• Bloomberg

  • SHARE

Tokio Marine Holdings Inc. said Wednesday it has agreed to buy U.S. insurer Philadelphia Consolidated Holding Corp. for $4.7 billion (about ¥500 billion) to expand in the world’s biggest insurance market.

Tokio Marine, Japan’s largest insurance group, said it will pay $61.50 per share for Philadelphia.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW