Tokio marine

Tokio Marine Holdings, Inc. ( Kabushiki-kaisha Tōkyō Kaijō Hōrudingusu?, TYO: 8766, OTC red: TKOMY), previously referred to as Millea Holdings until 2008, is a multinational coverage preserving enterprise situated in Tokyo, Japan. it's far the largest property/casualty coverage institution in Japan in terms of revenue, using 29,000 human beings in 38 international locations international.

at first based in 1879 as Tokio Marine insurance, it's far the oldest coverage business enterprise in Japan. Millea Holdings become mounted in 2002 to become the parent agency to Tokio Marine coverage and Nichido fire coverage in coaching for their merger.

Tokio Marine obtained the Philadelphia insurance groups for $four.7 billion in 2008, and bought the Delphi monetary institution for $2.66 billion in 2012. In June 2015, Tokio Marine announced it would be obtaining HCC insurance Holdings for $7.five billion. Tokio Marine forecast that forty six% of its profits might come from outside Japan following the HCC acquisition.