Maui Business

First Insurance Acquires Yamaga Client List To Offer Risk & Safety Management Services

January 25, 2011, 3:22 PM HST
* Updated January 25, 3:23 PM
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By Sonia Isotov

Maui clients of C.K. Yamaga Safety & Health Consultant could now be served by First Insurance Company of Hawaii following a client list acquisition by the company.

Chester K. Yamaga is retiring after a long career in risk and safety management and his client list has been acquired by First Insurance Company of Hawaii as part of an agreement.

First Insurance Company of Hawaii, Ltd. is the oldest and largest property and casualty insurer domiciled in Hawaii, with assets totaling more than $606.8 million and liabilities of more than $368.6 million at December 31, 2010.

 “In addition to being the largest local property and casualty company domiciled in Hawaii, First Insurance also has the largest and most experienced Risk & Safety Management department in the state and has assisted a diverse range of its commercial insureds as well as fee-for-service clients in creating safer, more loss-resistant operations,” said Allen Uyeda, president and CEO.

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First Insurance provides risk and safety management consultations as a value-added service to its commercial insureds. However, clients do not have to be an insured with First Insurance to benefit from its experience in minimizing risk and loss exposures.

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First Insurance enjoys an “A” (Excellent) rating from A.M. Best Co., whose ratings are widely recognized as a benchmark of an insurer’s financial strength.

First Insurance has also been named to the Ward’s 50 list that recognizes the nation’s top 50 property and casualty insurance companies.

First Insurance employs more than 300 insurance professionals and distributes its products through 28 independent general agencies. It has claims personnel on Oahu, Kauai, Maui and the Big Island.

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First Insurance is jointly owned by CNA Financial Corporation and Tokio Marine & Nichido Fire Insurance Company Ltd.

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