Insight and Intelligence on the London & International Insurance Markets 22 Oct 2017

To view the full Insurance Insider site click here

Tokio Marine confirms HCC’s AIG medical acquisition

  • Marcus Alcock 3 October 2017
  • US specialty insurer HCC Insurance Holdings has confirmed plans to buy AIG's $350mn gross written premium (GWP) medical stop-loss business.

    Terms of the deal, which is expected to close on 15 October, were not disclosed, but HCC is likely to pay more than 30bn yen ($266mn).

    In a statement, HCC parent Tokio Marine said: "TMHCC's medical stop-loss has maintained consistent profitability for many years. Due to medical stop-loss' low correlation to TMHCC's other business lines, TMHCC and our entire group...

  • If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership
  • Login Free trial
  • Login