Thursday 20 July 2023 - Company news

Green Upgrade Endorsement added to property wordings

Tokio Marine HCC International adds Green Upgrade Endorsement to property wordings


London, 20 July 2023:


The Japanese Business Division of Tokio Marine HCC International (TMHCCI) has launched a new Green Upgrade Endorsement that will be added as a standard endorsement, at no additional cost, to its combined commercial property policies from 1st August 2023 as they renew.


The endorsement provides additional cover following a total loss. It enables insureds to reinstate properties in a way that will minimise their building’s environmental impact, by using the latest available technology.


Cover is triggered by total loss insured events which is defined as those where the damage is 80% or more of the building sum insured or 80% more of the Contents or Tenants Improvement sum insured.   


Simon Hewitt, Head of Property & Casualty - Japanese Business at TMHCCI, said: “The Green Upgrade Endorsement will enable clients to improve the environmental performance of their commercial properties following a total loss.”


“This technique is known as ‘greening’ and, under the new endorsement, it will not be classed as betterment. Offering this broader scope of cover is part of our commitment to support our clients and the wider world in which we live.”


The endorsement covers a wide range of greening activities such as upgrading taps, showers, urinal toilets, and grey water and rainwater systems. It also covers upgrades to air conditioning and building cooling systems, ventilation systems, hot water and heating systems, lighting, and ‘green’ roofs.


Where the environmental upgrades result in additional costs, the endorsement will cover these up to the lower of £1 million or 10% of the total loss. It will also provide business interruption cover if the greening adds extra time to the reinstatement. This cover will be limited to the business interruption indemnity period in the policy schedule.


The Japanese Business Division offers cover to businesses that have a Japanese parent. Most risks are located in the UK, but cover is available on an international basis. This endorsement only applies to HCC International Insurance Company plc (HCCII), not Tokio Marine Europe (TME).






Tokio Marine HCC is a member of the Tokio Marine Group, a premier global company founded in 1879 with a market capitalization of $38 billion as of March 31, 2023. Headquartered in Houston, Texas, Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Continental Europe. Tokio Marine HCC’s major domestic insurance companies have financial strength ratings of ‘A+’ (Strong) from S&P Global Ratings, ‘A++’ (Superior) from A.M. Best, and ‘AA-’ (Very Strong) from Fitch Ratings; its major international insurance companies have financial strength ratings of ‘A+’ (Strong) from S&P Global Ratings. Tokio Marine HCC is the marketing name used to describe the affiliated companies under the common ownership of HCC Insurance Holdings, Inc., a Delaware-incorporated insurance holding company. For more information about Tokio Marine HCC, please visit

April Fenn, Communications Manager
Tokio Marine HCC International
[email protected]
+44 (0)20 7680 2937

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April Fenn
April Fenn

Communications Manager