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Tokio Marine

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Tokio Marine Holdings, Inc.
Native name
Đông Kinh trên biển ホールディングス kabushiki gaisha
Tōkyō Kaijō Hōrudingusu kabushiki gaisha
Company typePublicKK
IndustryInsurance
Founded1879;145 years ago(1879)
HeadquartersMarunouchi,Tokyo,Japan
Area served
Worldwide
Key people
Shuzo Sumi(Chairman of the Board)
Satoru Komiya(President & Group CEO)
RevenueIncreaseJPY ¥5,863.7 billion (FY2022)
IncreaseJPY ¥420.4 billion (FY2022)
Number of employees
Increase43,048 (March, 2022)[1]
ParentTMTBJinvestment trusts (5.4%)
Meiji Yasuda Life(2.1%)
Websitetokiomarinehd

Tokio Marine Holdings, Inc.[2],is a multinationalinsuranceholding companyheadquartered in Tokyo, Japan. It is the largestproperty/casualty insurancegroup 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.

History[edit]

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 andNichido Fire Insurancein 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 acquiringHCC Insurance Holdingsfor $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[edit]

Insure Our Future has described Tokio Marine’s environmental policy as “weak”.[9]Unlike its competitorSompo,Tokio Marine does not plan to stop insuring coal-fired power plants in Japan.[9]

Holdings[edit]

Tokio Marine Life building inJohor Bahru,Malaysia

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

References[edit]

  1. ^"2022 Integrated Annual Report"(PDF).
  2. ^Đông Kinh trên biển ホールディングス kabushiki gaisha,Tōkyō Kaijō HōrudingusuKabushiki gaisha,TYO:8766
  3. ^"Tokio Marine Group | Tokio Marine Holdings, Inc".
  4. ^"アニュアルレポート | ダウンロードセンター | Đông Kinh trên biển ホールディングス - to be a Good Company -"(PDF).Archived fromthe original(PDF)on December 20, 2016.
  5. ^abFukase, Atsuko (10 June 2015)."Tokio Marine to Buy HCC Insurance for $7.5 Billion".The Wall Street Journal.Retrieved11 June2015.
  6. ^Taiga Uranaka (10 June 2015)."Tokio Marine to buy HCC Insurance for $7.5 billion".Reuters.Retrieved10 June2015.
  7. ^Inagaki, Kana (3 October 2019)."Tokio Marine agrees to buy US insurer Pure Group for $3.1bn".Financial Times.RetrievedOctober 3,2019.
  8. ^"Tokio Marine to buy U.S. insurer Pure Group for about $3 billion".Reuters.2019-10-03.Retrieved2019-10-03.
  9. ^abOlano, Gabriel (October 1, 2020)."Tokio Marine announces coal policy; climate group unimpressed".Insurance Business Asia.Key Media.

External links[edit]

Wikimedia Commons has media related toTokio Marine Holdings.


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