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Signage for Tokio Marine & Nichido Fire Insurance Co. is displayed outside the company’s headquarters building in Tokyo, Japan, on Friday, July 17, 2015. (Photo: Kiyoshi Ota/Bloomberg)

Continuing its goal to pursue business opportunities on foreign soil, Tokio Marine announced that it has agreed to purchase Privilege Underwriters, Inc. (PUI) for $3.1 billion from investors led by Stone Point Capital and KKR. PUI, which does business through the PURE Group of Insurance Companies (PURE Group), includes several business entities dedicated to serving the needs of high-net-worth clients, including PURE Risk Management, PURE Insurance Company, PURE Programs, and Haven Art Group. The deal is expected to close in the first quarter of 2020.

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Heather A. Turner

Heather A. Turner is the digital managing editor of NU PropertyCasualty360.com.

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