Japanese insurer Tokio Marine to buy US-based HCC for $7.5 bn

Tokio Marine Holdings has agreed to buy US-based HCC Insurance Holdings for $7.5 billion, the firms said Wednesday, the latest overseas acquisition by a Japanese insurer. The cash deal will see Tokio Marine pay US$78 per share for HCC, a 35.8 percent premium on the US firm's aver

Editorial Team Legacy

Published 10 June 2015, 8:00 · Updated 21:41

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Tokio Marine Holdings has agreed to buy US-based HCC Insurance Holdings for $7.5 billion, the firms said Wednesday, the latest overseas acquisition by a Japanese insurer.

The cash deal will see Tokio Marine pay US$78 per share for HCC, a 35.8 percent premium on the US firm's average share price over the past month, a joint statement said.

Japanese insurer Tokio Marine to buy US-based HCC for $7.5 bn

Editorial Team Legacy

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