Monday, April 19, 2010

Sompo Japan Insurance now NKSJ Holdings

Sompo Japan Insurance, which placed 100th spot in the 2010 Global 100, is now a part of holding company NKSJ Holdings, effective April 1, 2010. NIPPONKOA Insurance Company, Limited jointly established this holding company with Sompo Japan Insurance.


The shares of NKSJ Holdings, Inc. have been newly listed on the Tokyo Stock Exchange (First Section) and Osaka Securities Exchange (First Section).

The company's rationale is as such: in the face of the declining birthrate and aging society – the significant challenges Japan faces in the medium to long-term period – as well as of increased risks associated with depopulating society, deteriorating global climate change, and in response to the diversified consumer demands amidst the individuals’ lifestyle changes, companies are urged to take proper actions and contribute to social safety and to customers’ sense of security. Based on this shared perspective, Sompo Japan and Nipponkoa decided to establish a “new solution service group which provides customers with security and service of the highest quality and contribute to social welfare” (the “NKSJ Group”), while sharing as a unitary group the strengths nurtured through 120 years of their respective history.