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Japan, U.S. business chiefs urge sales tax hike to 10%

TOKYO, Japan - Kunio Ishihara (L), counselor at Tokio Marine & Nichido Fire Insurance Co., and John Lechleiter, chief executive officer of pharmaceutical firm Eli Lilly and Co., shake hands at a Tokyo hotel on Nov. 14, 2014, after a press conference following an annual meeting of the Japan-U.S. Business Conference. The business leaders urged Japan's government to increase the consumption tax rate to 10 percent next year as planned to secure its commitment to fiscal rehabilitation.

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Japan, U.S. business chiefs urge sales tax hike to 10%

TOKYO, Japan - Kunio Ishihara (L), counselor at Tokio Marine & Nichido Fire Insurance Co., and John Lechleiter, chief executive officer of pharmaceutical firm Eli Lilly and Co., attend a press conference at a Tokyo hotel on Nov. 14, 2014, following an annual meeting of the Japan-U.S. Business Conference. The business leaders urged Japan's government to increase the consumption tax rate to 10 percent next year as planned to secure its commitment to fiscal rehabilitation.

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Japan's largest nonlife insurer launched

TOKYO, Japan - Masaya Futamiya, president of Sompo Japan Nipponkoa Insurance Inc., gives an address in Tokyo on Sept. 1, 2014, at a commemoration ceremony for the new company created through a merger of Sompo Japan Insurance Inc. and Nipponkoa Insurance Co. The new entity is Japan's largest nonlife insurer, exceeding Tokio Marine & Nichido Fire Insurance Co.

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Tokio Marine's nonpayment cases

TOKYO, Japan - Tsuyoshi Nagano, president of Tokio Marine & Nichido Fire Insurance Co., holds a press conference in Tokyo on Feb. 7, 2014, regarding cases of unpaid insurance benefits involving the company.

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Nonlife insurers punish execs over failures to pay benefits

TOKYO, Japan - President Kunio Ishihara (L) and Senior Managing Director Shuzo Sumi (R) of Tokio Marine & Nichido Fire Insurance Co. bow in apology at a news conference in Tokyo on April 13 where the insurer said it will punish senior executives over failure to pay due insurance benefits. Ishihara is stepping down and will be replaced by Sumi.

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Tokio Marine President Ishihara to resign over nonpayment scandal

TOKYO, Japan - Shuzo Sumi, senior managing director of Tokio Marine & Nichido Fire Insurance Co., speaks at a press conference on April 13 after being appointed to replace Kunio Ishihara as president. Japan's leading property and casualty insurer has been under fire for nonpayment of insurance benefits to policyholders.

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Tokio Marine President Ishihara to resign over nonpayment scandal

TOKYO, Japan - Shuzo Sumi, senior managing director of Tokio Marine & Nichido Fire Insurance Co., speaks at a press conference on April 13 after being appointed to replace Kunio Ishihara as president. Japan's leading property and casualty insurer has been under fire for nonpayment of insurance benefits to policyholders.

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NHK management panel head Ishihara resigns

TOKYO, Japan - Kunio Ishihara, head of the management committee of Japan's public broadcaster NHK, who stepped down from the chairman post on April 10, citing the need to focus on his business as president of Tokio Marine & Nichido Fire Insurance Co.

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Tokio Marine & Nichido President Ishihara likely to resign: sources

TOKYO, Japan - File photo shows Tokio Marine & Nichido Fire Insurance Co. President Kunio Ishihara, who is expected to resign at the end of June to facilitate the company's efforts to regain the trust of policyholders following a scandal involving nonpayment of insurance benefits, according to company sources on April 7.

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6 major nonlife insurers report 1.2 bil. yen in nonpayment cases

TOKYO, Japan - Japan's six major property and casualty insurance firms failed to pay a total of 1.22 billion yen in insurance claims in 4,365 cases involving medical and other ''third-sector'' insurance policies between July 2001 and June 2006, according to figures reported by them Oct. 31 to the Financial Services Agency. Kunio Ishihara (C), president of Tokio Marine & Nichido Fire Insurance Co., and executives of five other companies apologized during a news conference in Tokyo the same day.

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Major insurers' nonpayment cases rise to over 200,000

TOKYO, Japan - Kunio Ishihara, president of Tokio Marine & Nichido Fire Insurance Co., apologizes at a news conference in Tokyo on Sept. 29 after Japan's top six nonlife insurers, including his company, have reported to financial authorities thousands of additional cases of failure to pay promised insurance benefits to policyholders.

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Emperor visits deep-sea drilling vessel

YOKOHAMA, Japan - Emperor Akihito and Empress Michiko, accompanied by their daughter Princess Sayako, look at the control panel of a deep-sea drilling vessel of the Japan Agency for Marine-Earth Science & Technology berthed at Daikoku Pier of Yokohama port on Sept. 9. (Pool photo)

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American executive from AIG to head Fuji Fire & Marine

OSAKA, Japan - Fuji Fire & Marine Insurance Co. said May 21 that Bijan Khosrowshahi (L) from its major shareholder American International Group Inc. will assume its presidency in June, making him the first non-Japanese to head a listed Japanese nonlife insurance company. Photo shows Khosrowshahi, who will replace Katsumi Nakajima, speaking at a news conference in Osaka.

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No excessive FSA meddling in insurers deal: Takenaka

TOKYO, Japan - Financial Services Minister Heizo Takenaka submits a report to the Diet on July 8, saying there was no illegal or excessive intervention by a top Financial Services Agency (FSA) official in a failed merger involving Tokio Marine & Fire Insurance Co. in 2002.

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Part of unmanned Kaiko deep-sea twin probes missing

TOKYO, Japan - The Japan Marine Science & Technology Center (JMSTEC) said May 30 one of the unmanned Kaiko twin deep-sea probes, seen in lower half of file photo, went missing during an underwater mission off southern Shikoku.

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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.

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Tokio Marine to take one-third stake in Nisshin Fire

TOKYO, Japan - Michio Noda (L), president of Nisshin Fire & Marine Insurance Co., and Kunio Ishihara, president of Tokio Marine & Fire Insurance Co., shake hands at a news conference at the Bank of Japan's head office in Tokyo on Feb. 13 after announcing a business and capital alliance.

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Yasuda, Nissan merge to create No. 2 nonlife insurer

TOKYO, Japan - Hiroshi Hirano (2nd from R), president of Sompo Japan Insurance Inc., and other company executives join hands at a ceremony July 1 in Tokyo to mark the launch of Sompo Japan. Yasuda Fire & Marine Insurance Co. and Nissan Fire & Marine Insurance Co. merged to create Sompo Japan, Japan's second-largest nonlife insurer.

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Tokio Marine, Nichido Fire launch Millea Holdings

TOKYO, Japan - The chairman and president of Millea Holdings Inc. -- Tomio Higuchi (R) and Kunio Ishihara -- shake hands at a ceremony in Tokyo on April 2 to launch the holding company, which integrated operations of Tokio Marine & Fire Insurance Co. and Nichido Fire & Marine Insurance Co.

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Tokio Marine, Asahi Mutual ditch early merger

TOKYO, Japan - Asahi Mutual Life Insurance Co. President Yuzuru Fujita (fore) and Tokio Marine & Fire Insurance Co. President Kunio Ishihara (back) take their seats for a news conference in Tokyo on Jan. 31. They said the two firms have scrapped a plan to integrate their life insurance operations in March 2003 by merging Asahi Mutual and a Tokio Marine subsidiary.

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Taisei Fire fails due to Sept. 11 attack claims

TOKYO, Japan - Taisei Fire & Marine Insurance Co. President Ichiro Ozawa leaves a press conference room Nov. 22, 2001 after announcing his firm has filed for bankruptcy under a special rehabilitation law for insurers, succumbing to the weight of massive claims stemming from the Sept. 11 attacks in the United States. ''An accident involving an airplane crashing in the middle of New York was not something we had included in our calculations,'' he said.

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Taisei Fire collapses under Sept. 11 attack claims

TOKYO, Japan - Ichiro Ozawa (standing), president of Taisei Fire & Marine Insurance Co., bows at a news conference at the Bank of Japan's head office in Tokyo on Nov. 22. Ozawa said the midsize casualty insurer filed for insolvency proceedings that day due to the weight of massive claims stemming from the Sept. 11 terrorist attacks in the United States.

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Tokio Marine, Asahi Mutual to mull regrouping plan

TOKYO, Japan - Tokio Marine & Fire Insurance Co. President Kunio Ishihara (L) and Asahi Mutual Life Insurance Co. President Yuzuru Fujita speak at a news conference in Tokyo on Nov. 13, 2001. They said the two firms have agreed to mull plans to integrate their life insurance operations as soon as possible in line with the planned creation of the Millea Insurance Group in March 2001.

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Tokio Marine, Nichido Fire unveil outline of new holding firm

TOKYO, Japan - Nichido Fire & Marine Insurance Co. President Tomio Higuchi (L) and Tokio Marine & Fire Insurance Co. President Kunio Ishihara shake hands at a news conference in Tokyo on Sept. 28. They announced the outline of their planned joint holding company and a new policy designed to provide tailor-made insurance coverage.

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Taiyo Mutual, Nipponkoa in nonlife insurance tie-up

TOKYO, Japan - Ken Matsuzawa (L), president of Nipponkoa Insurance Co., Masahiro Yoshiike (C), president of Taiyo Mutual Life Insurance Co., and Tsunaie Kanie, president of Taiyo Fire & Marine Insurance Co., speak about their alliance at a news conference in Tokyo on Aug. 23. Nipponkoa Insurance Co. and Taiyo Mutual Life Insurance Co. have agreed to tie up in the nonlife insurance business. They have also agreed to merge Taiyo Mutual's nonlife insurance unit, Taiyo Fire & Marine Insurance Co., with Nipponkoa.

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Hundreds line up for Tokio Marine job interviews

TOKYO, Japan - Hundreds of mostly female college students and their parents line up on May 12 at the Tokyo headquarters of Tokio Marine & Fire Insurance Co. in central Tokyo, seeking reservation tickets for clerical staff job interviews. Tokio Marine is one of the most popular companies for graduating college students seeking jobs. The long queues reflect Japan's severe employment situation.

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Kyoei to join Millea insurers group

TOKYO, Japan - (From L to R) Asahi Mutual Life Insurance Co. President Yuzuru Fujita, Kyoei Mutual Fire & Marine Insurance Co. President Wataru Ozawa, Tokio Marine & Fire Insurance Co. President Kokei Higuchi and Nichido Fire & Marine Insurance Co. President Takashi Aihara join hands at a news conference in Tokyo on March 22. They announced Kyoei will join the Millea Insurance Group to be set up by the three other firms under a joint holding company by the end of 2004.

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Agricultural insurance federation to tie up with Kyoei

TOKYO, Japan - Wataru Ozawa (L), president of Kyoei Mutual Fire & Marine Insurance Co., and Shoichi Arai, chairman of the National Mutual Insurance Federation of Agricultural Cooperatives, shake hands at a press conference in Tokyo on Feb. 17. They announced the two sides have reached an agreement to jointly develop new insurance products in what would be the first tie-up between the federation and another insurer.

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Search abandoned for acquirer of failed Daiichi Mutual

TOKYO, Japan - Yuzuru Araki, administrator of failed Daiichi Mutual Fire & Marine Insurance Co., speaks at a news conference in Tokyo on Jan. 17. He said he has given up efforts to find a financial institution willing to acquire the midsize casualty insurer.

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Tokio, Nichido, Asahi holding firm to be named 'Millea'

TOKYO, Japan - (From L TO R) Yuzuru Fujita, president of Asahi Mutual Life Insurance Co., Kokei Higuchi, president of Tokio Marine & Fire Insurance Co., and Takashi Aihara, president of Nichido Fire & Marine Insurance Co., shake hands at a news conference in Tokyo on Jan. 11. They announced an agreement to form a holding firm to be named Millea Insurance Group, an appellation associated with the new millennium.

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3 presidents of nonlife insurance firms announce merger plan

TOKYO, Japan - Ryutaro Sato (L), president of Nissan Fire & Marine Insurance Co., Hiroshi Hirano (C), president of Yasuda Fire & Marine Insurance Co., and Ichiro Ozawa, president of Taisei Fire & Marine Insurance Co., join hands at the Bank of Japan headquarters in Tokyo on Dec. 14 after announcing plans for the three nonlife insurers to merge in April 2002.

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Three Japanese nonlife insurers to merge

TOKYO, Japan - (From L to R) Ryutaro Sato, president of Nissan Fire & Marine Insurance Co., Ichiro Ozawa, president of Taisei Fire & Marine Insurance Co., and Hiroshi Hirano, president of Yasuda Fire & Marine Insurance Co., shake hands at a news conference Nov. 2 after announcing an agreement to enter talks on their merger in April 2002.

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Yasuda Fire, Nissan Fire, Taisei Fire eye integration

TOKYO, Japan - Yasuda Fire & Marine Insurance Co. (file photo of headquarters), Japan's second-largest nonlife insurer, has entered final talks with Nissan Fire & Marine Insurance Co. and Taisei Fire & Marine Insurance Co. to integrate management, possibly by April 2002, industry sources said Nov. 2. Each firm has close business ties with the Mizuho Financial Group.

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Dai-Tokyo, Chiyoda insurance firms announce merger terms

TOKYO, Japan - Dai-Tokyo Fire & Marine Insurance Co. and Chiyoda Fire & Marine Insurance Co. on Sept. 8 announce the outline of the new firm to be set up as a result of their merger next April 1. The new company comprising Dai-Tokyo and Chiyoda, both midsize casualty and automobile insurance companies based in Tokyo, will be called Aioi Insurance Co. Photo, taken at the Tokyo Kaikan Building in Chiyoda Ward shows Dai-Tokyo President Akira Seshimo (R) and Chiyoda President Koji Fukuda displaying the new company's logo.

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NCB begins operations under new owners

TOKYO, Japan - Nippon Credit Bank (NCB) opens Sept. 4 for its first official day of business under the ownership of a consortium led by Internet investor Softbank Corp., following 21 months of state control that ended Sept. 1. The new management is expected to adopt a plan to rename the institution Aozora Bank in January 2001. Aozora means ''blue sky'' in Japanese. Photo shows new NCB executives (from L to R) of Kokei Higuchi, president of Tokio Marine & Fire Insurance Co., Masayoshi Son, president of Softbank Corp., Tadayo Homma, a former executive director of the Bank of Japan, who is expected to become president of the new bank, and Yoshihiko Miyauchi, chairman of Orix Corp.

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Dai-ichi Life, Yasuda Fire agree on alliance

TOKYO, Japan - Tomijiro Morita (L), president of Dai-ichi Mutual Life Insurance Co., and Hiroshi Hirano, president of Yasuda Fire & Marine Insurance Co., shake hands after announcing in Tokyo on Aug. 28 they have agreed to form a wide-ranging business alliance. The alliance between Dai-ichi Mutual, Japan's second-largest life insurer, and Yasuda Fire, the No. 2 nonlife insurer, is the first between a major life insurer and nonlife insurer in Japan.

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Yasuda Fire & Marine to team up with Dai-ichi Mutual Life

TOKYO, Japan - Photo shows the head office in Tokyo's Nishi-Shinjuku district of Yasuda Fire & Marine Insurance Co., which plans to enter into a comprehensive business tie-up with Dai-ichi Mutual Life Insurance Co.

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Dai-ichi Mutual Life, Yasuda Fire & Marine to tie up

TOKYO, Japan - Photo shows the head office in Tokyo's Yurakucho business district of Dai-ichi Mutual Life Insurance Co., which plans to join hands with Yasuda Fire & Marine Insurance Co. with a view to integrating operations in the future.

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FRC inks accord to sell NCB to Softbank-led group

TOKYO, Japan - Tadayo Homma (L), next president of Nippon Credit Bank (NCB), joins hand with Shunsuke Takeda (2nd from L), vice president of leasing company Orix Corp., Softbank Corp. founder and President Masayoshi Son (3rd from L), and Tomochika Iwashita (R), managing director of Tokio Marine & Fire Insurance Co., at a Tokyo hotel on June 6 after the government's Financial Reconstruction Commission (FRC) and Deposit Insurance Corp. (DIC) signed a basic agreement earlier in the day to sell the nationalized NCB to the tripartite consortium led by Softbank.

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Daiichi Mutual Fire execs meet press after suspension order

TOKYO, Japan - Koichi Hirai (R), president of Daiichi Mutual Fire & Marine Insurance Co., and its chairman Fujio Matsumuro, meet the press in Tokyo on May 1, after the Financial Supervisory Agency ordered the Tokyo-based insurer to suspend some of its operations. The midsize insurer told the agency earlier in the day that it had abandoned its rehabilitation attempt.

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Daiichi Mutual Fire ordered to halt operations

TOKYO, Japan - People bustle around Daiichi Mutual Fire & Marine Insurance Co. in Tokyo's Chiyoda Ward on May 1 after the Financial Supervisory Agency (FSA) ordered the debt-ridden company to suspend some of its operations. The FSA made the move after the midsize insurer told the agency earlier in the day that it had abandoned its rehabilitation efforts. Daiichi is the first casualty and property insurer to collapse in Japan's postwar history.

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Tokio Marine's Kitazawa to become president

Toshifumi Kitazawa, executive vice president of Tokio Marine & Nichido Fire Insurance Co., holds a press conference in Tokyo on Jan. 13, 2016, after the nonlife insurer announced Kitazawa will succeed Tsuyoshi Nagano as president on April 1, when Nagano will become chairman. (Kyodo) ==Kyodo

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Online company PR

Tokyo Marine & Nichido Fire Insurance Co. employees explain their company online in Tokyo on Aug. 26, 2020, as part of the company's recruitment campaign.

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Japan names new ambassadors to Greece, El Salvador, Georgia

Undated combined photo shows (from L) Tadaharu Uehara, an adviser to Tokio Marine & Nichido Fire Insurance Co., Kazuyoshi Higuchi, a senior official of Sumitomo Corp., and Yasuhiro Shimizu, a former chief of the Secretariat of the Nuclear Regulation Authority. The Japan government on June 20, 2017 appointed Uehara, Higuchi and Shimizu as ambassadors to Georgia, El Salvador and Greece, respectively. (Kyodo) ==Kyodo

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Tokyo DisneySea to open new Nemo attraction

The new Nemo & Friends SeaRider attraction at Tokyo DisneySea in Urayasu, Chiba Prefecture, is shown to reporters on May 8, 2017, ahead of its opening to the public on May 12. Oriental Land Co. invested about 5 billion yen for the new attraction that allows visitors to explore the marine world of the animation film "Finding Nemo" and its sequel "Finding Dory." (Kyodo) ==Kyodo

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Tokyo DisneySea to open new Nemo attraction

Reporters are given a preview of the new Nemo & Friends SeaRider attraction at Tokyo DisneySea in Urayasu, Chiba Prefecture, on May 8, 2017, ahead of its opening to the public on May 12. Oriental Land Co. invested about 5 billion yen for the new attraction that allows visitors to explore the marine world of the animation film "Finding Nemo" and its sequel "Finding Dory." (Kyodo) ==Kyodo

Japan, U.S. business chiefs urge sales tax hike to 10%

Japan, U.S. business chiefs urge sales tax hike to 10%

Japan's largest nonlife insurer launched

Tokio Marine's nonpayment cases

Nonlife insurers punish execs over failures to pay benefits

Tokio Marine President Ishihara to resign over nonpayment scandal

Tokio Marine President Ishihara to resign over nonpayment scandal

NHK management panel head Ishihara resigns

Tokio Marine &amp; Nichido President Ishihara likely to resign: sources

6 major nonlife insurers report 1.2 bil. yen in nonpayment cases

Major insurers' nonpayment cases rise to over 200,000

Emperor visits deep-sea drilling vessel

American executive from AIG to head Fuji Fire &amp; Marine

No excessive FSA meddling in insurers deal: Takenaka

Part of unmanned Kaiko deep-sea twin probes missing

Tokio Marine, Nichido Fire to merge in 2004

Tokio Marine to take one-third stake in Nisshin Fire

Yasuda, Nissan merge to create No. 2 nonlife insurer

Tokio Marine, Nichido Fire launch Millea Holdings

Tokio Marine, Asahi Mutual ditch early merger

Taisei Fire fails due to Sept. 11 attack claims

Taisei Fire collapses under Sept. 11 attack claims

Tokio Marine, Asahi Mutual to mull regrouping plan

Tokio Marine, Nichido Fire unveil outline of new holding firm

Taiyo Mutual, Nipponkoa in nonlife insurance tie-up

Hundreds line up for Tokio Marine job interviews

Kyoei to join Millea insurers group

Agricultural insurance federation to tie up with Kyoei

Search abandoned for acquirer of failed Daiichi Mutual

Tokio, Nichido, Asahi holding firm to be named 'Millea'

3 presidents of nonlife insurance firms announce merger plan

Three Japanese nonlife insurers to merge

Yasuda Fire, Nissan Fire, Taisei Fire eye integration

Dai-Tokyo, Chiyoda insurance firms announce merger terms

NCB begins operations under new owners

Dai-ichi Life, Yasuda Fire agree on alliance

Yasuda Fire &amp; Marine to team up with Dai-ichi Mutual Life

Dai-ichi Mutual Life, Yasuda Fire &amp; Marine to tie up

FRC inks accord to sell NCB to Softbank-led group

Daiichi Mutual Fire execs meet press after suspension order

Daiichi Mutual Fire ordered to halt operations

Tokio Marine's Kitazawa to become president

Online company PR

Japan names new ambassadors to Greece, El Salvador, Georgia

Tokyo DisneySea to open new Nemo attraction

Tokyo DisneySea to open new Nemo attraction

Tokio Marine & Nichido President Ishihara likely to resign: sources

American executive from AIG to head Fuji Fire & Marine

Yasuda Fire & Marine to team up with Dai-ichi Mutual Life

Dai-ichi Mutual Life, Yasuda Fire & Marine to tie up