Jun
10

Tokio Marine of Japan Agrees to Acquire HCC Insurance for $7.5 Billion

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Tsuyoshi Nagano, the president of Tokio Marine, at the company’s headquarters in Tokyo last week.CreditToru Hanai/Reuters

LONDON — Tokio Marine Holdings of Japan said on Wednesday that it had agreed to acquire HCC Insurance Holdings for $7.5 billion in cash in its latest bid to build on its business in the United States, the world’s largest insurance market.

The bid also mirrors moves by Tokio Marine’s domestic rivals to expand outside Japan, where an aging population is expected to cut into the results of insurers…

Tokio Marine of Japan Agrees to Acquire HCC Insurance for $7.5 Billion

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