JAPAN – February 10, 2020 – Further to our announcement on October 3, 2019, Tokio Marine Holdings, Inc. (President and Group CEO: Satoru Komiya, “TMHD”) is pleased to announce that TMHD has completed the acquisition of Privilege Underwriters, Inc. and its subsidiaries (“Pure Group”), 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. following the satisfaction of all conditions of the acquisition, including approval from all relevant authorities.
The financial results of Pure Group will be consolidated into the financial statements of TMHD from the first quarter of fiscal year 2020 onwards.
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About PURE Programs
PURE Programs, a managing general underwriter, offers an exceptional experience for successful individuals and families with specialist and non-admitted insurance needs. PURE Programs shares common management, and risk management and claims services with PURE Insurance. PURE Programs is offered through a network of appointed licensed independent insurance brokers. PURE Programs policies are underwritten by independent insurers who are rated A or better for financial strength by A.M. Best.