Native name | 東京海上ホールディングス株式会社 |
---|---|
Romanized name | Tōkyō Kaijō Hōrudingusu kabushiki gaisha |
Type | Public KK |
| |
Industry | Insurance |
Founded | 1879 |
Headquarters | Marunouchi, Tokyo, Japan |
Area served | Worldwide |
Key people | Shuzo Sumi (Chairman of the Board) Satoru Komiya (President & Group CEO) |
Revenue | JPY ¥ 5,863.7 billion (FY 2022) |
JPY ¥ 420.4 billion (FY 2022) | |
Number of employees | 43,048 (March, 2022) [1] |
Parent | TMTBJ investment trusts (5.4%) Meiji Yasuda Life (2.1%) |
Website | tokiomarinehd.com |
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.
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]
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]
Domestic Non-Life Insurance Business
Domestic Life Insurance Business
International Insurance Business
Other Non-Insurance Businesses
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
Tokio may refer to:
Marunouchi (丸の内) is a commercial district located in Chiyoda, Tokyo, Japan. Situated between Tokyo Station and the Imperial Palace, the name, meaning "inside the circle", derives from its location within the palace's outer moat. It is also Tokyo's financial district and the country's three largest banks are headquartered there.
Tokio Marine & Nichido Fire Insurance Co., Ltd., commonly called Tokio Marine Nichido, is a property/casualty insurance subsidiary of Tokio Marine Holdings, 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.
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Sompo Holdings, Inc., formerly NKSJ Holdings and Sompo Japan, is a Japanese insurance company. It is the second-largest property insurance company in Japan only behind Tokio Marine, with market share of 19.3% in 2007.
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Hyundai Marine & Fire Insurance Co., Ltd. is an insurance company headquartered in Seoul, South Korea. It is one of the largest non-life insurers in South Korea alongside Samsung Fire & Marine, DB Insurance, and KB Insurance.
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, Chicago, Dallas, Detroit, Farmington (CT), Frederick (MD), Ireland, Leicester (UK), London, Los Angeles, Madrid, Mount Kisco (NY), and New York City.
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F&G Annuities & Life, Inc., previously known as Fidelity and Guaranty Life Insurance Company is an American financial company, primarily providing annuities and life insurance. The company was founded in 1959 and is based in Des Moines, Iowa.
Tokio Millennium Re Ltd. is a reinsurance company headquartered in Hamilton, Bermuda with branches in Stamford, Connecticut, USA, Zurich, Switzerland and Sydney, Australia. The lines of business written include property catastrophe, workers compensation and terrorism.
Tokai Tokyo Financial Holdings, Inc. is a Japanese financial services holding company headquartered in Chūō, Tokyo. It is mainly involved in providing brokerage services through its subsidiary Tokai Tokio Securities.
FWD Group is a multinational insurance company based in Hong Kong. Founded in 2013 as the insurance arm of Pacific Century Group, FWD Group sells life and medical insurance, general insurance and employee benefits in Asia. The company had USD$50.9 billion in assets under management in 2020 and in 2021 was managing US$63 billion in assets. On March 13, 2023, FWD Group refiled its Main Board listing application with The Stock Exchange of Hong Kong. The initial filing was made on February 28, 2022. In 2023, FWD celebrated its 10th anniversary, and currently operates in Hong Kong, Japan, Macau, Singapore, Thailand, Philippines, Indonesia, Vietnam, Malaysia and Cambodia.