Tokio Marine Holdings buys HCC Insurance for $7.5bn
Tokio says the acquisition accelerates growth in scale and profits.
Tokio Marine Holdings (TMHD) has reached an agreement to buy HCC Insurance Holdings (HCC) for $7.5bn (£4.85bn).
TMHD announced today that it will acquire 100% of HCC's outstanding shares, amounting to 96,201,045 shares, through its wholly owned subsidiary Tokio Marine & Nichido Fire Insurance.
The acquisition has been approved by the board of directors of both TMHD and HCC.
Size
HCC is an American insurance holding company comprising property and casualty, accident and health and other specialty
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