti closer to home," shared Mr. Maguire, who was part of a relief mission to Haiti following the earthquake there in 2010. "On behalf of Philadelphia Insurance Companies, I extend our thoughts and prayers to everyone affected by this tragedy. I’d also like to salute all of the Red Cross volunteers, as well as the first responders and everyone helping victims of this storm."
"Whenever the Red Cross is in need, Philadelphia Insurance Companies and Jamie Maguire always step up. Whether it is to provide disaster relief for Haiti, for Japan, for Hurricane Sandy, and here locally, we can always count on their support," said Judge Renee Cardwell Hughes, CEO of the American Red Cross Southeastern Pennsylvania Chapter.
Tokio Marine Holdings, the parent company of Philadelphia Insurance, is donating $50,000. PHLY’s sister companies in North America are also pledging support. Tokio Marine Management, Inc., based out of New York, is donating $25,000 and will match employee donations. Delaware-based Delphi Financial Group is donating $50,000, and First Insurance Company of Hawaii is donating $10,000 and will match employee contributions up to $5,000.
PHLY’s Founder and Chairman Emeritus James J. Maguire, will also donate $10,000 from the Maguire Foundation. The contributions from PHLY, four Tokio Marine Group companies, and the Maguire Foundation total $195,000.
As a leading provider of insurance to the non-profit and human service industry, PHLY has a long history of supporting disaster relief. The Company and its employees raised $129,000 for the Red Cross Haiti relief fund and more than $195,000 for the Red Cross Japan tsunami and earthquake relief fund. Since 1980, Philadelphia Insurance Companies has donated more than ten million dollars to various charitable organizations and missions.
About Philadelphia Insurance
Philadelphia Insurance Companies designs, markets, and underwrites commercial property/casualty and professional liability insurance products incorporating value added coverages and services for select industries. In operation since 1962, the Company, whose commercial lines insurance subsidiaries are rated "A++" (Superior) by A.M. Best Company and "A+" for counter-party credit and financial strength by Standard & Poor’s, is nationally recognized as a member of Ward's Top 50 and National Underwriter’s Top 100. The organization has 45 offices strategically located across the United States to provide superior service. For more information, please visit www.PHLY.com.