Insurance Post

Tokio Marine Holdings to acquire HCC Insurance in $7.5bn deal

US dollars

Tokio Marine Holdings has agreed to acquire HCC Insurance Holdings for $7.5bn (£4.8bn) through its subsidiary, Tokio Marine & Nichido Fire Insurance Co.

The deal is expected to close in the fourth quarter of 2015 and will "significantly enhance" Tokio Marine's operations in the US, the Japanese company said.

HCC, founded in 1974, underwrites more than

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