Tokio Marine takes over the American HCC Insurance Group

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.