Tokio Marine strikes $3bn deal for US insurer Pure Group

AcquisitionJapan’s first insurance company, Tokio Marine, has agreed a $3.1 billion deal to acquire US insurer Pure Group. Tokio Marine is acquiring the US firm from private equity groups, KKR and Stone Point as Japanese insurers look to expand their horizons as the domestic population shrinks. Pure Group will come under Tokio Marine’s umbrella in the financial year ending in March, according to reports. Speaking at a press conference on October 3, 2019, Satoru Komiya, chief executive of Tokio Marine said the US insurer had limited overlap with its current business in the world’s largest insurance market. Tokio Marine’s biggest deal came in 2015 with its $7.5 billion purchase of Houston-headquartered HCC Insurance Holdings. ©2019 funds global asia

Executive Interviews

Executive interview: Timing the market

Oct 17, 2019

Amy Cho, Schroders’ Hong Kong chief executive and regional head of intermediary clients, tells Romil Patel about Hongkongers’ love of investing, staying nimble in a volatile market and following...

Interview: Asia’s sweet spots

Jul 05, 2019

As the US-China trade war ramps up with a hike in levies, Tai Hui, chief market strategist for Asia-Pacific at JP Morgan Asset Management, tells Romil Patel where he identifies investment value.


Roundtable: Priming for Asia’s growth

Oct 17, 2019

Panellists discuss expanding product capability across Asia-Pacific, the opportunities and regulatory challenges around data and the prospects for ETFs in the region. Chaired by Romil Patel in Hong Kong.

ESG roundtable: Are the ESG stars aligning across Asia?

Jul 05, 2019

Our panel of experts discusses driving higher ESG asset allocation in Asia, growing calls to address the global climate crisis and the importance of governance. Chaired by Romil Patel in Hong Kong.