Magazine date:
Jun 2015 In response to the local market slowdown, Japanese insurers continue their international expansion. The latest acquisition to date was performed by Tokio Marine.
This non-life insurance giant got its hands on the entire American HCC Insurance group. The amount of the transaction amounted to 7.5 billion USD.
As a reminder, Tokio Marine Holdings already spent 4.7 billion USD to purchase the American company Philadelphia Insurance in 2008 and 2.66 billion in 2012 to acquire a North American insurer, Delphi Financial Group.