Tokio Marine Holdings, Inc. history, company profile (overview) and corporate video
Tokio Marine Holdings, Inc. is a global insurance group headquartered in Tokyo, Japan. It is the insurance holding company for Tokio Marine Group.
HISTORY
Tokio Marine Holdings’ history began in 1879 when the Tokio Marine Insurance Company was established as Japan’s first non-life insurance company.
Encouraged by the government’s policy of promoting industrial development in the Meiji era in Japan, the marine shipping and trading businesses were emerging, and required marine insurance to support their expanding operations. To respond to this need, the Tokio Marine Insurance Company was established as Japan’s first insurance company.
In 194, Tokio Marine Insurance launched Japan’s first auto insurance.
In 1923, Tokio Marine Insurance made use of its sound financial base, becoming the sole insurer in the industry to fund the payments for damage caused by earthquakes on its own.
World War II shrunken the marine insurance market, and Tokio Marine started focusing on fire insurance after merging in 1944 with Meiji Fire Insurance, a distinguished fire insurance provider.
In 1959, the company launched Japan’s first liability insurance product.
In 1970, Tokio Marine & Fire Insurance opened auto claims service centers.
In 1996, Tokio Marine Anshin Life Insurance Co. Ltd. was established after the release of the new Insurance Business Act in April 1996, which allowed life insurers and non-life insurers to enter each other’s markets through subsidiaries.
In 1998, Tokio Marine Group developed a personal injury insurance product.
In 2002, Tokio Marine established Millea Holdings (later named Tokio Marine Holdings), and Tokio Marine and Nichido Fire Insurance became subsidiaries before merging in 2004 to form Tokio Marine Nichido Fire Insurance Co., Ltd.
In 2002, the company also launched an integrated life and non-life insurance product.
In 2008, Tokio Marine Group acquired Kiln (U.K.) and Philadelphia Consolidated Holding (U.S.) and expanded its operations in the European and U.S. markets.
In 2012, Tokio Marine acquired the U.S. insurance group Delphi Financial Group, Inc.
In 2015, the company acquired HCC Insurance Holdings (U.S.).
In 2018, Tokio Marine acquired Safety Insurance Public Company Ltd. in Thailand and Hollard Holdings based in South Africa.
In 2020, the company acquired Pure Group in the U.S.
GROUP COMPANIES
Domestic Non-Life Insurance Business
- Tokio Marine & Nichido Fire Insurance Co., Ltd.
- Nisshin Fire & Marine Insurance Co., Ltd.
- E.design Insurance Co., Ltd.
- Tokio Marine Millea SAST Insurance Co., Ltd.
- Tokio Marine West SAST Insurance Co., Ltd.
Domestic Life Insurance Business
- Tokio Marine & Nichido Life Insurance Co., Ltd.
International Insurance Business
North America
- Tokio Marine North America, Inc.
- Philadelphia Insurance Companies
- Delphi Financial Group, Inc.
- Tokio Marine HCC
- Privilege Underwriters, Inc.
Europe
- Tokio Marine Kiln Group
Asia
- Tokio Marine Asia Pte. Ltd.
South America
- Tokio Marine Seguradora S.A.
Financial and Other Businesses
- Tokio Marine Asset Management Co., Ltd.
- Tokio Marine Mezzanine Co., Ltd.
- Tokio Marine & Nichido Career Service Co., Ltd.
- Tokio Marine Nichido Better Life Service Co., Ltd.
- Tokio Marine & Nichido Facilities, Inc.
- Tokio Marine & Nichido Medical Service Co., Ltd.
- Tokio Marine dR Co., Ltd.
- Tokio Marine Assistance Co., Ltd.
- Tokio Marine Business Support Co., Ltd.
With more than 39,000 employees and a presence in the U.S. and European markets, Tokio Marine Holdings, Inc. is considered one of the largest companies in the global insurance market. It is also one of Japan’s largest property & casualty insurance groups in terms of revenue. According to Forbes, it is considered one of the Largest Public Companies in The World.
*Information from Forbes.com, Wikipedia.org, and www.tokiomarinehd.com/en.
**Video published on YouTube by “tokiomarineindonesia“