Tokio Marine HCC International Acquires UK-Based Direct Commercial
MT Newswires Live
Yesterday
Tokio Marine (TYO:8766) subsidiary Tokio Marine HCC International acquired UK-based commercial motor managing general agent Direct Commercial, along with the latter's sister company, Direct Commercial Premium Finance, according to a Friday release.
The financial terms of the deal were undisclosed.
Established in 2002, Direct Commercial offers commercial motor products. The company writes over 200 million pounds sterling in gross written premiums, with over 200 employees.
Shares of Tokio Marine rose nearly 1% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.