Oct 03, 2019 / 10:00AM GMT
Akira Harashima - Tokio Marine Holdings, Inc. - Senior MD, Representative Director & Co-Head of International Business
My name is Harashima from Tokio Marine Holdings. Thank you so much for joining us for this conference call in spite of the last-minute invitation.
I am going to explain the acquisition of Privilege Underwriters, Inc. or Pure Group. At the beginning, I'd like to explain the overall highlight using Page 3 and Page 4.
First, on Page 3, what we are acquiring is the nonlisted holding company for the speciality insurance group called Privilege Underwriters, Inc., which provides insurance products and services specialized in the U.S. High Net Worth insurance market and its subsidiaries. It's proven that there is no fixed definition of High Net Worth in the United States. But the Pure Group defines it to be the customer segment with house price over $1 million in the insurance contract.
This acquisition is in line with our M&A strategy from before, which is aiming to further diversify our business portfolio and sustainable profit growth in the international
Tokio Marine Holdings Inc to Discuss Acquisition of Privilege Underwriters Inc Conference Call Transcript
Feb 15, 2024
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