Sompo Japan Nipponkoa
 |
|
| Private | |
| Industry | Insurance |
| Founded | 1887 as Tokyo Fire Insurance |
| Headquarters | Shinjuku, Tokyo, Japan |
|
Area served
|
Worldwide |
|
Key people
|
Kengo Sakurada (President & CEO) |
| Revenue |
 JP¥ 1,894,121 million (FY 2007) |
|
JP¥ 59,636 million (FY 2007) |
|
|
Number of employees
|
16,095 (2008) |
| Parent | NKSJ |
| Website | [1] |
Sompo Holdings, Inc. (SOMPOホールディングス Sonpo hôrudingusu), formerly NKSJ Holdings and Sompo Japan Nipponkoa (損保ジャパン日本興亜), is a Japanese insurance company. It is the second-largest property insurance company in Japan only behind Tokio Marine, with market share of 19.3% in 2007.
The “Sompo” in the company's name means “property insurance” in Japanese, though Sompo Japan offers a range of financial services including life insurance, securities, asset management and venture capital businesses.
Tokyo Fire Insurance Company, Ltd. was established in 1887 as Japan's first fire insurance company. The company worked to cultivate an awareness of fire insurance, and five branch offices were added within a year. The major Yokosuka fire of 1890, however, nearly toppled the fledgling company.
In 1893, Japanese entrepreneur Zenjiro Yasuda absorbed the Tokyo Fire Insurance Company into the Yasuda zaibatsu. Later, in 1944, Tokyo Fire Insurance, Imperial Marine Insurance, and First Engine & Boiler Insurance merged to become the Yasuda Fire & Marine Insurance Company (安田火災海上保険).
Yasuda Fire made a successful bid for Van Gogh's "Sunflower" paintings for about 5.3 billion yen in 1987.
On July 1, 2002, Yasuda Fire and Nissan Fire & Marine Insurance (日産火災海上保険) merged into a new company, Sompo Japan Insurance Inc.
In December 2002, Sompo Japan acquired Taisei Fire & Marine Insurance.
In September 2014, Sompo Japan acquired Nipponkoa Insurance.
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Wikipedia