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Tokio Marine HCC closes acquisition of AIG's medical stop-loss biz

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Tokio Marine HCC closes acquisition of AIG's medical stop-loss biz

Tokio Marine HCC on Oct. 15 closed its acquisition of the medical stop-loss operations of American International Group Inc. through HCC Life Insurance Co.

The deal includes renewal rights, in-force business and employees. The acquisition increases Tokio Marine HCC's medical stop-loss business to more than $1.3 billion of premium.

Tokio Marine HCC is the marketing name used to describe the affiliated companies under the common ownership of HCC Insurance Holdings Inc., a U.S. subsidiary of Tokio Marine Holdings Inc.