Tokio Marine Holdings, Inc.[2], is a multinational insuranceholding 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 39,000[3] people in 38 countries worldwide.
The main business of Tokio Marine is Management of non-life insurance companies, life insurance companies, specialized securities companies, foreign companies engaged in insurance businesses and any other company which is or may become a subsidiary of the Company in accordance with the provisions of the Insurance Business Law of Japan, and any other business pertaining to the foregoing item.
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.[4]
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.[5] In June 2015, Tokio Marine announced it would be acquiring HCC Insurance Holdings for $7.5 billion.[6] Tokio Marine forecast that 46% of its profits would come from outside Japan following the HCC acquisition.[5]
Since June 2019, Satoru Komiya has been the President and Group CEO. In October 2019, Tokio Marine Insurance announced it would buy insurer Pure Group for about $3.1 billion.[7][8]
ControversiesEdit
Insure Our Future has described Tokio Marine’s environmental policy as “weak”.[9] Unlike its competitor Sompo, Tokio Marine does not plan to stop insuring coal-fired power plants in Japan.[9]
tokio, marine, holdings, multinational, insurance, holding, company, headquartered, tokyo, japan, largest, property, casualty, insurance, group, japan, terms, revenue, parent, company, group, which, employs, people, countries, worldwide, holdings, company, hea. Tokio Marine Holdings Inc 2 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 39 000 3 people in 38 countries worldwide Tokio Marine Holdings Inc Company headquartersNative name東京海上ホールディングス株式会社Romanized nameTōkyō Kaijō Hōrudingusu kabushiki gaishaTypePublic KKTraded asTYO 8766 Nikkei 225 component 8766 TOPIX Core30 component 8766 IndustryInsuranceFounded1879 144 years ago 1879 HeadquartersMarunouchi Tokyo JapanArea servedWorldwideKey peopleShuzo Sumi Chairman of the Board Satoru Komiya President amp Group CEO RevenueJPY 5 863 7 billion FY 2022 Net incomeJPY 420 4 billion FY 2022 Number of employees43 048 March 2022 1 ParentTMTBJ investment trusts 5 4 Meiji Yasuda Life 2 1 Websitetokiomarinehd comThe main business of Tokio Marine is Management of non life insurance companies life insurance companies specialized securities companies foreign companies engaged in insurance businesses and any other company which is or may become a subsidiary of the Company in accordance with the provisions of the Insurance Business Law of Japan and any other business pertaining to the foregoing item Contents 1 History 2 Controversies 3 Holdings 4 References 5 External linksHistory EditFounded 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 4 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 5 In June 2015 Tokio Marine announced it would be acquiring HCC Insurance Holdings for 7 5 billion 6 Tokio Marine forecast that 46 of its profits would come from outside Japan following the HCC acquisition 5 Since June 2019 Satoru Komiya has been the President and Group CEO In October 2019 Tokio Marine Insurance announced it would buy insurer Pure Group for about 3 1 billion 7 8 Controversies EditInsure Our Future has described Tokio Marine s environmental policy as weak 9 Unlike its competitor Sompo Tokio Marine does not plan to stop insuring coal fired power plants in Japan 9 Holdings Edit nbsp Tokio Marine Life building in Johor Bahru MalaysiaDomestic Non Life Insurance Business Tokio Marine amp Nichido Fire Insurance Co Nisshin Fire amp Marine Co E design Insurance Tokio Marine Millea SASTDomestic Life Insurance Business Tokio Marine amp Nichido Life Insurance Co Tokio Marine amp Nichido Financial Life Insurance Co International Insurance Business Tokio Marine HCC Philadelphia Insurance Companies Tokio Marine Asia Regional HQ for Asia Pacific First Insurance Company of Hawaii Ltd Tokio Marine Kiln Group Delphi Financial Group Tokio Marine America Safety NationalOther Non Insurance Businesses Tokio Marine Asset Management Tokio Marine Technologies Archived 2019 01 08 at the Wayback Machine Tokio Marine amp Nichido Career Service Co Millea Real Estate Risk Management Tokio Marine amp Nichido Facilities Millea Mondial Tokio Marine Nichido SamuelReferences EditTokio Marine Holdings Annual Report 2011 2022 Integrated Annual Report PDF 東京海上ホールディングス株式会社 Tōkyō Kaijō Hōrudingusu Kabushiki gaisha TYO 8766 Tokio Marine Group Tokio Marine Holdings Inc アニュアルレポート ダウンロードセンター 東京海上ホールディングス to be a Good Company PDF Archived from the original PDF on December 20 2016 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 Taiga Uranaka 10 June 2015 Tokio Marine to buy HCC Insurance for 7 5 billion Reuters Retrieved 10 June 2015 Inagaki Kana 3 October 2019 Tokio Marine agrees to buy US insurer Pure Group for 3 1bn Financial Times Retrieved October 3 2019 Tokio Marine to buy U S insurer Pure Group for about 3 billion Reuters 2019 10 03 Retrieved 2019 10 03 a b Olano Gabriel October 1 2020 Tokio Marine announces coal policy climate group unimpressed Insurance Business Asia Key Media External links Edit nbsp Tokyo portal nbsp Companies portal nbsp Wikimedia Commons has media related to Tokio Marine Holdings Company website in Japanese Company website in English nbsp This article about a Japanese corporation or company related topic is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Tokio Marine amp oldid 1180794785, wikipedia, wiki, book, books, library,
