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5 of 6 top nonlife insurers see drops in FY 2006 profits

TOKYO, Japan - Millea Holdings Inc. Executive Director Tomohiro Kotani (C) speaks at a press conference about the company's business results for fiscal 2006. Five of Japan's six major nonlife insurers saw their net profits decline in fiscal 2006 due to increased insurance payments following a powerful typhoon and risings costs to deal with their nonpayment of legitimate insurance claims.

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Millea, Asahi scrap management integration plan

TOKYO, Japan - Asahi Mutual Life Insurance Co. President Yuzuru Fujita speaks at a news conference in Tokyo on Jan. 10 after Millea Holdings Inc., a large nonlife insurer with a life insurance division, and financially troubled Asahi announced an agreement to scrap a plan for their management integration in 2004.

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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 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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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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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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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.

E

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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5 of 6 top nonlife insurers see drops in FY 2006 profits

TOKYO, Japan - Millea Holdings Inc. Executive Director Tomohiro Kotani (C) speaks at a press conference about the company's business results for fiscal 2006. Five of Japan's six major nonlife insurers saw their net profits decline in fiscal 2006 due to increased insurance payments following a powerful typhoon and risings costs to deal with their nonpayment of legitimate insurance claims. (Kyodo)

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Millea, Asahi scrap management integration plan

TOKYO, Japan - Asahi Mutual Life Insurance Co. President Yuzuru Fujita speaks at a news conference in Tokyo on Jan. 10 after Millea Holdings Inc., a large nonlife insurer with a life insurance division, and financially troubled Asahi announced an agreement to scrap a plan for their management integration in 2004. (Kyodo)

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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.

E

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.