Tokio Marine

Tokio Marine Holdings, Inc. (株式会社東京海上ホールディングス, Kabushiki-kaisha Tōkyō Kaijō Hōrudingusu, TYO: 8766, OTC Pink: TKOMY), formerly known as Millea Holdings until 2008, is a multinational insurance holding company headquartered in Tokyo, Japan. It is the largest property/casualty insurance group in Japan in terms of revenue, employing 29,000 people in 38 countries worldwide.

History

Originally 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.

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.