S&C Represents Japan’s Oldest and Largest Property and Casualty Insurance Company, Tokio Marine, in $3.1 Billion AcquisitionOctober 11, 2019
Tokio Marine Holdings, Japan's oldest and largest property and casualty insurance company, has agreed to acquire 100 percent of the outstanding shares of Privilege Underwriters, including Pure Group, for $3.1 billion in cash. Tokio Marine entered into the agreement through its subsidiary HCC Insurance Holdings.
The S&C team was led by corporate partner Robert DeLaMater, and included associates Emily Lichtenheld, Lisa Morales and Elizabeth Pompliano, executive compensation partner Matthew Friestedt, tax partner David Spitzer, intellectual property partner Nader Mousavi and international trade and investment partner Eric Kadel.
As a global insurer, Tokio Marine is expanding its international business. HCC is a world-leading specialty insurance group, with more than 100 classes of largely non-correlated specialty lines of business and operates in the United States with international operations in the United Kingdom, Ireland and Spain. Pure Group is an insurance group focused on the U.S. high-net-worth insurance market.