Tokio Marine, Nichido Fire to merge in 2004

TOKYO, Japan - Tokio Marine & Fire Insurance Co. President Kunio Ishihara (R) and Nichido Fire & Marine Insurance Co. President Tomio Higuchi shake hands at a news conference in Tokyo on March 28 after announcing the merge of the two companies slated for Oct. 1, 2004. The merger, which will create Tokio Marine & Nichido Fire Insurance Co., is aimed at dealing with ''crustal changes'' in the market for property and casualty insurance. (Kyodo)

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Kyodo / Kyodo News Images

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