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Tokio Marine president

TOKYO, Japan - Tokio Marine Holdings Inc. Vice President Tsuyoshi Nagano (R) speaks during a press conference in Tokyo on March 26, 2013, in conjunction with the announcement he will replace Shuzo Sumi (L) as president of the company.

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Tokio Marine president

TOKYO, Japan - Tokio Marine Holdings Inc. Vice President Tsuyoshi Nagano (R) and President Shuzo Sumi shake hands during a press conference in Tokyo on March 26, 2013. Tokio Marine announced that Nagano will replace Sumi as president of the company.

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Tokio Marine President Sumi

TOKYO, Japan - Tokio Marine Holdings Inc. President Shuzo Sumi speaks at a press conference in Tokyo on Dec. 21, 2011. Tokio Marine said the same day it has agreed to acquire Delphi Financial Group Inc., a U.S. life, property and casualty insurance group.

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Tokio Marine to acquire U.S. nonlife insurer for $4.7 billion

TOKYO, Japan - Shuzo Sumi, president of Tokio Marine Holdings Inc., speaks at a news conference in Tokyo on July 23 about a plan to acquire all outstanding shares of U.S. nonlife insurer Philadelphia Consolidated Holding Corp. for $4.7 billion (498.7 billion yen).

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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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Tokio Marine & Nichido to reshuffle top management

TOKYO, Japan - Tokio Marine & Nichido Fire Insurance Co., reeling from a scandal involving nonpayment of insurance benefits, has decided to reshuffle its top management with Shuzo Sumi (in file photo), senior management director, replacing Kunio Ishihara as president, informed sources said on April 12. Ishihara will become chairman without the right to represent the company, the sources said. (Kyodo)

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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. (Kyodo)

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Tokio Marine President Ishihara to resign over nonpayment scanda

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. (Kyodo)

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Tokio Marine President Ishihara to resign over nonpayment scanda

TOKYO, Japan - Kunio Ishihara (L), president of Tokio Marine & Nichido Fire Insurance Co., speaks at a press conference on April 13 after the company decided to promote Senior Managing Director Shuzo Sumi (R) to president in late June. Ishihara will become chairman without the right to represent the company, which has been under fire for nonpayment of insurance benefits to policyholders. (Kyodo)

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Tokio Marine to acquire U.S. nonlife insurer for $4.7 billion

TOKYO, Japan - Shuzo Sumi, president of Tokio Marine Holdings Inc., speaks at a news conference in Tokyo on July 23 about a plan to acquire all outstanding shares of U.S. nonlife insurer Philadelphia Consolidated Holding Corp. for $4.7 billion (498.7 billion yen). (Kyodo)

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Tokio Marine President Sumi

TOKYO, Japan - Tokio Marine Holdings Inc. President Shuzo Sumi speaks at a press conference in Tokyo on Dec. 21, 2011. Tokio Marine said the same day it has agreed to acquire Delphi Financial Group Inc., a U.S. life, property and casualty insurance group. (Kyodo)