TOKYO -- Tokio Marine Holdings, one of Japan's largest listed insurance groups, will buy a U.S. insurer that focuses on employee benefits this summer for roughly 20 billion yen ($184 million), Nikkei has learned.
Tokio Marine and Standard Security Life Insurance Co. of New York have reached a basic agreement on the acquisition, which will give the Japanese group a foothold in benefits geared to small and midsize employers.
