, is a multinational insurance

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

headquartered in Tokyo, Japan. It is the largest

property Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, r ...

/ casualty insurance group in Japan in terms of revenue and is the parent company for the Tokio Marine Group which employs 39,000 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. Tokio Marine is part of Mitsubishi, one of the few Japanese giant conglomerates, known as '' 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. 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. In June 2015, Tokio Marine announced it would be acquiring HCC Insurance Holdings for $7.5 billion. Tokio Marine forecast that 46% of its profits would come from outside Japan following the HCC acquisition. 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.

Controversies

Insure Our Future has described Tokio Marine’s environmental policy as “weak”. Unlike its competitor Sompo, Tokio Marine does not plan to stop insuring coal-fired power plants in Japan.

Holdings

Domestic Non-Life Insurance Business * Tokio Marine & Nichido Fire Insurance Co. *Nisshin Fire & Marine Co. * E.design Insurance * Tokio Marine Millea SAST Domestic Life Insurance Business *Tokio Marine & Nichido Life Insurance Co. *Tokio Marine & Nichido Financial Life Insurance Co. International Insurance Business
Tokio Marine HCCPhiladelphia Insurance CompaniesTokio Marine Asia - Regional HQ for Asia Pacific
*First Insurance Company of Hawaii, Ltd.
Tokio Marine Kiln Group
* Delphi Financial Group
Tokio Marine America

Safety National
Other Non-Insurance Businesses
Tokio Marine Asset ManagementTokio Marine Technologies
*Tokio Marine & Nichido Career Service Co. *Millea Real-Estate-Risk Management *Tokio Marine & Nichido Facilities *Millea Mondial *Tokio Marine Nichido Samuel

References

Tokio Marine Holdings - Annual Report 2011

External links

Company website
(in Japanese)
Company website
(in English) Financial services companies established in 1879 Companies listed on the Tokyo Stock Exchange Companies listed on the Osaka Exchange Insurance companies based in Tokyo Mitsubishi companies Japanese companies established in 2002 Holding companies established in 2002 Japanese brands Holding companies based in Tokyo {{japan-company-stub