Thursday, April 3, 2014

Shuzo Sumi: Tokio Marine Holdings Chairman

Shuzo Sumi is Representative Director and Chairman of The Board of Tokio Marine Holdings. Like many in Japan and the rest of the world the position was reached through years of hard work resulting in the climb up the corporate ladder.

For Sumi the rise to the top post took over 40 years. He joined Tokio Marine in April 1970. Rising through the ranks in June 2000 he became Director and Chief Representative in London, Overseas Division of Tokio Marine. Two years later he became Managing Director of Tokio Marine.
By June 2005 Sumi was appointed Senior Managing Director of Tokio Marine and Nichido. In June 2007 he was both President and Chief Executive Officer of Tokio Marine & Nichido and Tokio Marine Holdings. Six years later on June 2013 he was elected Chairman of the Board of Tokio Marine & Nichido as well as Chairman of the Board of Tokio Marines Holdings.

Tokio Marine Holdings, Inc. was founded in 2002 and headquartered in Tokyo, Japan. It is an insurance holding company, primarily engaged in life and non-life insurance business in Japan and internationally. Earnings for nine months ended December 31, 2012 consolidated ordinary income was JPY 3,167,354 million which was a marked improvement from JPY 2,693,878 million a year ago. The company itself Tokio Marine was actually established in 1879.

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