Sompo Japan

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Sompo Japan Insurance Inc.

Logo used since 2020
The Sompo Japan Building, in Shinjuku, Tokyo
Native name	損害保険ジャパン株式会社
Romanized name	Songai Hoken Japan Kabushiki-gaisha
Formerly	Tokyo Fire Insurance (1887-1944) The Yasuda Fire & Marine Insurance Co., Ltd. (1944-2002) Sompo Japan Insurance Inc. (2002-2015) Sompo Japan Nipponkoa Insurance Inc. (2015-2020)
Company type	Subsidiary
Traded as	TYO: 8755
Industry	Insurance
Founded	1887; 138 years ago (1887) (as Tokyo Fire Insurance)
Headquarters	Nishi-Shinjuku, Shinjuku Tokyo , Japan
Area served	Worldwide
Key people	Koji Ishikawa (President & CEO)[1]
Revenue	JPY ¥ 4,167.4 billion (FY 2022)[2]
Net income	JPY ¥ 224.8 billion (FY 2022)
Owner	SOMPO Holdings
Number of employees	47,776 (March, 2022)
Website	www.sompo-japan.co.jp/english/

Sompo Japan, Inc. (損害保険ジャパン株式会社, Songai Hoken Japan Kabushiki-gaisha, lit. "General Insurance Japan"), formerly known as Sompo Japan Nipponkoa Insurance, Inc. (損害保険ジャパン日本興亜株式会社, Songai Hoken Japan Nihonkoa), is a Japanese

The “Sompo” in the company's name means “general insurance" (損害保険, songai hoken) 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

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.

In December 2022, the heirs to the Jewish banker and art collector Paul von Mendelsohn-Bartholdly filed suit in Chicago to reclaim the Van Gogh, alleging that the insurance company ignored the Holocaust-linked history of the painting during its acquisition in 1987.^[5]

In 2023, Sompo Japan was implicated in an

In June 2005, Sompo Japan established Sompo Japan Insurance (China) Co., Ltd. in Dalian, China.

Sompo Japan's Australian branch has more than 35 years of operating history.

In 2007, Sompo Japan developed its business in Malaysia by purchasing a 30% stake of Berjaya General Insurance Bhd, now Berjaya Sompo Insurance.

In 2008, Sompo Japan established a joint venture with Karnataka Bank, Indian Overseas Bank and Allahabad Bank (Which later merged with Indian Bank^[10] and Dabur Investment Corp. in India, Universal Sompo General Insurance (main office in Mumbai).

Sompo Japan has been serving clients in Europe for about 50 years with offices in the United Kingdom, Belgium, France, Germany, Italy, the Netherlands, Spain and Turkey. Sompo Japan Insurance Company of Europe, a corporate member of Lloyd's of London since 1993, conducts underwriting and provides claim settlement, risk management and insurance information mainly to Japanese companies.

In April 2014, Sompo concluded the purchase of specialist Lloyd's of London market company Canopius Group for £594m.^[11]

Through its subsidiary Sompo Japan Insurance Company of America, headquartered in New York, Sompo Japan conducts property and casualty insurance operations in the United States and Canada. Sompo Japan Insurance De Mexico S.A. de C.V. started local operation in Mexico in 1998.

In South America, Sompo Japan's main base of operations is its subsidiary in Brazil, Yasuda Seguros S.A., established in 1958. The majority of Yasuda Seguros clients are local businesses and individuals.

In October 2016, Sompo Japan Nipponkoa has completed its acquisition of Bermuda-based insurer Endurance and will integrate it into its newly launched, fully integrated re/insurance platform in Bermuda, named Sompo International.

The new organization will have a board of its own, led by John Charman as chairman and CEO. He will report to Sompo CEO Kengo Sakurada. Charman was chairman and CEO of Endurance prior to its acquisition.

In October 2016, Sompo announced the initiation of processes to buy 100% of Endurance for the sum of US$6.3 billion. Endurance was delisted from the New York Stock Exchange upon completion of the transaction.

• Official website