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Business deals

Tokio Marine to buy US work benefits insurer for around $200m

Exclusive: Japanese group expands American reach to smaller employers with latest deal

Tokio Marine has made a series of overseas acquisitions meant to spread out the insurer's risk profile. (Photo by Koji Uema)

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.

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