, commonly called Tokio Marine Nichido, is a
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 Casualty insurance is a defined term which broadly encompasses insurance not directly concerned with life insurance, health insurance, or property insurance.
Casualty insurance is mainly liability coverage of an individual or organization for ne ...
subsidiary of
Tokio Marine Holdings
, 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 people in 38 ...
, the largest non-mutual private insurance group in
Japan. Tokio Marine Holdings was formerly known as Millea Group, which underwent a name change in July 2008. Its headquarters are in
Marunouchi,
Chiyoda, Tokyo.
Corporate Profile
" Tokio Marine Nichido. Retrieved on July 24, 2011. "Address of Head Office 2-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo"
The company is one of the very few groups and individuals that still use the spelling Tokio for the city in the English language.
History
The Tokio Marine and Fire Insurance
The antecedent Tokyo Marine insurance is the first insurance company (as the marine insurance company) in Japan, and also the top sales damage insurance company of Japan in pre-war
War is an intense armed conflict between states, governments, societies, or paramilitary groups such as mercenaries, insurgents, and militias. It is generally characterized by extreme violence, destruction, and mortality, using regular o ...
era.
* August, 1879 - Tokyo Marine Insurance (東京海上保険) established.
* January, 1891 - Meiji Fire Insurance (明治火災保険) established.
* April, 1918 - Tokyo Marine Insurance changes the trade name to Tokyo Marine and Fire Insurance (東京海上火災保険).
* March, 1919 - Mitsubishi Marine and Fire Insurance (三菱海上火災保険) established.
* March, 1944 - Tokio Marine and Fire Insurance acquires Meiji Fire Insurance and the Mitsubishi Marine and Fire insurance.
The Nichido Fire & Marine Insurance
The company was one of the "Big Three Personal property insurance companies" in pre-war Japan. It belonged to the old Yasuda zaibatsu.
* February, 1898 - Tokyo Article Fire Insurance (東京物品火災保険) established.
* November, 1911 - Toho Fire Insurance (東邦火災保険) established.
* January, 1914 - Tokyo Article Fire Insurance change the trade name to the Japan Personal Property fire insurance (日本動産火災保険).
* August, 1944 - Japan Personal Property fire insurance acquires Toho Fire Insurance.
* December, 1946 - Change of trade name to Nichido Fire & Marine Insurance.
Merger
On 1 November 2004, Tokio Marine & Fire Insurance and Nichido Fire and Marine Insurance merged to create Tokio Marine & Nichido Fire Insurance Co., Ltd.
In 2008 Tokio Marine the president of the company resigned. It was found that the company had fraudulently failed to pay out insurance claims in over 1000 cases, they neglected to pay benefits on another 85,000 insurance products and they overcharged policyholders on premiums, causing a major scandal involving over 7 billion yen ($86,000,000 in today’s money) and leading to penalties for over 170 executives.
Subsidiaries
Japan
* Tokio Marine Asset Management Co.
* Tokio Marine Capital Co.
* Tokio Marine Financial Solutions
* Tokio Marine & Nichido Card Service Co.
* Tokio Marine & Nichido Medical Service Co.
* Tokio Marine Nichido Better Life Service Co.
* Tokio Marine Nichido Systems Co.
* Tokio Marine & Nichido Communications Co.
*Tokio Marine Research Institute
Tokio may refer to:
* , the capital of Japan, used primarily in non-English-speaking countries
may also refer to:
Music
* Tokio (band), a Japanese pop/rock band
** ''Tokio'' (album), their debut album
* Tokio Hotel, a German rock band
* Tok ...
* International Assistance Co.
* Tokio Marine & Nichido Risk Consulting Co.
* Tokio Marine & Nichido Corporation Co.
* Japan Real Estate Asset Management Co.
Overseas
People's Republic of China
* Tokio Marine & Fire Insurance Company (Hong Kong)
* Tokio Marine Investment Services Ltd.
* Sino Life Insurance Co.
Singapore
* Tokio Marine Malayan Insurance Co., Inc.
* The Tokio Marine and Fire Insurance Company (Singapore) Pte. Limited
* TM Claims Service Asia Pte. Ltd.
* Tokio Marine Retakaful Pte. Ltd.
Thailand
* The Sri Muang Insurance Co., Ltd.
* Millea Life Insurance (Thailand) Public Co., Ltd.
United Kingdom
* Tokio Marine Kiln
United Arab Emirates
* Tokio Marine Middle East, Ltd.
Tokio Marine & Nichido Fire Insurance Co. Ltd.
United States
*Tokio Marine HCC
Tokio Marine HCC is an international specialty insurance group with offices across the United States, the United Kingdom, Spain, and Ireland. The company is based in Houston, Texas, U.S.A. but has major offices in Atlanta, Barcelona, Boston, Chic ...
*Philadelphia Insurance Companies
*Tokio Marine Management, Inc.
*Tokio Marine Technologies LLC
*Trans Pacific Insurance Company
*TM Casualty Insurance Company
*TM Specialty Insurance Company
*TNUS Insurance Company
*First Insurance Company of Hawaii, Ltd.
*TM Claims Service, Inc.
*Tokio Marine North America Services LLC.
Other countries
* Australia: Tokio Marine Management (Australasia) Pty. Ltd.
* Bahrain: The Arab Eastern Insurance Co., Ltd.
* Brazil: Tokio Marine Seguradora S.A.
* Bermuda: Tokio Millennium Re Ltd.
* Egypt: okio Marine EgyptNile Takaful
* Guam: Tokio Marine Pacific Insurance Limited
* India: IFFCO Tokio General Insurance Company Limited
* India: Edelweiss Tokio Life Insurance Company Limited
* Indonesia: P.T. Asuransi Tokio Marine Indonesia
* Ireland: Tokio Marine Global Re Limited
* Vietnam: Bao Viet Tokio Marine Joint Venture Company.
* Malaysia: Tokio Marine Insurans (Malaysia) Bhd.
* México: Tokio Marine Compañía de Seguros, S.A. de C.V.
* Republic of China (Taiwan): Tokio Marine Newa Insurance Co., Ltd.
* Kingdom of Saudi Arabia: Alinma Tokio Marine Company
* United Arab Emirates:Tokio Marine Middleeast Limited
* United Arab Emirates:Tokio Marine Nichido Insurance UAE
References
External links
TokioMarine-Nichido.co.jp
{{Authority control
Tokio Marine
Companies formerly listed on the Tokyo Stock Exchange
Insurance companies based in Tokyo
Insurance companies of Hong Kong
Tokio Marine and Nichido Fire Insurance
Financial services companies established in 1879
Marine insurance companies
Japanese companies established in 1879