imageTOKYO: Tokio Marine Holdings has agreed to buy US-based HCC Insurance Holdings for $7.5 billion, the firms said Wednesday, the latest overseas acquisition by a Japanese insurer.

The cash deal will see Tokio Marine pay US$78 per share for HCC, a 35.8 percent premium on the US firm's average share price over the past month, a joint statement said.

Copyright AFP (Agence France-Presse), 2015

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