Philadelphia Insurance Companies Pledges $100,000 for Japan Earthquake Relief

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PHLY, its CEO and Founder Team Up to Donate to American Red Cross

Philadelphia Insurance Companies Chairman & CEO Jamie Maguire (right) presents the $100,000 check to American Red Cross Southeastern PA Chapter Interim CEO Bayard Gardineer III on Tuesday, March 15th.

“Our thoughts are with our friends at Tokio Marine, as well as our own employees who are from Japan and who have family members impacted by this disaster. So many of our employees are anxious to help and we hope that this support will aid the relief work.

Philadelphia Insurance Companies (PHLY), its Chairman & CEO Jamie Maguire, and The Maguire Foundation have pledged $100,000 to the American Red Cross for aid to Japan. PHLY, whose parent company Tokio Marine Group is based out of Japan, will also match donations made by its employees through the American Red Cross to help the Japanese people.

“It is tragic to see how this catastrophe has devastated so many lives and ravaged a country,” said PHLY Chairman and CEO Jamie Maguire, who also sits on the board of the American Red Cross Southeastern Pennsylvania Chapter. “Our thoughts are with our friends at Tokio Marine, as well as our own employees who are from Japan and who have family members impacted by this disaster. So many of our employees are anxious to help and we hope that this support will aid the relief work.”

Philadelphia Insurance Companies is pledging $50,000 of support, while Jamie Maguire and The Maguire Foundation are pledging an additional $25,000 each in support. Tokio Marine Group is headquartered in Tokyo and has offices across Japan, including the northeast region near the epicenter of the quake. Tokio Marine is working tirelessly to support its employees and community, following this devastating event.

The contributions for Japan were announced during a Red Cross program on Haiti at Philadelphia Insurance headquarters. Jamie Maguire, who traveled to Haiti on a humanitarian mission in April of 2010, also presented the Southeastern Pennsylvania Chapter of the Red Cross with a separate check from PHLY employees for $5,438 to support relief operations in Haiti. PHLY and its employees originally donated more than $100,000 for Haiti earthquake relief efforts last year.

The Maguire Foundation supports many charitable organizations including the Pennsylvania School for the Deaf, Mercy Vocational High School, St. Vincent's Shelter in Germantown, PA and a number of other Philadelphia area non-profit institutions.

Philadelphia Insurance Companies, a member of the Tokio Marine Group, 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 counterparty 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 47 offices strategically located across the United States to provide superior service. To locate the office nearest you or for more information, visit us on the web at http://www.phly.com.

Philadelphia Insurance Companies is the marketing name for the property and casualty operations of Philadelphia Consolidated Holding Corp. In the United States, all products are written by insurance company subsidiaries of Philadelphia Consolidated Holding Corp. Coverage may not be available in all jurisdictions and is subject to actual policy language.

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Bill Procopio
Philadelphia Insurance Companies
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