Tokio Marine Holdings, Inc. (President and Group CEO: Satoru Komiya, “TMHD”) today announced the signing of a definitive agreement to acquire 100% of the outstanding shares of Privilege Underwriters, Inc. and its subsidiaries, a U.S. insurance group specialized in the U.S. High Net Worth insurance market, through TMHD’s wholly owned subsidiary, HCC Insurance Holdings, Inc. (hereinafter: “the Acquisition”). The Acquisition is expected to be completed in the first quarter (January to March) of 2020, subject to regulatory approvals.
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