The story
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.
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.
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.
In September 2026, Tokio Marine's subsidiary Tokio Marine & Nichido Fire Insurance settled litigation brought by Credit Suisse-linked funds in the Federal Court of Australia concerning insurance policies allegedly issued to entities associated with Greensill Capital. The settlement terms were confidential and did not constitute an admission of liability.
From Wikipedia’s article on Tokio Marine, shared under CC BY-SA 4.0.5