History of Former Tokio Marine

1879 August Tokio Marine Insurance Company established
1891 January Meiji Fire Insurance Company, Ltd. established
1914 February Launched Japan's first car insurance
1919 March Mitsubishi Marine and Fire Insurance established
1944 March Tokio Marine, Meiji Fire and Mitsubishi Marine merged to form Tokio Marine & Fire Insurance Co., Ltd.
1970 July Set up a car insurance claims service center
1974 March Tokio Marine Building main building completed
1986 December Tokio Marine Building Annex completed
1987 January Established Tokio Marine Medical Service Co., Ltd.
1989 January Established Tokio Marine Anshin 110 Co., Ltd.
1991 December Established Tokio Marine Capital Co., Ltd.
1996 June Established Tokio Marine Better Life Service Co., Ltd.
August Established Tokio Marine Risk Consulting Co., Ltd.
August Established Tokio Marine Anshin Life Insurance Co., Ltd.
2001 January Reached consensus with Nichido Fire about establishment of joint holding company
2002 April Established Millea Holdings, Inc., becoming its subsidiary with Nichido Fire
June Launched an integrated life and non-life insurance product "Super Insurance"
2003 October Tokio Marine Anshin Life Insurance and Nichido Life merged to form Tokio Marine & Nichido Anshin Life Insurance Co., Ltd.

History of Former Tokio Marine

In August 1879, Tokio Marine Insurance Company ("TMIC") was established as Japan's first insurance company, which started selling cargo insurance. Subsequently, TMIC expanded its product lineup and became a comprehensive non-life insurance company handling marine hull, fire, car, and other insurance. TMIC had 21 agents around the world by the end of March 1880. In September 1880, agency operations were entrusted to branches of Mitsui & Co., Ltd. in Europe and the US. By the end of 1892, premiums earned overseas were four times greater than those earned in Japan. As a result of subsequent investments worldwide, TMIC became comparable to leading global insurance companies in size. TMIC's business scale also expanded in the Japanese market in parallel with the development of the heavy and chemical industries after the First World War. In March 1944, Tokio Marine, Meiji Fire, and Mitsubishi Marine merged to form Tokio Marine & Fire Insurance Co., Ltd., due to an industry reorganization under wartime government measures to strength controls.

The insurance market collapsed after the war due to a decline in GNP. However, after the Korean War, TMIC gradually rebuilt its business and expanded its operations as the economy continued its recovery trend, mainly due to the development of motorization in Japan. In 1995, the Insurance Business Act was revised, and insurance deregulation and industry reorganization progressed. Against this backdrop, Tokio Marine & Nichido Anshin Life Insurance Co., Ltd. (current company name) was established in 1996 to enter the life insurance market. In April 2002, Millea Holdings, Inc. (currently Tokio Marine Holdings, Inc.) was established through a management integration with Nichido Fire. In October 2004, Tokio Marine and Nichido Fire merged.