Tokio Marine to acquire Privilege Underwriters in $3.1 billion deal
( October 3, 2019, 11:05 GMT | Official Statement) -- MLex Summary: Japanese insurance company Tokio Marine Holdings has agreed to acquire Privilege Underwriters, which specializes in US high-net-income insurance, for $3.1 billion. The Japanese insurer is planning to buy all the US insurer’s shares and its subsidiaries through a US subsidiary, HCC Insurance Holdings. The deal requires regulatory approvals, and the two companies are aiming to close it in the first quarter of next year.The statetement can be found here....
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