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Tokio Marine

Tokio Marine Holdings, Inc.
株式会社東京海上ホールディングス
Public (K.K)
Traded asTYO: 8766
TOPIX Core 30 Component
IndustryInsurance
Founded1879; 139 years ago (1879)
HeadquartersMarunouchi, Tokyo, Japan
Area served
Worldwide
Key people
Shuzo Sumi (Chairman of the Board)
Tsuyoshi 'Nick' Nagano(President & Group CEO)
RevenueIncrease JP¥ 4,579,076 million (FY 2015)
Increase JP¥ 254,540 million (FY 2015)
Number of employees
36,902 (FY2015)
Websitetokiomarinehd.com

Tokio Marine Holdings, Inc. (株式会社東京海上ホールディングス, Kabushiki-kaisha Tōkyō Kaijō Hōrudingusu, TYO: 8766), is a multinational insurance holding company headquartered in Tokyo, Japan. It is the largest property/casualty insurance group in Japan in terms of revenue and is the parent company for the Tokio Marine Group which employs 36,000[1] people in 38 countries worldwide.

Tokio Marine is part of Mitsubishi, one of the few Japanese giant conglomerates (Keiretsu).

History

Founded in 1879 as Tokio Marine Insurance, it is the oldest insurance company in Japan. Millea Holdings was established in 2002 to become the parent company to Tokio Marine Insurance and Nichido Fire Insurance in preparation for their merger, before being renamed Tokio Marine Holdings in 2008.[2]

Tokio Marine acquired the Philadelphia Insurance Companies for $4.7 billion in 2008, and acquired the Delphi Financial Group for $2.66 billion in 2012.[3] In June 2015, Tokio Marine announced it would be acquiring HCC Insurance Holdings for $7.5 billion.[4] Tokio Marine forecast that 46% of its profits would come from outside Japan following the HCC acquisition.[3]

Holdings

Domestic Non-Life Insurance Business

Domestic Life Insurance Business

  • Tokio Marine & Nichido Life Insurance Co.
  • Tokio Marine & Nichido Financial Life Insurance Co.

International Insurance Business

Other Non-Insurance Businesses

  • Tokio Marine Asset Management
  • Tokio Marine & Nichido Career Service Co.
  • Millea Real-Estate-Risk Management
  • Tokio Marine & Nichido Facilities
  • Millea Mondial
  • Tokio Marine Nichido Samuel

References

  1. ^ [www.tokiomarinehd.com]
  2. ^ [www.tokiomarinehd.com]
  3. ^ a b Fukase, Atsuko (10 June 2015). "Tokio Marine to Buy HCC Insurance for $7.5 Billion". The Wall Street Journal. Retrieved 11 June 2015.
  4. ^ Taiga Uranaka (10 June 2015). "Tokio Marine to buy HCC Insurance for $7.5 billion". Reuters. Retrieved 10 June 2015.

External links