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October 3, 2019

Tokio Marine Holdings, Inc.
2-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo
TSE code number: 8766

Acquisition of an U.S. Insurance Group, Privilege Underwriters, Inc.

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.

For further details, please refer to the following.

Acquisition of an U.S. Insurance Group, Privilege Underwriters, Inc.
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