Tokio Marine to Buy High Net Worth Insurer Pure for $3.1 Billion

Tokio Marine Holdings, Inc. has agreed to buy U.S. high net worth insurer Privilege Underwriters Inc. and its subsidiaries, known as Pure Group, for $3.1 billion (approximately JPY 325.5B). Tokio Marine will acquire 100% of Privilege Underwriters Inc.’s shares from …

from News – Insurance Journal